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Headlines Tagged with Altria/Philip Morris 15,252 headlines found

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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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Altria Refocuses Innovative Product Efforts

announces the discontinuation of production and distribution of all MarkTen and Green Smoke e-vapor products and VERVE oral nicotine containing products. This decision is based upon the current and expected financial performance of these products, coupled
Altria Group, Inc.
added Dec 7, 2018 16:30
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[Canada] Altria takes C$2.4bn stake in Canadian pot group Cronos

As part of the deal, Altria gets to nominate four directors, including one independent director, to serve on Cronos’ board. Cronos will in turn become Altria’s “exclusive partner for pursuing cannabis opportunities throughout the world”. “Altria is the
Financial Times (uk)
added Dec 7, 2018 13:29
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Cronos CEO: $1.8 billion from Big Tobacco is just a beginning for cannabis industry

MarketWatch (Wall St. Journal)
added Dec 10, 2018 13:56
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[California] Juul Said It Would Disrupt Big Tobacco. They May Join Forces Instead

"Juul is a tobacco company disguised as a tech company," said Christine Chessen, a mother of three who attended the hearing. "I am outraged to have Big Tobacco in our city." The uproar highlights the tension surrounding Juul, which has branded itself
Bloomberg News
added Dec 6, 2018 14:54
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[Canada] Altria eyes vaping, pot as cigarette sales slow

The tobacco giant is in separate talks to make investments in Canadian cannabis company Cronos Group Inc. and in San Francisco e-cigarette startup Juul Labs Inc., according to Cronos and people familiar with the Juul matter. The two companies would give A
MarketWatch (Wall St. Journal)
added Dec 6, 2018 18:17
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