Marlboro Maker Reportedly Wants Stake in Canadian Cannabis Grower

Marlboro Maker Reportedly Wants Stake in Canadian Cannabis Grower

Tobacco company Altria Group is reportedly considering buying a stake in Canadian cannabis producer Aphria.

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October 11, 2018
CBS News
Canada Grower/Agriculture News

It looks like the Marlboro Man may soon be into marijuana: Tobacco company Altria Group is reportedly considering buying a stake in Canadian cannabis producer Aphria.

Canada's Globe and Mail cited multiple unidentified sources in reporting Altria, maker of Marlboro cigarettes, had expressed an interest in acquiring a minority piece of the marijuana producer. Details of the investment are still being worked out, but the idea would be to eventually hold a majority footing in the Canadian firm, according to the newspaper.

The talks aren't yet final and could fall through, the report stressed. Altria had no comment on "rumors and speculation," a spokesperson said in an email, while Ontario-based Aphria didn't immediately return a request for comment.

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