MJStocks Friday Morning Update – December 7, 2018
Marijuana Stocks: New Connect The Dots Feature Is Coming!
All members, new and old, this is one of the most exciting things we at marijuanastocks.com do: release new content highlighting companies that could be on the verge of significant developments in the cannabis sector. Every once in a while, we publish a “Connect the Dots” article highlighting a company that could have near-term upside potential.
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Cronos Group Inc. (CRON) Announces C$2.4 Billion Strategic Investment from Altria Group, Inc
Cronos Group Inc. (CRON) (CRON.TO) today announced that it has entered into a subscription agreement with Altria Group, Inc. (MO) pursuant to which Altria has agreed to make an approximately C$2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company. Altria will also receive Warrants of Cronos Group, that if fully exercised, would provide the Company with an additional approximately C$1.4 billion of proceeds.
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One Marijuana Stock Focusing On The Real Deal In 2018 & 2019
Unless you’ve been in a deep sleep, the marijuana industry has gotten a huge boost this year, which could spell out a true first-mover advantage right now. Canada’s recent nationwide legalization for recreational marijuana has posted an opportunity and marijuana stocks are in the spotlight for good reason right now.
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