October 10, 2018 / 7:01 PM / 7 days ago

Altria in talks for stake in Cannabis producer Aphria - Globe & Mail

Oct 10 (Reuters) - Marlboro maker Altria Group Inc is in talks for a stake in Canadian cannabis producer Aphria Inc , the Globe and Mail reported on Wednesday, citing multiple sources.

The details of Altria's investment are still being finalized though it has expressed interest in buying a minority stake in Aphria with the intention of eventually holding a majority, the report here said.

Several consumer companies are looking to strike deals with Canada's cannabis companies as sales of recreational marijuana is legalized in the G-7 country, starting Oct. 17.

Altria and Aphria were not immediately available for comment.

Reporting by Debroop Roy in Bengaluru

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