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.
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