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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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SUNDAY EDITION | Kentucky's job protection for smokers comes under fire

In 1990, the tobacco industry helped make smoking a civil right in Kentucky. Now some powerful interests want to reverse that. But will denying smokers jobs help them quit?
Fox 41 WDRB-TV (Louisville, KY)
added Dec 9, 2018 16:11
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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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The Environmental Cost of Cigarettes

Of course, it’s not all the smokers’ faults. According to a BMJ article by scholars Elizabeth Smith and Patricia McDaniel, the tobacco industry has been aware of the issue for years. Manufacturers, concerned that the litter problem might lead to greater r
JSTOR
added Dec 8, 2018 02:57
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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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[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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Disparities remain on how to tackle lung cancer in Europe, report says

Enhanced prevention measures, especially against tobacco and electronic cigarettes, combined with access to innovative treatments can help tackle rising lung cancer cases in Europe, a new study funded by the industry has found.
EurActiv
added Dec 7, 2018 18:54
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[Europe, UK] BAT: Need for a ‘consistent’ science-based view on e-cigarettes

Speaking to EURACTIV on the sidelines of an E-Cigarette Summit organised at the Royal Society in London, the world’s oldest independent scientific academy, Murphy said these products have the potential to become a global business.
EurActiv
added Dec 7, 2018 18:45
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[New York] AUDIO: VOICES OF VAPERS – THE FIGHT FOR VAPING IN THE EMPIRE STATE (GUEST: ANDREW OSBORNE)

The state of New York is undergoing efforts to ban certain vaping flavors from sale. Andrew Osborn, vice president of the New York State Vapor Association, discusses his efforts to oppose this legislation.
Heartland Institute
added Dec 7, 2018 18:43
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