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Canadian cannabis firm in takeover speaks with Marlboro tobacco business

Canadian cannabis firm in takeover speaks with Marlboro tobacco business

Altria Group Inc, the business which makes Marlboro cigarettes, is with in feco cbd talks with Canadian cannabis producer Cronos Group regarding a possible takeover.

The tobacco business is apparently seeking to shore up stagnant product sales by acquiring Cronos.

A good start 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 stocks noted on the Nasdaq closed trading on with an 11 monday per cent boost at $10.17. Thus giving Cronos an industry value of approximately $1.8 billion. […]