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 manufacturer of popular smoking brand Marlboro, is in talks with Canadian cannabis company Cronos Group regarding a takeover.
The 2 organizations have actually since finalized an understanding.
The Cronos-Altria agreement
The Virginia-based tobacco company is going for a 45 % into the medical and leisure cannabis producer for a short $2.4 billion, Cronos established on Friday.
Global CBD Exchange
Altria may also spend $1.4 billion for warrants, which, if exercised, would offer it a 55 per cent ownership stake in Cronos. (mer…)