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https://www.cnn.com/2018/12/03/investing/cronos-altria-takeover-rumor-marijuana/index.html
New York (CNN Business)The company that makes Marlboro cigarettes may be looking for a new vice. Altria could find that the red-hot cannabis industry is a much-needed supplement to its stagnant tobacco business.
Canadian cannabis company Cronos Group surged Monday after Reuters reported Altria may want to buy the company. The stock was up nearly 30% at one point before it was briefly halted for trading midday Monday. Shares were still up 12% when trading resumed.
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When big business starts buying into Cannabis you know which way the wind is blowing. Their bean counters with their spreadsheets know where to put their $$$.
New York (CNN Business)The company that makes Marlboro cigarettes may be looking for a new vice. Altria could find that the red-hot cannabis industry is a much-needed supplement to its stagnant tobacco business.
Canadian cannabis company Cronos Group surged Monday after Reuters reported Altria may want to buy the company. The stock was up nearly 30% at one point before it was briefly halted for trading midday Monday. Shares were still up 12% when trading resumed.
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When big business starts buying into Cannabis you know which way the wind is blowing. Their bean counters with their spreadsheets know where to put their $$$.