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Altria/Cronos Group – The Forgotten Deal ($MO/$CRON) – Investment Watch

The (Forgotten) Deal Altria Group bought a 45 percent stake in leading cannabinoid company Cronos Group for about $1.8 billion. Altria  also has a warrant that would allow it to increase its stake in Cronos to about 55 percent at a price of $19 per share. It allows Cronos the flexibility to take investments from other companies such as, for example, a big food company. “The proceeds from Altria’s investment will enable us to more quickly expand our global infrastructure and distribution f...
United States Gan Shmuel H Efa Cronos Growco Cronos Altria Bert Mucci

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