One of the Cannabis industry's #wealthiest companies is in play. News of a potential sale of Cronos Group caused $CRON share price to rocket today, rising as #high as +25% on the Toronto Stock Exchange (#TSX). Cronos currently holds a #marketvalue of C$954million ($714 million). The company is backed by Altria /Philip Morris USA who make the Marlboro brand of cigarettes. Cronos Group shares have seen double-digit declines in value so far this year. Combine that with the prevailing market #sentiment might mean the Marlboro men may well have seen enough of the #challenging business of #Cannabis

Posted by KD Khairah at 2023-07-08 03:11:11 UTC