If the maker of Marlboro cigarettes just invested in the weed industry, you should too….
The exact amount is 2.4 billion! As a result of this business move, Altria (the parent company of Marlboro) has a 45 percent stake in the company.
Cronos Group CEO Mike Gorenstein said the following statement:
We just got a new partner and now resources – but beyond that, the network and support (Altria) can offer – being able to have that experience. It’s an alignment and a partnership but it’s not like the deal is over. We’re all very, very, excited about the beginning, and we can now go and do the things we want to so.”