December 3, 2018 / 5:45 PM / 4 months ago

BUZZ-Cronos: Surges on buyout talks with Altria

** Cronos Group surges as much as 24 pct after Reuters reports Altria Group is in talks to buy the Canadian cannabis producer

** Cronos has not agreed to any deal and discussions are expected to last for several weeks, sources say

** Marlboro cigarette maker Altria erases slight losses to trade 1.1 pct higher after the report

** CRON last up 23.3 pct, with trading vol of 15.5 mln shares, which is more than double their 25-day moving avg of 7.5 mln

** Other pot stocks relatively tepid: Tilray, Canopy Growth Aurora Cannabis up anywhere between 1.4 pct and 2.9 pct

** Meanwhile, Aphria Inc slumps on report questioning Latam deals (Reporting by Savio D’Souza)

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