Tobacco Co. Altria Discussing Buy of Canada's Cronos, Sources Say -Reuters
December 03 2018 - 12:46PM
Dow Jones News
--Cigarette maker Altris Group Inc. (MO) is in early discussion
to purchase Canadian cannabis company Cronos Group Inc. (CRON),
Reuters reports Monday, citing people familiar with the matter.
--One of the sources said the talks are expected to last several
weeks, the report said.
--Altria didn't immediately respond when asked to comment, and
Cronos declined to comment, the report said.
Full story:
https://www.reuters.com/article/us-cronos-group-m-a-altria-group-exclusi/exclusive-altria-in-talks-to-buy-cannabis-company-cronos-group-sources-idUSKBN1O2225
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 03, 2018 12:31 ET (17:31 GMT)
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