BREAKING NEWS: Aphria and Marlboro (Altria) deal in play!
648 views · Published 10 October 2018 · 2:46 · Indexed 29 September 2026
Channel: tbonepearson · 2018 · People & Blogs
The maker of Marlboro cigarettes is reportedly in talks to buy a minority stake in Canadian cannabis producer Aphria, according to Globe & Mail. Shares of Aphria rallied more than 16% on the news. An Altria spokesperson declined to comment on rumors and speculation, and Aphria didn't immediately respond to a request for comment. Watch Altria and Aphria trade in real time here. Aphria, a Canadian-based cannabis producer, rallied more than 16% Wednesday after a report said that Altria, the maker of Marlboro cigarettes, was in talks to buy a minority stake in the company, the Globe & Mail reported, citing unidentified people familiar with the matter. According to the Globe & Mail, Altria has expressed an interest in acquiring a minority stake — with the intention of eventually holding a majority of Aphria’s shares — but details of the proposed investment are still being finalized, and talks could still fall through. An Altria spokesperson declined to comment on rumors and speculation. Aphria didn't immediately respond to a request for comment. The maker of Marlboro cigarettes is reportedly in talks to buy a stake in Canadian cannabis producer Aphria (MO)