Cannabis giant Cronos Group gets a boost after saying it will buy a state-of-the-art fermentation and manufacturing facility
Cronos Group, the Canadian cannabis company, announced Thursday a plan to acquire a manufacturing and fermentation facility in Winnipeg, Canada. Shares climbed more than 2% in early trading on the news.
The announcement comes just a day after Cronos Group announced it had hired a Mondelez veteran to be its chief innovation officer. Watch shares of Cronos Group trade live. Partnerships and acquisitions are the name of the game for large cannabis companies looking to grow quickly.