|Bid||63.45 x 0|
|Ask||63.65 x 0|
|Day's Range||59.70 - 72.00|
|52 Week Range||10.22 - 74.45|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||49.94|
Coca-Cola Company (NYSE:KO) could give Aurora Cannabis (TSX:ACB) a boost to $20 if a deal is struck.
SMITHS FALLS, ON, Sept. 19, 2018 /CNW/ - Canopy Growth Corporation (TSX:WEED.TO - News) (NYSE:CGC - News) ("Canopy Growth") today announced that it has filed an early warning report under National Instrument 62-103 in connection with the closing of the previously announced qualifying transaction (the "Transaction") of Canopy Rivers Inc. (formerly AIM2 Ventures Inc.) ("Canopy Rivers"). Pursuant to the Transaction, among other things, in exchange for its multiple voting shares of Canopy Rivers Corporation, Canopy Growth received an aggregate of 36,468,318 multiple voting shares of Canopy Rivers ("Multiple Voting Shares"), representing 100% of the issued and outstanding Multiple Voting Shares.
The hottest marijuana stock on the planet is defying gravity, but fundamental and historical measures say it won't last much longer.
US-listed cannabis stock Tilray (TLRY) soared to a new high of $253.80, gaining more than 60.0% on September 19. Tilray stock has risen ~1,390.0% since its IPO price of $17.00.
On September 17, BNN Bloomberg reported that Coca-Cola was in talks with Aurora Cannabis (ACB)(ACBFF) to develop a CBD-based (cannabidiol) recovery drink to ease pain, inflammation, and cramping. As a result of this report, the investment community saw a major company taking interest in the marijuana industry, which further underscores the seriousness of the cannabis sector.
Canopy Growth Corp (TSX:WEED)(NYSE:CGC) might have a big opportunity coming in the U.S. market. Here's why.
On September 18, cannabis stock Tilray (TLRY) popped about 27% to an all-time high of $153.8 in the mid-day session. The stock is now almost 800% up since its IPO (initial public offering) in July. Meanwhile, Canopy Growth (CGC)(WEED) was up almost 6.8%, Cronos Group (CRON) was up 16.3%, and Aurora Cannabis (ACB)(ACBFF)—which got a boost from Coca-Cola’s interest—was up 8.5%.
Investing.com - Cannabis stocks were off to the races again midday after a regulatory announcement, while consumer staples were hit by a double whammy of trade tensions and weak earnings.
Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) remains an intriguing long-term investment option, particularly as the legalization date looms.
Forget Aurora Cannabis Inc. (TSX:ACB)! Canopy Growth (TSX:WEED)(NYSE:CGC) and Bruce Linton have a consolidation solution up their sleeves!
All it takes is a single share of Canopy Growth Corp (TSX:WEED)(NYSE:CGC) under your name to be banned from the U.S. forever. Not only is your capital at risk in pot stocks, but so is your ability to travel south. Is it worth the risk?
Earlier in this series, we discussed a recent development in which Coca-Cola (KO) was reported to be in talks with Aurora Cannabis (ACB) (ACBFF) to develop a cannabis-infused drink (MJ). The planned legalization of recreational cannabis in Canada is presenting a new market for non-cannabis players to explore. Thus, it is no surprise to see that Canopy Growth (CGC) (WEED) and HEXO (HEXO) have both pursued deals with alcoholic beverage companies.
On September 17, BNN Bloomberg reported that Aurora Cannabis (ACB) (ACBFF) and Coca-Cola (KO) are in “serious talks” to develop cannabis-infused beverages. Coca-Cola joins alcoholic beverage makers Constellation Brands (STZ) and Molson Coors (TAP), which have already formed partnerships with major Canadian cannabis companies Canopy Growth (WEED) (CGC) and HEXO (HEXO), respectively.
Canopy Rivers Inc. (the “Company”) (formerly AIM2 Ventures Inc. (“AIM2”)) is pleased to announce that it has completed its previously announced business combination (the “Transaction”) with Canopy Rivers Corporation (“Canopy Rivers”) as well as the exchange of the subscription receipts (the “Subscription Receipts”) issued in connection with Canopy Rivers’ previously announced $104 million private placement offering (the “Offering”) co-led by CIBC Capital Markets and GMP Securities L.P., as joint book-runners, and together with Eight Capital as co-lead agents. The Company has received conditional approval for the Transaction from the TSXV and the New Subordinated Voting Shares are expected to commence trading on the TSXV under the ticker symbol “RIV” at the commencement of trading on Thursday, September 20, 2018.
After doing a deal with Molson Coors, Hexo Corp (TSX:HEXO) is working on a cannabis-infused alcoholic drink. Will it pay off?
Pot legalization is coming next month, and big cannabis producers like Canopy Growth Corp (TSX:WEED)(NYSE:CGC) will be affected in a big way. What does that mean for investors?
This marijuana stock is skyrocketing on reports that Coke wants to make a deal for developing cannabis-infused beverages.
Canopy Growth Corp (TSX:WEED)(NYSE:CGC) and HEXO Corp. (TSX:HEXO) have emerged as early leaders in the race to tap the upcoming cannabis-infused beverage market.
Last week, the Horizons Marijuana Life Sciences ETF (HMMJ) fell 1% from its close on September 7. During this period, the Emerging Marijuana Growers Index ETF (HMJR) gained 3.5%, while the ETFMG Alternative Harvest ETF (MJ) gained 2.8%. The overall cannabis industry was mixed after the huge rally leading up to last week.