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Altria CFO Reiterates Company’s U.S. Cannabis Plans
Altria, maker of Marlboro, is “excited about the U.S. opportunity for our investment in Cronos,” a Canadian cannabis company, the company’s CFO said during a consumer conference Wednesday.
Published on Feb 17, 2021 1:57PM ESTBusiness
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Altria, maker of Marlboro cigarettes, spoke to a New York consumer group on Wednesday about how the company can “create a responsible and regulated legalized market in the U.S.,” and take “significant steps to address the historical impact of cannabis criminalization on communities of color.”
On Wednesday, Altria’s CEO Billy Gifford and Sal Mancuso, the company’s Executive Vice President and Chief Financial Officer, spoke during the Consumer Analyst Group of New York (CAGNY) Conference.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Altria Announces Pricing of Previously Announced Cash Tender Offers
February 16, 2021 GMT
RICHMOND, Va. (BUSINESS WIRE) Feb 16, 2021
Altria Group, Inc. (“Altria”) (NYSE: MO) today announced the pricing terms for its previously announced cash tender offers for certain of its outstanding senior unsecured notes (each, a “Tender Offer” and collectively, the “Tender Offers”).
Tender Offers
Summarized in the table below are the applicable Reference Yields and Total Consideration to be paid in connection with the Tender Offers for (i) up to an amount that is sufficient (the “Pool 1 Maximum Amount”) to allow Altria to accept for purchase all of its 2.850% Notes due 2022 and 2.950% Notes due 2023 (collectively, the “Pool 1 Notes”) that were validly tendered and not validly withdrawn as of the Early Tender Date (collectively, the “Pool 1 Tender Offers”), (ii) up to an am
Press release content from Business Wire. The AP news staff was not involved in its creation.
Altria Group Recognized for Its Commitment to LGBTQ Equality
February 1, 2021 GMT
RICHMOND, Va. (BUSINESS WIRE) Feb 1, 2021
Altria Group, Inc. (Altria) (NYSE: MO) today announces that it received a score of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. Altria joins the ranks of 767 major U.S. businesses that also earned top marks this year. This is the fourth year in a row Altria has received a score of 100.
California’s Flavored Tobacco Ban Goes to Voters After Referendum Signatures Certified
On Friday, the California Secretary of State’s office certified that a referendum challenging the state’s ban on flavored tobacco sales had garnered more than the minimum number of valid signatures and will head to the ballot in November 2022.
In the meantime, the ban is on hold, and retailers can continue selling flavored tobacco products.
The ban had been set to go into effect on Jan. 1, 2021, but was delayed until the signature verification process had been completed. In order to qualify for the ballot, organizers of the referendum submitted more than 1 million signatures, as they needed to get 623,212 verified signatures from California voters. On Friday, the Secretary of State’s office published a report indicating that organizers had gathered 781,885 valid signatures.