Marlboro maker buys 45% stake in cannabis firm Cronos for $2.4 billion

Altria Group, one of the largest tobacco companies in North America, has agreed to invest 2.4 billion Canadian dollars ($1.8 billion) into Ontario-based cannabis producer Cronos Group, in the most significant foray by Big Tobacco into the rapidly growing cannabis industry. Altria also agreed to make Cronos its exclusive partner to pursue international cannabis opportunities. […]

Marlboro maker buys 45% stake in cannabis firm Cronos for $2.4 billion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Author: Matt Lamers
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