It looks like the largest Canadian alcohol retailer wants in on the cannabis game.
The company has a market cap of $265 million, owns and operates 229 retail locations in Alberta and Alaska, and did more than $621 million in revenue in 2017.
Now this company wants to leverage its reach and expertise to cash in on Canada's high-growth recreational cannabis market.
They've just inked a $104M deal with one of the largest cannabis companies to build and operate a string of cannabis dispensaries.
I'll break down this deal and uncover the two stocks that could see big moves as these heavyweights team up.
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Editor, Cannabis Stock Trades
Analysis originally distributed on March 14, 2018 By: Michael Vodicka of Cannabis Stock Trades
Cannabis beverages are quickly emerging as one of the fastest growing cannabis sub-industries.
For proof - look no further than Canopy Growth Corp (TWMJF), Canada's largest cannabis company.
Back in October, Canopy announced a groundbreaking $200 million investment from Constellation Brands (CONST), the third largest US beer distributor with Corona on the roster.
In the short run, news of the investment sent shares of Canopy soaring - jumping more than 100% in the next 10 weeks.
More importantly - the deal signaled an important shift in the Canadian cannabis industry. Continue reading "Canadian Cannabis Company Betting Big On Beverages"