Browse Article Categories

Cronos investor Altria in merger talks with fellow tobacco giant Philip Morris

415 Views

Altria Group and Philip Morris International are in discussions over a potential all-stock "merger of equals," the companies confirmed Tuesday. If the merger comes to fruition, it could have an impact on one of the Canadian cannabis sector's leading companies. The investment gave Altria - one of the largest tobacco companies in North America and an investor in alcohol giant Anheuser-Busch InBev - a 45% ownership interest in Cronos. Altria still has an option to boost its stake to 55% and prov...

Rate this article
Write a comment or create a poll
0/500
No Comments Yet
Be the first to share what you think!