Frager Factor

Monday, October 30, 2017

Game Changer: Double Buzz-- Corona Brewer Makes Big Play For Cannabis-Infused Drinks

Via Dow Jones Newswire: One of my longest and most successful legal marijuana investments Canopy Growth (TSX: WEED) today cut a deal that takes a whole new and unexpected turn on the 420 space. See press release below. Note Canopy focuses on Canadian Market and development of biological breakthroughs for Parkinson's, Cancer, ALS and more. They are not subject to the US market Jeff Sessions liabilities... my own shares are up $65K this am on this news

Beer distributor looks ahead to potential legalization The U.S. distributor of Corona beer is chasing a new type of buzz. Constellation Brands Inc. (STZ) has agreed to take a 9.9% stake in Canopy Growth Corp., a Canadian marijuana company, and plans to work with the grower to develop and market cannabis-infused beverages. Canopy Growth (WEED.T) is the world's largest publicly traded cannabis company, with a market valuation of 2.2 billion Canadian dollars on the Toronto Stock Exchange. The C$245 million (US$191 million) deal gives Constellation a toehold in an industry that the brewer expects to be legalized nationwide in the U.S. in the coming years. Constellation -- flush with cash after posting a 13% increase in beer sales in its latest quarter -- is interested in developing drinkable cannabis products that don't contain alcohol, he said. Products currently on the market in U.S. states where they are legal include buzz-inducing sodas, coffees and fruit elixirs.

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