Marlboro maker places $1.8 billion bet on marijuana
NEW YORK (AP) — One of the world’s biggest tobacco companies is diving into the cannabis market with a $1.8 billion buy-in.
Marlboro maker Altria Group Inc. is taking a 45 percent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday.
The parent company of Corona beer and other alcoholic drinks is expanding its partnership with a Canadian pot producer, betting on the continued growth in the medical and recreational cannabis markets.
Constellation Brands Inc. said Wednesday it’s buying 104.5 million shares worth $4 ...
VICTOR, N.Y. (AP) — The spirits maker Constellation Brands is branching off and buying a minority stake in a Canadian medicinal marijuana producer.
Constellation will pay $245 million Canadian dollars ($190.5 million) for a 9.9 percent interest in Canopy Growth.
Constellation Brands ...
- Globe NewswireTaking a Bite out of the CBD Pet Industry - SinglePoint (OTCQB:SING), Charlotte’s Web Holdings., Canopy Growth Corporation and CannTrust HoldingsJanuary 22, 2019
- BusinessWireGlobal Legal Cannabis Market Outlook to 2023 - Leading Players are Aphria, Aurora Cannabis, Canopy Growth Corporation, CV Sciences, and Tilray - ResearchAndMarkets.comJanuary 2, 2019
- Globe NewswireCBD and Hemp Market gets Green Light as Farm Bill Becomes Law; Tilray, Canopy Growth Corporation and Entrepreneurial Companies Blaze a New PathDecember 21, 2018
- Globe NewswireLooking at The CBD Pet Market Opportunity: Canopy Growth Corporation, CannTrust Holdings, EnviroTechnologies International (OTC:ETII), Isodiol InternationalDecember 12, 2018