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Headlines Tagged with Altria/Philip Morris 15,245 headlines found

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Cronos CEO: $1.8 billion from Big Tobacco is just a beginning for cannabis industry

Cronos Group Inc. Chief Executive Mike Gorenstein said tobacco giant Altria is not looking for a hedge to its core business with its investment in his cannabis company.
MarketWatch (Wall St. Journal)
added Dec 10, 2018 19:22
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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
4 Views

[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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[Asia-pacific, Korea - South, USA] 'Smoking e-cigarettes just as harmful as conventional ones'

Philip Morris filed a lawsuit after the ministry announced in June that five cancer-causing substances were found in heat-not-burn tobacco products sold here, with the level of tar exceeding that of conventional cigarettes. The ministry announced the re
Korea Times (kr)
added Dec 7, 2018 19:45
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[Canada] Altria to marry pot with big tobacco in $1.8 billion Cronos deal

The deal represents by far the biggest investment by a major tobacco conglomerate in a cannabis company. It comes after Canada legalized the recreational use of marijuana this year, and several other jurisdictions, including some states in the United Sta
Reuters
added Dec 7, 2018 19:18
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[Canada] Altria to Make Growth Investment in Cronos Group

“Investing in Cronos Group as our exclusive partner in the emerging global cannabis category represents an exciting new growth opportunity for Altria,” said Howard Willard, Altria’s Chairman and Chief Executive Officer. “We believe that Cronos Group’s ex
Altria Group, Inc.
added Dec 7, 2018 16:31
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