Debra BorchardtAugust 7, 2023
Year-to-date cannabis stock performance has lagged other sectors.
Tag: Altria
Debra BorchardtAugust 7, 2023
StaffMarch 6, 2023
The Daily Hit is a recap of the top financial news stories for March 6, 2023. On the Site Investor Sues Tilray for False Claims on Inventory, ABG Deal It’s been a minute since Tilray (Nasdaq: TLRY) went public, but investor Michael Hudson is suing the company for what he claims are “ breaches of fiduciary […]
Debra BorchardtOctober 30, 2020
Altria Group (NYSE: MO) reported its third-quarter earnings as regular smokers seem to be holding steady, but its stake in the vape company Juul Labs and cannabis company Cronos Group (CRON) didn’t fare as well. Altria took another massive writedown on its investment in Jull Labs. The original 38% stake in the e-cigarette company was […]
AxisWireAugust 18, 2020
Founder Case Mandel moves to President and Chairman Humboldt, CA – August 18, 2020 /AxisWire/ Boldt Runners Corp. (the “Company”), the exclusive licensee of Cannadips CBD, the Original Smokeless Dip Pouch with CBD, is pleased to announce the appointment of former Altria executive, Peter Diatelevi, as Chief Executive Officer. Peter will assume day to day […]
StaffMay 10, 2019
A 6.0% dividend yield tells you all you need to know By Will Ashworth, InvestorPlace Contributor May 3, 2019, 2:07 pm EDT It’s been almost two months since Altria (NYSE:MO) closed its deal to buy 45% of Cronos Group (NASDAQ:CRON) for C$2.4 billion. And the cigarette maker’s latest earnings disappointment would suggest Cronos Group stock is the better buy of the […]
StaffMay 9, 2019
Forget the marijuana stocks, their partners are more of a sure thing By Aaron Levitt, InvestorPlace Contributor Apr 4, 2019, 12:24 pm EDT Marijuana stocks are all the rage these days as legalized cannabis has hit the scene. Analysts now project that the market for both medical and recreational cannabis use will reach a staggering $200 billion […]
Debra BorchardtDecember 4, 2018
Cronos Group Inc. (CRON) (TSX: CRON) confirmed on Tuesday that it was having discussions concerning a potential investment by tobacco company Altria Group Inc. (MO) in Cronos Group. The company statement said that “No agreement has been reached with respect to any such transaction and there can be no assurance such discussions will lead to […]
Debra BorchardtOctober 10, 2018
It has long been expected that big tobacco would want to get into the cannabis business. The legal status in the U.S. has been the one thing holding back tobacco companies. While it hasn’t seemed to matter to alcohol brands, tobacco has mostly remained on the fringes until today’s report from The Globe and Mail. […]
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