Late Breaking News: AB InBev, the world's largest beer company and the owner of Budweiser, and Canadian cannabis leader Tilray Inc. announced late Wednesday that the companies have entered into a partnership to research the development of non-alcoholic cannabis beverages. Cannabis Profits Daily will bring you in-depth coverage of this explosive industry development in tomorrow's edition.
The world's largest tobacco company just paid a 41.5% premium for a cannabis company that has been selling recreational product for less than two months. It shows the smart money is buying in on cannabis, not selling off.
Cronos Group Inc., a well-connected Canadian LP led by CEO Michael Gorenstein, confirmed that it is in discussion with tobacco giant Altria Group Inc. about a potential investment.