December 7, 2018 / 12:25 PM / 9 days ago

Altria to invest $1.8 bln in Canadian cannabis producer Cronos

Dec 7 (Reuters) - Canada’s Cronos Group Inc said on Friday Marlboro cigarette maker Altria Group Inc will invest $1.8 billion in the cannabis producer, giving it a 45 percent stake in the company.

The transaction will give Altria the right to nominate four directors, including one independent director, to the Cronos board.

$1 = 1.3393 Canadian dollars Reporting by Uday Sampath in Bengaluru Editing by Saumyadeb Chakrabarty

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