December 7, 2018 / 1:58 PM / 10 months ago

BUZZ-Weed stocks: Gain on Altria's move to invest $1.8 bln in Cronos

** U.S.-listed shares of Canadian cannabis companies rise in premarket trading after Altria Group Inc says it will invest $1.8 bln in Cronos Group Inc

** Shares of the Canadian cannabis producer CRON surge 34.4 pct to $14.09

** Shares of other cannabis cos - Tilray Inc, Aphria Inc, Aurora Cannabis Inc, Canopy Growth Corp - up anywhere between ~5 pct and 10 pct

** This is in the aftermath of Canada legalising recreational use of marijuana in October, creating a testing ground for pot cos that expect to expand as other countries follow suit

** Altria shares also up ~2.2 pct

** Up to Thursday’s close, CRON had risen 35.2 pct this year (Reporting by Arundhati Sarkar in Bengaluru)

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