Giantweed Canada has reprinted the article Marlboro Owner Altria Invested $1.8 Billion in Cronos Group from Cannabis Training University.
One of the biggest investment moments in the cannabis industry came last year when Marlboro owner Altria invested $1.8 billion in Cronos Group, a leading Canadian cannabis company. Altria’s (NYSE:MO) investment represents an approximate 45 percent interest in Cronos Group (TSX:CRON and NASDAQ:CRON) and a warrant to increase ownership to 55 percent over the next four years. Cronos Group Investment In a company press release, Cronos Group Chairman, President and CEO Mike Gorenstein said, “Altria’s investment and the services they will provide to Cronos Group will enhance our financial resources and allow us to expand our product development and commercialization […]
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