In a matter of weeks, recreational cannabis will be legal in Canada, and pot stocks are on a rampage that’s won over even the grizzliest of bears and the most skeptical short-sellers.
Three deals are creating a beautiful set-up for investors. Two of them will bring cannabis into the mainstream. The third involves one of the largest cannabis companies and a little-known incubator that’s seeing a big payday.
The first two deals started the rampage: First, Constellation, the maker of Corona Beer, is prepared to throw $4 billion more into Canopy Growth, bumping its stake up from 9.9 percent to 38 percent. Then, Diageo PLC, the maker of Johnnie Walker and Smirnoff, started talks with three Canadian pot companies for a stake. They want in, badly.
But the most exciting deal is still flying under the radar.
The …View the full post at: The Cannabis Deal Turning Heads …
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