Cigarette maker Altria, the company that produces Marlboro, has made an investment in electronic cigarette company Juul Labs, but certain aspects of the deal are frozen due to an ongoing probe by the Federal Trade Commission (FTC), according to a report by The Wall Street Journal....
Altria Group, the maker of Marlboro cigarettes for the U.S. market, announced that it is acquiring 146.2 million newly-issued shares of Canadian cannabis company Cronos Group. The transaction represents a 45 percent equity stake in Cronos, at a price of CAD $16.25 per share, for...
February 24, 2022
A federal administrative law judge, in a decision announced Thursday (Feb. 24), dismissed a Federal Trade Commission lawsuit that had accused tobacco giant Altria Group and electronic cigarette-maker JUUL Labs of violating antitrust laws. The government already has appealed the decision by Judge D. Michael Chappell. In its 2020 complaint against the company, the FTC […]
January 17, 2020
Cigarette maker Altria, the company that produces Marlboro, has made an investment in electronic cigarette company Juul Labs, but certain aspects of the deal are frozen due to an ongoing probe...
December 09, 2018
Altria Group, the maker of Marlboro cigarettes for the U.S. market, announced that it is acquiring 146.2 million newly-issued shares of Canadian cannabis company Cronos Group. The transaction represents a...
