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

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

CannabizDaily reported the other day that Altria Group, Inc., the manufacturer of popular smoking 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 % into the medical and recreational cannabis producer for a short $2.4 billion, Cronos announced on Friday.

Worldwide CBD Exchange

cbd Altria may also spend $1.4 billion for warrants, which, if exercised, would offer it a 55 % ownership stake in Cronos. Read More