Marijuana Stocks: 3 Stocks to Profit From Big Alcohol-Marijuana Partnerships

big alcohol marijuana partnerships
iStock.com/Creative-Family

Canopy-Constellation Deal Gets Bigger

Marijuana stocks were hurt this week by delays in the rollout of Ontario’s private-sector legal weed market, which will only allow brick-and-mortar retailers to sell cannabis starting in April 2019 (instead of October 2018).

However, there was some good news as well, namely the flurry of Big Alcohol-marijuana partnerships.

Investors can make big bucks on this trend.

For instance, shares of Canopy Growth Corp (NYSE:CGC) surged by 30% when alcohol company Constellation Brands, Inc. (NYSE:STZ) increased the size of their joint venture.

The beverage giant agreed to invest an additional $3.8 billion into Canopy Growth, raising its ownership stake of the company to 38%. Some are calling the deal the biggest marijuana investment to date. (Source: “‘This is rocket fuel’: Constellation Brands spending $5 billion to boost stake in Canopy Growth,”

... read more at: https://www.profitconfidential.com/marijuana/marijuana-stocks-3-stocks-to-profit-from-big-alcohol-marijuana-partnerships/

by