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Exclusive: Altria in talks to buy cannabis company Cronos Group - sources

Reuters 

By Greg Roumeliotis and Harry Brumpton(Reuters) - Marlboro cigarette maker Altria Group Inc is in early stage talks to acquire Canadian cannabis producer Cronos Group Inc, as it seeks to diversify its business beyond traditional smokers, people familiar with the matter said on Monday.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 has not agreed to any deal and there is no certainty it will do so, the sources said. The discussions between Cronos and Altria are ...

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First Published: Mon, December 03 2018. 23:28 IST
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