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Buds & Duds: iAnthus Capital rallies after closing its acquisition of MPX Bioceutical
Cronos Group declined following a downgrade to Hold by GMP Securities while Aphria fell after its board rejected Green Growth's hostile takeover bid
Company
Altria Group Inc
NYSE:MO
Altria Group Inc is a holding company that provides a portfolio of tobacco products for United States tobacco consumers aged 21+. The company operates through two segments: smokeable tobacco products and oral tobacco products.
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Stubbed out: Cowen cuts ratings for cigarette makers BAT, Imperial Brands, Altria in global sector review
Cowen’s analysts said the downgrades come as they “grow increasingly cautious on the outlook for combustible cigarettes in the US”
Cannabis companies heartened as New York weighs legalization and US farm bill nears passage
Crop Infrastructure and Redfund Capital are companies encouraged by political developments supporting the medical and recreational marijuana industry
Buds & Duds: Aphria and Cronos riding high while Canopy Growth and Tilray shares slip
Aphria shares are back on the rise after taking a hit from a short-seller report
Altria makes C$2.4B investment in Canadian cannabis company Cronos Group
The tobacco giant Altria is looking to widen its business beyond tobacco while Cronos is looking for a strategic partner to provide capital
Buds & Duds: Cannabis stocks drop on the back of broader market weakness
Shares of Cronos perked up again after it was reported that the maker of Marlboro cigarettes is in initial discussions to either take a stake in or possibly acquire the company
Investments and investor services
EARLY MOVERS: Restoration Hardware shares shine as it raises revenue guidance: Toll Brothers slide
Also in the frame before the New York bell are Smartsheet Inc, Toll Brothers, Dollar General Corp, Aphria Inc and Cronos Group Inc
Altria in investment talks with Canadian cannabis company Cronos
The legalization of marijuana by Canada is prompting renewed interest in investment in the country’s cannabis companies
Aphria responds to talk that US tobacco giant Altria Group is looking to take a stake in the Canadian cannabis grower
At the same time, the Canadian cannabis grower doesn't deny that talks are happening
Cannabis stocks take a hit early Wednesday but perk up; Aphria rockets on news that it is reportedly in talks with tobacco powerhouse Altria to acquire equity stake
Aphria shares rocketed up after the Globe and Mail reported that Marlboro maker Altria Group is in talks for a stake in the Canadian cannabis producer
Tobacco powerhouse Altria in talks to acquire equity stake in Canadian cannabis grower Aphria, says The Globe and Mail
Sources say Altria has expressed interest in a minority stake with the intention of eventually holding a majority of the company’s shares
New twist in e-cigarette saga as start-up Juul gets surprise raid from FDA
The raid today took Juul by surprise at its headquarters in San Francisco.
EARLY MOVERS: Altria Group and tobacco firms in the frame after FDA crackdown announcement
Also in pre-market deals, Pivotal Software Inc takes a nose-dive and McDonalds Corp shares are unmoved
Market movers: Longfin Corp, MV Oil Trust, MannKind Corporation, Incyte Corporation
A look at the day's fast-moving stocks, including controversial fintech Longfin
Altria shares dip despite better-than-expected fourth quarter
"Altria had another strong year in 2017," said Marty Barrington, Altria chief executive
Altria Group Inc shares ease premarket after mixed third quarter results
Altria stuck to its 2017 adjusted EPS outlook for US$3.26 to US$3.32. Wall Sreet had pegged adjusted EPS at US$3.26
Mixed day but Dow Jones still manages to advance to new high
Tobacco companies got hammered as the US Food and Drug Administration said it will force companies to cut nicotine levels in cigarettes to non-addictive levels.
Cash from beer stake helps boost fourth-quarter earnings for Marlboro group Altria
The US's largest tobacco company saw its earnings rise to US$10.28bn, up from US$1.25bn, boosted by the US$5.3bn cash Altria received for its stake in SABMIller.
Reynolds on fire after UK tobacco rival pounces
The timing of the bid - with the UK currency lower than a snake's belly - is slightly surprising