News is crossing the wires that MO might bid for CRON. Out of all the pot companies, I’m surprised they’d go for that one. This, coming off news that NBEV would be acquired, makes two pot deals in a day. The best one of them all, in my opinion, is TLRY — so I stepped in and bought some.
The MO for CRON news.
Marlboro cigarette maker Altria is in early talks to acquire Canadian cannabis producer Cronos, as it seeks to diversify its business beyond traditional smokers, people familiar with the matter said on Monday.
Cronos has not agreed to any deal and there is no certainty it will do so, the sources said. The discussions between Cronos and Altria are expected to last for several weeks, one of the sources added.
The sources asked not to be identified because the matter is confidential. Altria did not immediately respond to a request for comment, while Cronos declined to comment.
Other than that, markets look like shit. The fade is a worst case scenario and if I was advising friends and family, I’d suggest doing nothing until the direction is clear.If you enjoy the content at iBankCoin, please follow us on Twitter