{"id":80703,"date":"2018-12-07T19:05:11","date_gmt":"2018-12-07T14:05:11","guid":{"rendered":"https:\/\/tns.world\/?p=80703"},"modified":"2018-12-07T19:05:11","modified_gmt":"2018-12-07T14:05:11","slug":"marlboro-maker-leaps-into-the-cannabis-trade-with-2-4b","status":"publish","type":"post","link":"https:\/\/tns.world\/?p=80703","title":{"rendered":"Marlboro maker leaps into the cannabis trade with $2.4B"},"content":{"rendered":"<div class=\"template__main  clearfix    modifier--open        px-1  modifier--widedefault  modifier--blockquote-center-narrow  \">\n<div class=\"story__content          pt-1  mt-1\">\n<p>Islamabad, Dec. 07 (TNS): One of the world&#8217;s biggest tobacco companies is diving into the cannabis market with a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company.<\/p>\n<p>Altria, which makes Marlboro cigarettes, is taking a 45 per cent stake in the Toronto company.<\/p>\n<p>Cronos said on Friday that the Richmond, Virginia, tobacco company will pay another $1.4 billion for warrants that if exercised, would give the Altria a 55 per cent majority ownership stake.<\/p>\n<p>Cronos first announced that it was in talks with Altria this week.<\/p>\n<\/div>\n<\/div>\n<div class=\"template__footer  clearfix    modifier--open        px-1  \">\n<div class=\"row  no-gutters\">\n<div class=\"col-12  col-sm-10  col-sm-offset-1\">\n<div class=\"row  no-gutters\">\n<div class=\"col-12  col-sm-11\">\n<div class=\"ml-0  ml-sm-6  px-0  px-sm-2\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad, Dec. 07 (TNS): One of the world&#8217;s biggest tobacco companies is diving into the cannabis market with a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company. Altria, which makes Marlboro cigarettes, is taking a 45 per cent stake in the Toronto company. Cronos said on Friday that the Richmond, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":80704,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,54,23],"tags":[],"class_list":["post-80703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-islamabad","category-national"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/80703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80703"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/80703\/revisions"}],"predecessor-version":[{"id":80705,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/80703\/revisions\/80705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/80704"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}