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Had a nice run tho.
Congrats on the name change to vrus. Now we get to watch the stock die. Sad.
READ THIS:
U.S. tobacco giant Altria Group Inc. is in talks to acquire an equity stake in Canadian cannabis grower Aphria Inc., multiple sources say.
Details of Altria’s proposed investment in Aphria are still being finalized, said the sources, who asked to remain unnamed because the talks are private. They said Altria has expressed an interest in acquiring a minority stake in the Leamington, Ont.-based grower with the intention of eventually holding a majority of the company’s shares.
The sources cautioned that it could take time for the two companies to strike a deal and that talks could still fall through.
With a market capitalization of US$119-billion, Virginia-based Altria makes tobacco, cigars and wine. It owns Philip Morris USA, the maker of Marlboro cigarettes, and has a significant stake in Anheuser-Busch InBev SA/NV, the world’s largest brewing company. Meanwhile, Aphria’s market value on Wednesday afternoon was $4.3-billion. Its stock price has doubled since mid-August to $17.37.
Altria executives have met with Aphria’s leadership team in Leamington on several occasions, the sources said. The most recent in-person discussions took place on Monday, with senior representatives making the trip from the U.S.
Officials with Altria and Aphria did not immediately return requests for comment on Wednesday.
Big consumer companies are increasingly looking to forge alliances with cannabis growers, which is helping fuel a frenzy and driving stock prices higher as Canada prepares for the legalization of recreational marijuana next Wednesday. Global alcohol giant Constellation Brands Inc. unveiled its plan to boost its stake in Canopy Growth Corp. to a majority position in August after having initially taken a 10-per-cent stake last fall. Molson Coors Brewing Co. has also moved into the cannabis space through a joint venture announced this summer with Quebec-based grower Hexo Corp.
Sources said Altria is pursuing a Constellation-style deal rather than a joint venture in the mould of Molson-Hexo.
Aphria is known for being a low-cost cultivator of marijuana, boasting a cash cost per gram of less than $1. Its production site has been a revolving door of late, with the company hosting tours for a number of beverage and consumer goods companies that want to learn about the cannabis business.
In its last fiscal year to Dec. 31, 2017, Altria recorded US$25.6-billion in net revenues, a slight decline from the last year. And US$22.6-billion of these sales are from smokeable products. It booked US$10-billion in net earnings.
Altria has been making a push to expand beyond conventional cigarettes by introducing products that are seen to be less harmful. Its portfolio of non-combustible products includes smokeless, oral and heated tobacco and e-vapor.
Altria’s stake in Belgium’s Anheuser-Busch InBev SA/NV, which makes popular brands such as Budweiser and Stella Artois, is about 10 per cent. In 2017, Altria received more than US$800-million in dividends – thanks to its interest in AB InBev.
Better than being down 3%, right?
lol Yep. I got in at .015....Feeling pretty stupid.
I got in at .0053 back in August. I have a long way to go..
Lol exactly! It's always "next week"
Do you get free transactions? When you add all day, aren't you spending around $6-$7 per transaction? Seems like wasting a lot of money when you "add all day". Why not just add one time?
False.
Proof of name change this month? Is this just wishful thinking?
Is there a link to where we can watch this interview?
I got in at 0.015 This has been a disaster :(
LOL Huuuuuuge news!! McDonalds Franchise owner invested $100!
Flippers are making a ton of money. Buy in around 54/55..sell at 62/63. Then repeat.
It did run, it ran deep into RED...
Well that hype was short lived.
I'm goin to sit on it as well. Hopefully something will happen in October.
This was pumped up big time. They got our money and are now gone. Bummer.
Unfortunately Bannon and his staff really don't care how many times you email or call them.. It won't change anything.
What ever happened to the name change to Bantek?
You should sign the NDA, get the information, then let us know if you sold your shares or not :)
Penny stocks are a huge gamble, must be prepared to lose your investment. I've already lost more than half my investment on this one
Why do you end every sentence with a question mark? Is this how you talk? If you don't like DRUS why are you following it? What are your thoughts on this?
Making $100 on every flip, (9 times) that's a nice return for the day.
Flippers did well this morning.
If you're excited that this stock is dropping, because you can pick up "cheapies"....you are full of it. If you own this stock, there is nothing to be excited about.
Might see .004 before the bounce back up
CEO didn't PROMISE Nasdaq, he only said it was his DREAM
Why do you think the 10-Q report will raise the price of the stock?
For the optimists, are you thinking this will hit dollars again?
69% gains! Thank you $$$
Proof?? I don't trust your opinion.
The casino is an hour drive away from West Haven, Ct. Pointless post, means nothing.
I'm in for 150k. I'm holding till it either breaks out, or I lose it all. We shall see what happens.
This message board is dead...Just like this stock. Tough loss DRUSS holders
You're not going to get rich overnight, you need to HOLD and wait.
.005 soon
Buy now, HOLD, sell at $20.00
The CEO said Nasdaq was his DREAM. Not that it is happening any time soon.