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  • Post Time Posted October 10, 2018
According to a report by the Globe and Mail, Altria, one of the world’s largest producers of tobacco, is in talks to purchase a minority stake in cannabis producer Aphria Inc. 

The Globe report went onto state that the original minority stake is intended to eventually turned to a majority holding but details are still being finalized. 

Both companies declined to comment.

Aphria stock rose 16% on the news. 

Source: https://markets.businessinsider.com/news/stocks/weed-altria-reportedly-in-talks-to-buy-stake-in-aphria-2018-10-1027606368

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