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Altria in deal talks with cannabis company Cronos Group

Reuters 

By Greg Roumeliotis and Harry Brumpton(Reuters) - Marlboro cigarette maker Altria Group Inc is in discussions with Canadian cannabis producer Cronos Group Inc about making a possible investment, Cronos said on Monday.The announcement came after Reuters reported on Monday that Altria was in talks to acquire Cronos, as it seeks to diversify its business beyond traditional smokers.Canada this year legalized recreational use of marijuana, and is seen as a testing ground for pot companies that expect to expand globally as other countries follow suit. Cronos said no agreement had been reached with ...

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First Published: Tue, December 04 2018. 08:48 IST
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