The maker of Marlboro cigarettes is gaining a ‘unique entry into cannabis’ (MO, CRON)

AP Altria‘s $ 1.8 billion investment in the cannabis producer Cronos is mutually beneficial, a Cowen analyst says. Cronos has a focus on rare cannabinoids, which has greater potential than just focusing on the two most known cannabinoids, Azer added. Cronos can leverage Altria’s expertise to focus on ingredient composition without reliance on a massive cultivation […]

CEO of the beverage giant behind Corona: Cannabis is one of the ‘most significant’ growth opportunities of the next decade

Corona Beer on Instagram Constellation Brands’ CEO Rob Sands is “extremely bullish” about the burgeoning cannabis industry. He defended the company’s $ 4 billion purchase of a 38% stake in Canopy Growth on a call with investors on Thursday. “We’re not playing defense, we’re playing offense,” Sands said.  The beverage giant behind Corona and Modelo […]

A $10 billion marijuana producer just spun off its venture arm in the hopes it will become the ‘Google Ventures of cannabis’ (RIV)

Blair Gable/Reuters Canopy Growth, a $ 10 billion Canadian marijuana firm, is spinning off its venture-capital arm, which began trading at $ 18.44 per share Thursday morning Canopy Rivers makes minority investments in burgeoning marijuana companies as part of its goal to become the ‘Google Ventures of cannabis.’ Watch Canopy Growth trade in real time […]