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

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

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

The two businesses have since finalized an understanding.

The Cronos-Altria contract

The Virginia-based tobacco company is using a 45 % when you look at the medical and leisure cannabis producer for a preliminary $2.4 billion, Cronos announced on Friday.

Worldwide CBD Exchange

Altria will shop cbd oilmarketplace even pay $1.4 billion for warrants, which, if exercised, would offer it a 55 % ownership stake in Cronos. Fortsett å lese «Marlboro manufacturer to pay for $2.4B for a 45per cent stake in Cronos Group»