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Is Altria About to Dump Cronos? Here's What It Could Mean for the Stock

TheMotleyFool

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Is Altria About to Dump Cronos? Here's What It Could Mean for the Stock: https://g.foolcdn.com/editorial/images/713530/e-cig-electronic-cigarette-vaping-getty.jpg

Maybe Altria (NYSE: MO) should just stick to making cigarettes and other nicotine-related products, because its track record in investing in other businesses is less than ideal.

So far, the tobacco giant has:

According to the filing, Altria is taking a $438 million loss on its 45% ownership interest in Cronos on its income taxes for the year and has no plans to buy any more shares in the company.

Source Fool.com

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