NewsAlert Altria investing 24B in Cronos cannabis producer

first_imgThe Canadian Press Canadian cannabis producer Cronos Group says it will receive a $2.4 billion equity investment from Altria Group, one of the biggest tobacco companies in the world.The maker of Marlboro cigarettes would acquire a 45 per cent ownership stake in Cronos under the initial investment.Altria can also invest up to a further $1.4 billion to increase its ownership stake in Cronos to 55 per cent, under the arrangement.More cominglast_img