Tilray Brands, Inc. TLRY

Canada’s cannabis industry

[DaveInCalgary]

EXCLUSIVE-Altria-backed cannabis producer Cronos explores sale -sources

Cronos Group Inc, the Canadian cannabis producer backed by cigarette maker Altria Group Inc, is exploring options that include a potential sale after attracting acquisition interest, according to people familiar with the matter. Toronto-based Cronos, which has a market value of C$972 million ($727.54 million), is working with a financial adviser to handle the expressions of interest in a deal from other companies, including U.S.-based peer Curaleaf Holdings Inc , the sources said.

[Oldweed]

In the link it clearly indicated there is more than one suitor interested in Cronos. I believe the only recent and major financing deals announced with the expressed intent of cash for opportunities has come from Tilray, although there are rumors Cura is also looking, but I have not seen any hint of readiness from Cura so far. There were some big boys involved in Tilrays last financing, and if my

[DaveInCalgary]

Tilrays stock did inch up momentarily on this news I think Curaleaf has under $100M cash. they bought out a $9M production facility in Portugal yesterday.  I don't know what licenses or production facilities Cronos has outside of Canada?

[Oldweed]

I'm thinking things are moving faster in Europe than the USA (not foreseen), with that Altrai will need to get ready qhicky to supply pre-rolls to Europe. Cronos has made little investments waiting on USA legalization and is in no position to do so at the scale needed. Altria will also be reluctant to invest where pot is not legal, or risk  being handcuffed like STZ. TLRY is starting to

[DaveInCalgary]

The Germans descheduling Medical cannabis from requiring a Narcotics Medical Prescription (that puts people names on police narcotics lists) down to a General Medical Prescription, (one step above 'Over the Counter') that can be sourced On Line, without a Doctors office visit was a Fantastic move by the Germans. Sales predicted by Curaleaf Boris Jordan to increase "3X, 5X, 10X in 18