Cannabis stocks posted large gains Monday amid optimism astir M&A and national legalization successful a uncommon burst of vigor successful the assemblage that’s been trading mostly little this year.
On the M&A front, baccy elephantine Altria MO whitethorn bargain the 55% of Cronos Group CRON that is doesn’t already own, according to speculation from New Cannabis Ventures. The woody would travel astir 3 years aft Altria paid C$2.4 cardinal ($1.9 billion) for a 45% involvement successful Cronos, with an enactment to bargain a controlling stake.
Meanwhile,...
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