(CNN) — Altria hopes pot is the key to help it grow beyond its stagnant cigarette business. Tobacco giant Altira is investing $1.8 billion in Canadian cannabis company Cronos Group. That will give ...
Altria Group (US:MO), a leading tobacco company active in the cannabis industry, said Monday that it abandoned its warrant to buy more Cronos Group (CA:CRON, US:CRON) shares and would see a $483 ...
Cronos Group operates in a highly competitive industry but has a marked advantage over its peers owing to its vastly superior balance sheet. This superiority is a result of a 2019 investment by Altria ...
Altira is making a $1.8 billion (C$2.4 billion) equity investment in Cronos Group, with an option to to increase its stake to 55 percent over the next five years, reports CTV News. The deal will be a ...
Altria is the largest cigarette maker in the United States. The company's core business has been in decline for years. Management's efforts to find a new avenue for growth are important to focus on.
Altria Group, Inc. (NYSE: MO) today reports our 2025 fourth-quarter and full-year business results and provides our guidance for 2026 full-year adjusted diluted earnings per share (EPS). "2025 was a ...
Altria Group, Inc. (Altria) (NYSE: MO) held our 2026 Annual Meeting of Shareholders (Annual Meeting) today. During the Annual Meeting, Billy Gifford, Altria’s Chief Executive Officer (CEO), addressed ...