Altria to Make Growth Investment In Cronos Group

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Altria to Invest USD $1.8 Billion (CAD $2.4 Billion) for 45% Ownership Interest in Leading Global Cannabinoid Company with Warrant to Increase Ownership to 55% Over Next 4 Years VIRGINIA: Altria Group today announced that it has entered into an agreement to acquire newly issued shares in Cronos Group, a leading global cannabinoid company, headquartered in Read the full article…

Major Alcohol Industry Association Announces Support For Right To Legalize Cannabis

Major Alcohol Industry Association Announces Support for Right to Legalize Cannabis

DISTRICT OF COLUMBIA: Wine & Spirits Wholesalers of America (WSWA) has announced an official policy position in favor of a state’s right to establish a legal, well-regulated, adult-use cannabis marketplace; it is the first and only beverage alcohol association to do so. In states where cannabis is or will subsequently be legalized, the association calls Read the full article…

PRØHBTD Secures $12 Million Funding

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CALIFORNIA: PRØHBTD, a leading cannabis lifestyle media and brand platform, has raised USD $12 million in funding, $8 million of which was recently secured from a Series A round of investment. In addition to being a lead investor, the Delavaco Group acted as the sole strategic advisor to PRØHBTD. This financing represents the single largest round Read the full article…