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

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

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

The 2 businesses have actually since finalized an understanding.

The Cronos-Altria contract

The Virginia-based tobacco business is using a 45 per cent into the medical and leisure cannabis producer for a preliminary $2.4 billion, Cronos cbd oil announced on Friday.

Worldwide CBD Exchange

Altria will even pay $1.4 billion for warrants, which, if exercised, would offer it a 55 percent ownership stake in Cronos. Continue reading ‚Marlboro maker to pay for $2.4B for a 45per cent stake in Cronos Group’