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Altria Buys 45% of Cronos Group for C$2.4 billion

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) today announced that it has entered into a subscription agreement with Altria Group, Inc. (NYSE: MO) pursuant to which Altria has agreed to make an approximately C$2.4 billionequity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company.

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Few people in Colorado have frustrated the cannabis industry more than Gov. John Hickenlooper this year. When lawmakers decided to let people vaporize weed in dispensary “tasting rooms,” Hickenlooper vetoed it. The next day, he rejected a bill to allow more investment in cannabis companies, and another that would... Read more
The Spot: Denver politics are about to take center stage and what’s coming in 2019 for marijuana
Let’s get something out of the way: I am not Nic Garcia. Your usual host is vacationing, and hopefully taking a break from Colorado’s news cycle. Instead, you’re stuck with Andrew Kenney. You can call me Andy. The Post hired me a few months ago to cover Denver —... Read more

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