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Altria Group, Inc., also called Altria, is a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Smokeless Products, and Wine. Read More The Smokeable Products segment comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton. The Smokeless products segment manufactured and sold by or on behalf of USSTC and PM USA. The Wine segment producer of Washington State wines, primarily Chateau Ste. Michelle and Columbia Crest, and owns wineries in or distributes wines from several other wine regions. The company was founded in 1919 and is headquartered in Richmond, VA.
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Cronos earnings: How much pot can it sell without Altria’s help
Cronos Group Inc.’s massive $1.8 billion cash windfall from Altria Group Inc.’s investment was the second large deal for the Canadian cannabis sector. But it won’t matter for its fourth-quarter earnings — and there is little else to get excited about, says Jefferies analyst Owen Bennet. “While historically a solid operator, at present we feel there is little to get really excited about other than the investment and large sum of money from Altria,” Bennett wrote in a note to clients in February. “We also q...
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Wall Street Expects These Pot Stocks to Drop by 22% to 44%
Unless you've been living under a rock for the past couple of years, you're probably well aware that the green rush is underway. With the legalization of recreational marijuana in Canada this past October, as well as ongoing state-level legalizations in the U.S. and abroard, sales estimates for the cannabis industry are growing like a weed. Between 2017 and 2022, Arcview Market Research and BDS Analytics foresee global sales spiking from less than $10 billion to more than $31 billion -- and investors want t...
Altria Stock Stock Is Up Because Juul Could Become the Marlboro of Vaping
Text size Altria Group (MO) is rising Thursday, as a long-time bull reiterated her enthusiasm for the former laggard after meetings with management that left her more confident in the company’s stakes in e-cigarettes and cannabis. The Back Story. Last year was all strike and no lucky for traditional cigarette makers, and vaping was the major culprit: E-cigarettes may not be terribly helpful when it comes to quitting tobacco, but they are taking greater and greater market share. Juul Labs, which Altria inv...
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