ALTRIA GROUP INC (NYSE:MO) News and Share PriceIndustrial
Altria Group Inc manufactures, produces, and markets cigarettes, tobacco, and cigars.
The Richmond-based firm is a holding company with interest in distinct businesses.
The product pipeline include:
• Smokeable tobacco products
• Combustible cigarettes
• Large cigars
• Pipe tobacco
• Oral tobacco products
• Oral nicotine pouches
The stocks trade with the symbol ‘MO’ on the New York Stock Exchange.
The platform of operating companies include:
• John Middleton
• Phillip Morris USA
• Helix Innovation
• Philip Morris Capital Corporation
• Smokeless Tobacco Co
• Ste Michelle Wine Estates
Phillip Morris USA is engaged in the production of cigarettes and produces leading brand Marlboro.
Through its subsidiary John Middleton, the company manufactures and produces machine-made pipe tobacco and large cigars. In addition, Altria Group Inc deals with marketing and supply of the products through third-party importers.
The company, through its subsidiaries, produces oral tobacco products under the brand Skoal, Copenhagen, Husky and Red Seal. Majority of oral tobacco-based products under this segment are supplied across North America, the Richmond-based company claims.
Altria Group Inc claims to become a leader in producing harmless alternatives over the next years by providing innovative and safe tobacco products.
Altria Group Inc also claims to raise awareness on Green Tobacco Sickness for consumers, employees, and workers.
The company claims to abide by rules, regulations and global mandates as set by various health and safety administrators.
Through its online website, Altria Group Inc raises awareness on side effects of tobacco usage, underage smoking and provides cessation support through Quit Assist.
In 2019, Helix Innovation LLC acquired the Burger Group and its affiliates. Altria Group has 80 per cent ownership in Helix.
In addition, the group has interest in equity securities of AB InBev SA/NA, Cronos Group Inc and JUUL Labs Inc.
Altria Group Inc acquired Toronto-based cannabinoid firm, JUUL, in 2019, and presently owns 43.5 per cent ownership interest.
6601 West Broad Street, Richmond, Virginia 23230