Cronos Confirms Talks for Possible Investment From Altria
December 03 2018 - 8:10PM
Dow Jones News
By Josh Beckerman
Cannabis company Cronos Group Inc. (CRON) confirmed that it is
in talks to receive a potential investment from Altria Group Inc.
(MO).
Reuters reported earlier Monday that Altria was in early-stage
talks to buy Cronos. Shares of Cronos rose more than 11% during the
regular session, and were up 7.7% to $10.95 after hours.
Cronos said no agreement has been reached and "there can be no
assurance such discussions will lead to an investment or other
transaction involving the companies."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
December 03, 2018 19:55 ET (00:55 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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