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By Josh Beckerman
Cannabis company Cronos Group Inc. (CRON) confirmed that it is in talks to receive a potential investment from Altria Group Inc. (MO).
Reuters reported earlier Monday that Altria was in early-stage talks to buy Cronos. Shares of Cronos rose more than 11% during the regular session, and were up 7.7% to $10.95 after hours.
Cronos said no agreement has been reached and "there can be no assurance such discussions will lead to an investment or other transaction involving the companies."
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(END) Dow Jones Newswires
December 03, 2018 19:55 ET (00:55 GMT)
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