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Cannabis producer Cronos's stock soars after report of merger talks with Altria
Shares of Cronos Group Inc. CRON, +15.08% shot up 24% in very active midday trade Monday, after Reuters reported that Altria Group Inc. MO, +1.70% was in early talks to buy the Canada-based cannabis company. Volume topped 16 million shares, compared with the full-day average of about 8.3 million shares. Reuters reported, citing people familiar with the matter, that Cronos has not agreed to any deal, and there is no certainty that it will agree to one. The talks between Cronos and Altria are expected to last for several weeks, Reuters reported.
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https://www.marketwatch.com/story/cannab...2018-12-03
![[Bild: CRONc1dl1309.png]](https://finviz.com/publish/120318/CRONc1dl1309.png)
Shares of Cronos Group Inc. CRON, +15.08% shot up 24% in very active midday trade Monday, after Reuters reported that Altria Group Inc. MO, +1.70% was in early talks to buy the Canada-based cannabis company. Volume topped 16 million shares, compared with the full-day average of about 8.3 million shares. Reuters reported, citing people familiar with the matter, that Cronos has not agreed to any deal, and there is no certainty that it will agree to one. The talks between Cronos and Altria are expected to last for several weeks, Reuters reported.
...
https://www.marketwatch.com/story/cannab...2018-12-03
