By Paul Ebeling on February 11, 2018No Comment While not a household name, a big US tobacco firm, Alliance One International Inc. (NYSE:AOI) has 1-upped its better known and much larger tobacco sellers by acquiring stakes in 2 Canadian firms involved in that country’s medical marijuana market. The acquisitions of the marijuana-related businesses are the 1st by a US tobacco company. Alliance One announced last Thursday that through its Canadian subsidiary it had acquired a 75% stake in Island Garden, one of 35 Canadian firms fully licensed to produce and sell medicinal cannabis products, and an 80% stake in Goldleaf Pharma, a late-stage applicant for a license to produce and sell medical cannabis products in Ontario. Terms and purchase prices were not disclosed. Last December, Alliance One acquired a 40% stake in a North Carolina company, Criticality, which grows industrial hemp under the state’s program to extract cannabidiol for medical use. Big Tobacco Enters the Legal Cannabis Business in Canada

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