Michigan Takes On Recreational Marijuana Rules Under Newly-Named Bureau

TORONTO, Dec. 7, 2018 /CNW/ – Cronos Group Inc. today announced that it has entered into a subscription agreement with Altria Group Inc., pursuant to which Altria has agreed to make an approximately C$2.4-billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company. Altria will also receive Warrants of Cronos Group, that, if fully exercised, would provide the Company with an additional approximately C$1.4 billion of proceeds.

The Shares issuable to Altria pursuant to the Subscription Agreement will result in Altria holding an approximately 45-percent ownership interest in

...read more at http://www.cannabisbusinesstimes.com/michigan-recreational-marijuana-rules-newly-named-bureau.aspx

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