Weed: Altria reportedly in talks to buy stake in Canadian cannabis producer Aphria

Boxes of confiscated cigarettes stand on a table at a news conference announcing an organized crime task force take down of an unstamped cigarette trafficking ring in New York.Reuters/Lucas Jackson

• The maker of Marlboro cigarettes is reportedly in talks to buy a minority stake in Canadian cannabis producer Aphria, according to Globe & Mail.
• Shares of Aphria rallied more than 16% on the news.
• Officials at both Altria and Aphria didn’t immediately respond to a request for comment. 
• Watch Altria and Aphria trade in real time here.

Shares of Aphria, a Canadian-based cannabis producer, rallied more than 16% Wednesday after a report said that Altria, the maker of Marlboro cigarettes, was in talks to a minority stake in the company, the Globe & Mail reported, citing unidentified people familiar with the matter. 

Officials at both Altria and Aphria didn’t immediately respond to a request for comments. 

The story is developing..

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