Shares of Canadian Cannabis Company Higher on Altria Interest
TORONTO (AP) — The potential entry of one of the world's largest tobacco companies into the marijuana business is sending the shares of a Canadian cannabis company higher before the opening bell. Cronos Group confirmed talks late Monday with Marlboro maker
TORONTO (AP) — The potential entry of one of the world’s largest tobacco companies into the marijuana business is sending the shares of a Canadian cannabis company higher before the opening bell.
Cronos GroupCRON confirmed talks late Monday with Marlboro maker AltriaMO about a possible investment. Altria Group Inc., based in Richmond, Virginia, owns Philip Morris USA, the largest cigarette maker in the United States.
Canada legalized recreational marijuana use this year and in the U.S., the trend is moving in that direction on the state level.
Tilray Inc., a medical marijuana company in British Columbia, became the first cannabis business to begin trading publicly this year on a major U.S. stock exchange.
Shares of Cronos Group Inc., based in Toronto, rose 10 percent in premarket trading Tuesday.
Many people think of position size in terms of how many shares they own of a particular stock. But it’s much smarter to think of it in terms of what percentage of your total capital is in a particular stock.
Do Fed bank regulators not at least read about what their monetary policy brethren are doing? Rates have been rising for a year! The regulatory executives who somehow overlooked this should be asked to polish their resumes and seek other pastures.
