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Marlboro owner to invest $1.8 bn in Canadian marijuana producer
short by Krishna Veera Vanamali / on Saturday, 8 December, 2018
Altria Group, the US maker of Marlboro cigarettes, has agreed to invest $1.8 billion for a 45% stake in Canadian cannabis producer Cronos Group. Altria will also get warrants that will give the option to increase its stake to 55%. In October, Canada became the second country after Uruguay to legalise possession and use of recreational marijuana.
read more at Bloomberg Quint