Cronos Confirms Talks for Possible Investment From Altria

Date : 12/04/2018 @ 1:10AM
Source : Dow Jones News
Stock : Cronos Group Inc (CRON)
Quote : 10.93  -0.67 (-5.78%) @ 9:00PM

Cronos Confirms Talks for Possible Investment From Altria

Cronos (NASDAQ:CRON)
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   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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