CNBC: Marlboro Maker Altria in Talks to Buy Cannabis Company Cronos Group
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CNBC: Marlboro Maker Altria in Talks to Buy Cannabis Company Cronos Group

Cronos has not agreed to any deal and there is no certainty it will do so.

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December 4, 2018
CNBC

Marlboro cigarette maker Altria is in early stage talks to acquire Canadian cannabis producer Cronos, as it seeks to diversify its business beyond traditional smokers, people familiar with the matter told CNBC.

Cronos has not agreed to any deal and there is no certainty it will do so, the people said.

The news comes as Altria is also eyeing a significant minority stake in e-cigarette company Juul, people familiar with the situation have told CNBC.

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