Cannabis giant Cronos Group gets a boost after saying it will buy a state-of-the-art fermentation and manufacturing facility (CRON)
- 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.
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