FP: Marlboro cigarette maker Altria in talks to buy cannabis producer Cronos, sources say


Marlboro cigarette maker Altria Group Inc is in early talks to acquire Canadian cannabis producer Cronos Group Inc, as it seeks to diversify its business beyond traditional smokers, people familiar with the matter said on Monday.

Cronos has not agreed to any deal and there is no certainty it will do so, the sources said. The discussions between Cronos and Altria are expected to last for several weeks, one of the sources added.

The sources asked not to be identified because the matter is confidential. Altria did not immediately respond to a request for comment, while Cronos declined to comment.

© Thomson Reuters 2018


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