Canadian cannabis firm in takeover speaks with Marlboro tobacco company
Altria Group Inc, the business that produces Marlboro cigarettes, is with in talks with Canadian cannabis producer Cronos Group regarding a possible takeover.
The tobacco business is apparently trying to shore up stagnant product sales by acquiring Cronos.
A good start in shares
Cronos Group’s stocks surged by 25% on Monday after Reuters stated thatthe cannabis producer might be a buyout target for Altria.
Worldwide CBD Exchange
Cronos stocks noted on the Nasdaq closed trading on with an 11 monday % boost at $10.17. Thus giving Cronos an industry worth of about $1.8 billion.
Meanwhile, Altria shares finished trading at $55.73, up 1.64 per cent, on Monday in the Nyc Stock Market.
Altria’s stocks have plunged significantly more than 20 per cent within the as smoking year tobacco continues to drop when you look at the U.S. […]