• Shares of Canadian pot company higher on Altria interest

    14 days ago - By Chron

    TORONTO - The potential entry of one of the world's largest tobacco companies into the marijuana business is sending the shares of a Canadian cannabis company higher before the opening bell.
    Cronos Group confirmed talks late Monday with Marlboro maker Altria about a possible investment. Altria Group Inc., based in Richmond, Virginia, owns Philip Morris USA, the largest cigarette maker in the United States.
    Canada legalized recreational marijuana use this year and in the U.S., the trend is moving in that direction on the state level.
    Tilray Inc., a medical marijuana company in British...
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  • The cannabis producer Cronos spikes after confirming it has held talks with the Marlboro maker Altria

    The cannabis producer Cronos spikes after confirming it has held talks with the Marlboro maker Altria

    14 days ago - By Business Insider

    The cannabis producer Cronos Group confirmed Tuesday that it had held talks with the cigarette maker Altria about Altria taking a stake in the company.
    Cronos shares spiked more than 10% following the news. They gained about 11% on Monday, when the talks were first reported by Reuters.
    Watch Cronos trade live .
    The cannabis producer Cronos was soaring early Tuesday, up more than 10%, after confirming it had held talks with Altria, the maker of Marlboro cigarettes, about Altria making an investment in the company.
    "No agreement has been reached with respect to any such transaction and there...
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