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Canadian cannabis company in takeover talks with Marlboro tobacco business

Canadian cannabis company in takeover talks with Marlboro tobacco business

Altria Group Inc, the ongoing business which makes Marlboro cigarettes, is with in speaks with Canadian cannabis producer Cronos Group regarding a potential https://cbdoilmarketplace.net takeover.

The tobacco business is reportedly seeking to shore up sales that are stagnant acquiring Cronos.

A lift in stocks

Cronos Group’s shares surged by 25% on after Reuters reported that mondaythe cannabis producer might be considered a buyout target for Altria.

Worldwide CBD Exchange

Cronos shares listed on the Nasdaq shut trading on with an 11 monday percent boost at $10.17. Thus giving Cronos an industry worth of approximately $1.8 billion. Read more

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