--Cigarette maker Altris Group Inc. (MO) is in early discussion to purchase Canadian cannabis company Cronos Group Inc. (CRON), Reuters reports Monday, citing people familiar with the matter.

--One of the sources said the talks are expected to last several weeks, the report said.

--Altria didn't immediately respond when asked to comment, and Cronos declined to comment, the report said.

 

Full story: https://www.reuters.com/article/us-cronos-group-m-a-altria-group-exclusi/exclusive-altria-in-talks-to-buy-cannabis-company-cronos-group-sources-idUSKBN1O2225

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

December 03, 2018 12:31 ET (17:31 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Cronos (TSX:CRON)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Cronos Charts.
Cronos (TSX:CRON)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Cronos Charts.