Altria-backed Cronos Group up after confirming unsolicited acquisition interest

Curaleaf Holdings

06/07/2023 22:49

** U.S.-listed shares of Canada-based cannabis producer
Cronos Group Inc  CRON.O ,  CRON.TO  rise 5.4% to $1.98 in
extended trading
    ** Reuters reported on Thursday that CRON, backed by
cigarette maker Altria Group Inc  MO.N , is exploring options
that include a potential sale, citing people familiar with the
matter
    ** CRON is working with a financial adviser to handle the
expressions of interest in a deal from other companies,
including U.S.-based peer Curaleaf Holdings Inc  CURA.CD  -
sources
    ** Co confirms that it has received a number of unsolicited
indications of interest from third parties
    ** Says it is in the initial stages of reviewing these
indications of interest
    ** Up to Thursday's close, stock had fallen 26% YTD

 (Reporting by Arshreet Singh)
 ((Twitter: https://twitter.com/Arshreets))