Cronos Group Inc (CRON)

[Keith11]

Remember, this was the deal. Altria will buy 146.2 million Cronos shares at C$16.25 a piece, which marks a 16.2% premium to the Dec 6 close on the Toronto Stock Exchange and a 41.5% premium to the company's 10-day volume weighted average price ending Nov 30. The investment will represent a 45% equity stake in Cronos with a warrant to increase ownership to 55% over the next four years. The transaction is expected to finalize within the first half of 2019. The 16.25 price is in Canadian dollars, which is about $12 US.