Altria Group Files 13D/A Amendment on Cronos Group Stake

Ticker: MO · Form: SC 13D/A · Filed: 2024-04-25T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, amendment, investment

Related Tickers: CRON

TL;DR

Altria just updated its Cronos Group stake filing - watch for changes in ownership.

AI Summary

Altria Group, Inc. has filed an amendment (No. 2) to its Schedule 13D, indicating a change in its beneficial ownership of Cronos Group Inc. as of April 25, 2024. The filing details group members including Altria Summit LLC, Maple Acquireco (Canada) ULC, and Maple Holdco (Bermuda) Ltd. Altria Group, Inc. is a major player in the tobacco industry, while Cronos Group Inc. operates in the medicinal chemicals and botanical products sector.

Why It Matters

This filing provides updated information on Altria's significant investment and potential influence over Cronos Group, a key player in the cannabis industry.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can signal shifts in strategic intent or market positioning, requiring careful monitoring.

Key Players & Entities

FAQ

What is the purpose of this SC 13D/A filing?

This filing is an amendment (No. 2) to the Schedule 13D, indicating a change in the beneficial ownership of Cronos Group Inc. by Altria Group, Inc. and its group members.

Who are the group members mentioned in the filing related to Altria?

The group members are Altria Summit LLC, Maple Acquireco (Canada) ULC, and Maple Holdco (Bermuda) Ltd.

What is the primary business of Cronos Group Inc. according to the filing?

Cronos Group Inc. is classified under STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833].

What is the primary business of Altria Group, Inc. according to the filing?

Altria Group, Inc. is classified under STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111].

What is the filing date and the date as of which the change is reported?

The filing date is April 25, 2024, and the date as of the change is also April 25, 2024.

From the Filing

0001193125-24-114508.txt : 20240425 0001193125-24-114508.hdr.sgml : 20240425 20240425183955 ACCESSION NUMBER: 0001193125-24-114508 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 GROUP MEMBERS: ALTRIA SUMMIT LLC GROUP MEMBERS: MAPLE ACQUIRECO (CANADA) ULC GROUP MEMBERS: MAPLE HOLDCO (BERMUDA) LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Cronos Group Inc. CENTRAL INDEX KEY: 0001656472 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90505 FILM NUMBER: 24878003 BUSINESS ADDRESS: STREET 1: 111 PETER STREET STREET 2: SUITE 300 CITY: TORONTO STATE: A6 ZIP: M5V 2H1 BUSINESS PHONE: (416) 504-0004 MAIL ADDRESS: STREET 1: 111 PETER STREET STREET 2: SUITE 300 CITY: TORONTO STATE: A6 ZIP: M5V 2H1 FORMER COMPANY: FORMER CONFORMED NAME: PharmaCan Capital Corp. DATE OF NAME CHANGE: 20151021 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALTRIA GROUP, INC. CENTRAL INDEX KEY: 0000764180 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133260245 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: (804) 274-2200 MAIL ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 FORMER COMPANY: FORMER CONFORMED NAME: ALTRIA GROUP INC DATE OF NAME CHANGE: 20030127 FORMER COMPANY: FORMER CONFORMED NAME: PHILIP MORRIS COMPANIES INC DATE OF NAME CHANGE: 19920703 SC 13D/A 1 d783044dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) Cronos Group Inc. (Name of Issuer) Common Shares, no par value (Title of Class of Securities) 22717L101 (CUSIP Number) W. Hildebrandt Surgner, Jr. Vice President, Corporate Secretary and Associate General Counsel Altria Group, Inc. 6601 West Broad Street Richmond, Virginia 23230 (804) 274-2200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copy to: Andrew J. Nussbaum, Esq. John L. Robinson, Esq. Wachtell, Lipton, Rosen & Katz 51 West 52nd Street New York, New York 10019 (212) 403-1000 April 25, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐ Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). CUSIP No. 22717L101  1   NAME OF REPORTING PERSON  Altria Group, Inc.  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) ☒  (b) ☐  3  SEC USE ONLY  4  SOURCE OF FUNDS  WC, OO  5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS R

View on Read The Filing