InvestorsHub Logo
Followers 19
Posts 6059
Boards Moderated 3
Alias Born 05/23/2019

Re: SpaceLady post# 51839

Tuesday, 07/09/2019 7:53:33 PM

Tuesday, July 09, 2019 7:53:33 PM

Post# of 83024
Cronos group is in the news again today. With over 200,000 retail outlets thanks to the partnership with the Marlboro country of Richmond,Virginia, CG is already on the Nasdaq. CG wants to quickly gain leverage in the USA cbd market and CVSI wants to be on the Nasdaq. What If? What do think alwaysbmikki? What’s the FDA got to do with it? Discriminate against USA companies in favor of Canadian companies? Congress needs to step up to the plate. IMHO Wolf

Carey wrote to investors that he expects Cronos to heavily leverage its connection with Altria to launch hemp CBD products in the U.S. Altria's tobacco products, including Marlboro and Virginia Slims cigarettes and Skoal smokeless tobacco, are sold in around 230,000 retail locations.

https://finance.yahoo.com/news/why-much-maligned-cronos-group-111500355.html,00



https://en.wikipedia.org/wiki/Altria

Altria Group, Inc. is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes and related products. It operates worldwide and is headquartered in Henrico County, Virginia, just outside the city of Richmond.

Altria is the parent company of Philip Morris USA, John Middleton, Inc., U.S. Smokeless Tobacco Company, Inc., Philip Morris Capital Corporation, and Chateau Ste. Michelle Wine Estates. Philip Morris International was spun off in 2008. Altria maintains a ~10% stake in Belgium-based brewer ABInBev. It is a component of the S&P 500 and was a component of the Dow Jones Industrial Average until February 19, 2008. On January 6, 2009, Altria acquired UST Inc., a smokeless tobacco manufacturer, which also owned wine producer Ste Michelle Wine Estates, and is now a subsidiary of Altria.