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Altria to invest C$2.4 billion in Canadian cannabis company Cronos

“Canadian cannabis company Cronos Group Inc” writes Ciara Linnane for marketwatch.com. As part of the deal, Altria will receive warrants that if fully exercised would grant the company an additional C$1.4 billion.The new legal Canadian cannabis market is attracting investment from a range of players, including a $4 billion investment from Constellation Brands Inc.MO, +0.00% has agreed to make a C$2.4 billion ($1.8 billion) equity investment in the company to provide the capital to help it expand and innovate.
 
Source: marketwatch.com



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