Marlboro manufacturer to pay for $2.4B for a 45% stake in Cronos Group

Marlboro manufacturer to pay for $2.4B for a 45% stake in Cronos Group

CannabizDaily reported week that is last Altria Group, Inc., the manufacturer of popular cigarette brand name Marlboro, is with in talks with Canadian cannabis company Cronos Group regarding a takeover.

The 2 businesses have actually since finalized an understanding.

The Cronos-Altria contract

The Virginia-based tobacco business is going for a 45 percent into the medical and cannabis that are recreational for a preliminary $2.4 billion, Cronos established on Friday.

Worldwide CBD Exchange

Altria may also pay $1.4 billion for warrants, which, if exercised, would offer it a 55 % ownership stake in Cronos. Continue reading Marlboro manufacturer to pay for $2.4B for a 45% stake in Cronos Group