ALTRIA- (US company that owns MARLBORO) enters the Cannabis business.

Agriculture

One of the largest tobacco companies in the world has launched the cannabis market with an investment of $ 1.8 billion in Cronos Group , a Canadian medical and recreational marijuana company.

Altria , which makes Marlboro cigarettes, is acquiring a 45% stake in Cronos.

He added that the tobacco company will pay another 1.4 billion dollars for guarantees that, if exercised, would give Altria a 55% stake.

That would mean that Altria’s investment would be at the same level as the $ 4 billion spent earlier this year by Constellation Brands to acquire shares in Canopy Growth Corp , another Canadian marijuana producer.

The investment made in August by Constellation, which makes Corona and other beverages, was the largest to date by a major US corporation in the cannabis market.

Whatever the hesitation of large corporations in the United States with regard to entering the cannabis market, it seems to be disappearing if there is a financial justification. Altria’s huge investment has encouraged cannabis companies that have started to settle in Canada, where their recreational use was legalized this year.

 

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Agriculture
As the Marijuana industry reaches BILLIONS, the UN has finally woke up.

https://www.laestrella.com.pa/cafe-estrella/salud/201202/onu-reconoce-oficialmente-propiedades-medicinales-cannabis The United Nations (UN) has recognized the medicinal properties of cannabis on Wednesday in a vote in Vienna of the Commission on Narcotic Drugs, the executive body on drug policy of the United Nations. The simple majority of the 53 States of the Commission have decided to withdraw cannabis …

"JB"
Just like Panama…..it takes Covid for them to realize the importance of nature to the economy.

JB: “Green Tourism” on a beautiful island, WOW what a tremendous fucking idea. https://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&pto=aue&rurl=translate.google.com&sl=es&sp=nmt4&u=http://elsiglo.com.pa/economia/miambiente-activan-turismo-verde-conservacion-panama/24168240&usg=ALkJrhix1DY-zTrYWqRgJM2GI3ee4-xvdQ “We plan to increase the protected areas on the maritime surface by 2021 from 10% to 30%” The Panama Tourism Authority (ATP), the Ministry of the Environment (MiAmbiente) and the Fundación Caminando Panamá held a working …

"JB"
Scientist debunks how invasive plant species reached Panama.

https://www.laestrella.com.pa/cafe-estrella/planeta/201201/cientifica-smithsonian-esclarece-leyenda-urbana JB: to my e-mailers,,,,screw you, this shit interests me. LOL Urban legends abound about the origins of canal straw in Panama, but the Smithsonian has new evidence that puts an end to the question. Gutter straw is an invasive weed, native to Asia. Because its tiny seeds are carried by the …