Сbdoilmarketplace

Сbdoilmarketplace

Canadian cannabis company in takeover speaks with Marlboro tobacco business

Canadian cannabis company in takeover speaks with Marlboro tobacco business

Altria Group Inc, the ongoing business that produces Marlboro cigarettes, is in speaks with Canadian cannabis producer Cronos Group regarding a possible takeover.

The tobacco business is apparently looking 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 described as a buyout target for Altria.

Worldwide CBD Exchange

Cronos stocks noted on the Nasdaq shut thc oil vs cbd oil trading on with an 11 monday % boost at $10.17. This provides Cronos an industry value of approximately $1.8 billion. chi tiết