RE:RE:Big bad tobacco (BBT)There were some related posts a week or two ago, but I couldn't find any search function on here. Is there one? Google found this post, but it is old and only somewhat related.
Ventura2020 wrote: Altria backs out of deal with Aphria in 2018. The short report.
Altria buys 41% stake in Cronos at 1.8 billion in 2018.
Altria backs out of their option to increase their stake in Crono Dec 2022. 482 million loss. Still has 41% stake and 157 mil shares in Cronos. Probably doesn't see a future for Cronos in the emerging Cannabis market.
Altria does not want to be out of the Cannabis game, along with the other big Tobacco companies that are heavily invested.
So, what will the deal be? For Altria/Cronos to come under Tilray Brands.
Thats the question?
Cronos and Tilray is the only logical merger and for Altria as well.
Cheers,
V