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Cronos Soars on Report Altria in Talks to Buy Canada Pot Company
- Report lifts other pot stocks that had dropped on Aphria news
- Cronos Group says it doesn’t comment on market rumors
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Cronos Group Inc. soared, helping curb a broader decline in pot stocks, following a report that tobacco company Altria Group Inc. is in early talks to buy the Canadian cannabis producer.
Cronos jumped as much as 30 percent in New York following the Reuters report, which cited unidentified people familiar with the matter. Altria also jumped.