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 February 21, 2018 By: Michael Vodicka of Cannabis Stock Trades
Puerto Rico legalized medical cannabis in early 2015.
In the next two years, millions in new capital flowed into the industry, giving birth to a string of greenhouses and dispensaries.
However, Puerto Rico's promising young cannabis industry suffered a major setback in the fall of 2017 when the country was struck by a devastating hurricane, Maria.
Here's a quote from NBC News:
"Big manufacturing and grow facilities have had their roof blown off, there is water in their manufacturing rooms, equipment damaged, no light for plants and most are dead," said Goodwin Aldarondo, the president and CEO of Puerto Rico Legal Marijuana. You're talking about millions of dollars of damage."
Despite the impact of hurricane Maria, one young cannabis company is pushing forward with its expansion plans - in the early stages of building five cannabis dispensaries in Puerto Rico.
If it succeeds, the company is in position to be an early leader in the high-growth medical cannabis industry.
Let's take a closer look. Continue reading "Growing Potential in Puerto Rico"