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Headlines Tagged with Business (General) 14,370 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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Big Tobacco Hasn't Killed Cannabis, This Dance Has Only Just Begun

Many in the cannabis industry have feared this day would come. That big tobacco would descend upon the industry and with its deep pockets and buy up companies. The concern was that big tobacco would stall the opportunities for small businesses. The real
thestreet.com
added Dec 10, 2018 19:17
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Pot May Be Next for Tobacco Farmers Already Turning to Hemp

While several states have legalized marijuana, it remains banned at the federal level. “It’s certainly helpful that Altria already has a relationship with local contract farmers,” Gorenstein said in a phone interview Friday. “We can help those farmers tr
Bloomberg News
added Dec 10, 2018 17:21
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Altria Invests $1.8 billion in Cannabis Company

The decision by the maker of Marlboro to go ahead with an investment in Cronos shows that Altria is interested about investing in marijuana as a new growth area. Tobacco giant Altira Group is investing $1.8 billion in Canadian cannabis company Cronos Gro
Convenience Store Decisions
added Dec 10, 2018 17:04
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Altria Ending Production of MarkTen and Green Smoke

Financial performance and regulatory restrictions to blame for the end of MarkTen and Green Smoke production. / “We remain committed to being the leader in providing adult smokers innovative alternative products that reduce risk, including e-vapor,” said
Convenience Store Decisions
added Dec 10, 2018 14:01
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[Indiana] EDITORIAL: Cigarette tax increase vital step to better health

Now it's time for those who concur with the message of the Alliance for a Healthier Indiana to push for solutions. Job One should be increasing the tax on cigarette purchases.
Fort Wayne (IN) Journal-Gazette
added Dec 10, 2018 04:41
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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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Marijuana Stocks: Here Come the Lawsuits

CV Sciences is attempting to create a drug that combines CBD and nicotine as a smokeless tobacco-cessation solution. This initial drug candidate is where those lawsuits have originated. You see, back in August, noted short-seller Citron Research released
Motley Fool
added Dec 9, 2018 16:14
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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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