Tobacco Co. Altria Discussing Buy of Canada's Cronos, Sources Say -Reuters

Date : 12/03/2018 @ 5:46PM
Source : Dow Jones News
Stock : Cronos Group Inc (CRON)
Quote : 16.12  -0.01 (-0.06%) @ 9:11PM

Tobacco Co. Altria Discussing Buy of Canada's Cronos, Sources Say -Reuters

Altria (NYSE:MO)
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--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)

Copyright (c) 2018 Dow Jones & Company, Inc.

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