About Altria Group, Inc. (MO)

Company Description:

Altria Group, Inc., more commonly known as Altria, is a leading player in the tobacco industry. The company primarily focuses on the manufacture and sale of cigarettes, smokeless products, and wine in the United States.

Altria was originally founded in 1919 as Philip Morris & Co., Ltd., Inc. and has undergone several name changes and rebrandings over the years. The company is currently headquartered in Richmond, Virginia, USA.

Main Product(s):

Altria's product range primarily includes cigarettes under the Marlboro brand, various smokeless tobacco products, and wine. The company also has investments in vaping and cannabis sectors.

Short History of Altria Group, Inc:

• 1919 – Founded as Philip Morris & Co., Ltd., Inc.
• 1954 – Renamed to Philip Morris Companies Inc.
• 2003 – The company was renamed Altria Group, Inc.
• 2008 – Altria spun off Philip Morris International.
• 2018 – Altria ventured into the cannabis market by acquiring a stake in Cronos Group.
• 2019 – Altria acquired a 35% stake in Juul Labs.

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