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Marlboro manufacturer to pay for $2.4B for the 45per cent stake in Cronos Group

22 agosto, 2019/en Cbd Oil Rank Inc /por focustec

Marlboro manufacturer to pay for $2.4B for the 45per cent stake in Cronos Group

CannabizDaily reported week that is last Altria Group, Inc., the maker of popular smoke brand name Marlboro, is in talks with Canadian cannabis business Cronos Group regarding a takeover.

The 2 organizations have since finalized an understanding.

The Cronos-Altria contract

The Virginia-based tobacco company is having a 45 per cent within the medical and recreational cannabis producer for a short $2.4 billion, Cronos established on Friday.

Worldwide CBD Exchange

Altria may also pay $1.4 billion for warrants, which, if exercised, would provide it a 55 % ownership stake in Cronos.

Also within the contract, Altria could have the right to nominate four directors to Cronos’ board. And also this implies that the Cronos board, which presently has five users, may be expanded to add seven members. Leer más