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Headlines Tagged with Altria/Philip Morris 15,237 headlines found

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[Asia, Pakistan] MNCs continue to flourish amid flawed taxation system

Multinational companies (MNCs) in the tobacco sector are allegedly flourishing at the cost of Pakistan’s economic interests owing to glaring flaws in the taxation mechanism coupled with an absence of practicable laws to effectively regulate the functionin
Pakistan Today (pk)
added Dec 8, 2018 23:55
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[Canada] Cannabis Allure Proves Irresistible for Tobacco Company Altria

With U.S. smoking rates falling fast, Richmond, Virginia-based Altria is under pressure to find new avenues to expand revenue. Marijuana, while still illegal on the federal level in the U.S., is now allowed in an increasing number of states, while Canada
Bloomberg News
added Dec 7, 2018 16:10
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Altria to discontinue e-vape products and Verve oral nicotine and refocus on reduced-risk tobacco

said Friday it is discontinuing its MarkTen and Green Smoke e-vape products, along with Verve oral nicotine containing products in response to regulatory restrictions that will hamper its effort to improve their financial performance. The tobacco giant s
MarketWatch (Wall St. Journal)
added Dec 7, 2018 16:08
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Altria shutters its e-cigarette brands as it eyes Juul, awaits iQOS decision

Instead, Altria said it will "refocus its resources on more compelling reduced-risk tobacco product opportunities," referring to tobacco products that are thought to be less harmful than smoking conventional cigarettes. Already, the company has inked an
CNBC
added Dec 10, 2018 04:14
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Cronos Group Says deal With Altria Does Not Limit Potential Partnerships With Other Cos

DEAL WITH ALTRIA DOES NOT LIMIT POTENTIAL PARTNERSHIPS WITH OTHER COMPANIES - CONF CALL.
Reuters
added Dec 10, 2018 04:36
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[Canada] Cronos Group Inc. Announces C$2.4 Billion Strategic Investment from Altria Group, Inc.

today announced that it has entered into a subscription agreement (the "Subscription Agreement") with Altria Group, Inc. (NYSE: MO) ("Altria") pursuant to which Altria has agreed to make an approximately C$2.4 billion equity investment in Cronos Group (th
PR Newswire
added Dec 10, 2018 01:07
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Motley Rice, Venable Attorneys Face Off as Rare Florida Non-Engle Tobacco Trial Opens Against Philip Morris

Capone died of lung cancer in 2006...Finch outlined evidence he said showed a multi-pronged effort throughout much of the latter half of the 20th century to undermine the growing weight of medical evidence on smoking’s dangers. Meanwhile, Finch said, tob
Courtroom View Network (CVN)
added Dec 8, 2018 20:51
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[UK] VIDEOS: Marlboro man smokes out growth through $1.9bn cannabis deal

Sky's Ian King says Altria's stake in Cronos makes it the first of the big tobacco firms to diversify in the cannabis market.
Sky News (uk)
added Dec 8, 2018 20:38
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MARKETS HEARD ON THE STREET Marijuana Won’t Keep Marlboro Man Buzzing

Altria faces a classic incumbent’s dilemma. ..A minority stake in Juul, the San Francisco-based group which was valued at $16 billion in its latest funding round and has cornered 70% of the U.S. vape market, looks like Altria’s best option. That would al
The Wall Street Journal Interactive Edition
added Dec 8, 2018 20:36
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[Canada] Marlboro maker places $1.8 billion bet on marijuana

That would mean Altria’s investment would be in the same league as the $4 billion spent earlier this year by Constellation Brands to acquire shares of Canopy Growth Corp., another Canadian pot producer. The August investment by Constellation, which make
AP - Associated Press
added Dec 7, 2018 19:45
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