Canadian cannabis company in takeover talks with Marlboro tobacco business
Altria Group Inc, the business that produces Marlboro cigarettes, is in talks with Canadian cannabis producer Cronos Group regarding a potential cbdoilmarketplace org, inc. takeover.
The tobacco company is apparently trying to shore up stagnant product sales by acquiring Cronos.
A boost in stocks
Cronos Group’s stocks surged by 25% on Monday after Reuters stated thatthe cannabis producer may be considered a buyout target for Altria.
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