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Headlines Tagged with Altria/Philip Morris 15,249 headlines found

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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] Slowing Cigarette Sales Push Altria to Explore Other Opportunities

Talks with both companies could be derailed by the baggage that Big Tobacco brings. Some Juul staff are upset after The Wall Street Journal reported last week that the startup is entertaining selling a significant stake to the tobacco company, a move th
The Wall Street Journal Interactive Edition
added Dec 7, 2018 18:57
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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] 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 may be adding a Juul to its crown if talks with e-cigarette company end in deal

Deal by world’s biggest tobacco company would mark major shift in an industry already being shaken up by new technologies and new regulations
MarketWatch (Wall St. Journal)
added Dec 7, 2018 15:59
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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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