MAR­I­JUANA: Marl­boro maker buys stake in mar­i­juana provider

Milwaukee Journal Sentinel - - Business -

One of the world’s big­gest tobacco com­pa­nies is div­ing into the cannabis mar­ket with a $1.8 bil­lion buy-in. Marl­boro maker Al­tria Group Inc. is tak­ing a 45 per­cent stake in Cronos Group, a Cana­dian med­i­cal and recre­ational mar­i­juana provider. The agree­ment an­nounced Fri­day in­cludes a war­rant to ac­quire ad­di­tional shares over the next four years.

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