Dynamicrypto Stock Highlight CGC

in stock •  3 months ago

CGC Canopy Growth Corporation

Do you invest in cannabis stocks?

CGC may be the #1 cannabis stock, what do you think? Heineken and Coors are also looking to invest in cannabis business, but with who?

News

Screenshot_20180823-085648.jpg

image source

Chart

Screenshot_20180823-102938.jpg

image source

UPDATE: Cannabis company Canopy >Growth's stock soars 30% as Corona brewer increases stake

10:10 am ET August 18, 2018 (MarketWatch)
By Ciara Linnane, MarketWatch

Move 'further solidifies Constellation Brands first mover advantage' in the cannabis space, says Wells Fargo analyst

U.S.-listed shares of Canada-based Canopy Growth Corp. soared almost 30% Wednesday, after liquor seller Constellation Brands Inc. said it will invest another CAD $5 billion (http://www.marketwatch.com/press-release/constellation-brands-to-invest-5-billion-cad-4-billion-usd-in-canopy-growth-to-establish-transformative-global-position-and-alignment-2018-08-15-61843024), or about $4 billion, in the diversified cannabis company.

Constellation Brands (STZ), the brewer of Corona beer and distributor of Robert Mondavi wine, said it will increase its stake in Canopy (WEED.T)(WEED.T) to 38% from about 10% by buying 104.5 million shares at C$48.60 a share, a 51.2% premium to Tuesday's closing price of C$32.15, and assuming exercise of existing warrants.

The company will also receive additional warrants that if exercised would provide Canopy with an additional C$4.5 billion and give Constellation a stake of more than 50%. Canopy will upon closing have initial proceeds of about $4 billion, making it the biggest investment to date in the cannabis space.

Canopy's U.S.-listed shares rocketed 30%, which would be their biggest one-day gain since they started trading on the NYSE in May 2018.

Wells Fargo analyst Bonnie Herzog said the news is "very positive" and the right move for Constellation Brands, as it "further solidifies Constellation Brands' first-mover advantage as many of the major brewers are now pursuing cannabis (http://www.marketwatch.com/story/molson-plans-cannabis-drinks-as-beer-sales-fall-2018-08-01)as a potential growth driver.

"While there could be some cannibalization risk for Constellation Brands beer/alcohol portfolio, we believe the strategic partnership will ultimately be incremental to Constellation Brands' core business, especially as the deal opens the door to tremendous white space opportunities globally -- beyond Constellation Brands' current U.S. limits with its core brands."

The liquor company may eventually buy all of Canopy, she added, noting it has already reported a gain of more than $700 million on its initial investment.

See:Corona parent Constellation Brands has seen $700 million in gains from cannabis investment

source

ds-footer-1.gif

15 celebrities that will actually tweet back, so bring them to Steemit!

Power Up or Down & SMT Tracking Link

Buy EOS? No Thank You

Did You Ether Binge The Dip?

A Quality Curator Bot @dgi Tiers announcement video

Profitable quality curation bot @dgi, apply today

How to join the @dynamicsteemians curation trail

* You can win the @dynamicsteemians 200+ curation trail vote by commenting on steemit posts with our contests.

You get a free 0.01- 0.03 cent daily upvotes on your posts from @dgi by joining the @dynamicsteemians curation trail. (info below or click the discord link in my profile)

Thanks for stopping by please remember to help a minnow a day! Post helpful links and suggest any I should add in comments below.

ds-footer-1.gif

If you enjoyed this or need help with @steemit, see my posts and discord links for minnows listed below & on my profile by clicking on my name.

Vote for witness yet?

(need to learn anything steemit just ask I will try my best to provide you a tutorial)

ds-footer-1.gif

Minnow Resource Highlights

ds-footer-1.gif

1. Minnow Booster

ds-footer-1.gif

Curation Have You Stumped?

Curation Explained by @elsiekjay

ds-footer-1.gif

How To Tutorials

ds-footer-1.gif

How to welcome new steemians

How to create a discord link that does not expire

How to follow a curation trail

How to autovote another Steemian & How to Earn

How to avoid phishing sites & scammers

dstr3.png

ds-footer-1.gif

If you join the @dynamicsteemians (DS) discord ask for help, many are on daily to help you as we have Ambassadors from around the world here to help 24/7 with more ambassadors added soon! Interested in being a DS Ambassador? talk to @dynamicgreentk it involves helping new Minnows learn & is rewarded with small upvotes.

ds-footer-1.gif

Please visit my other posts by clicking on my name!

dynamicrypto_crop_720x184.png

ds-footer-1.gif

* A couple of my favorites maybe you will enjoy

My favorite lyft confessional

My favorite Meme

ds-footer-1.gif

Helpful Discord Links

ds-footer-1.gif

Minnow Booster

Steem Repo

Steem Rural

Dynamic Steemians

Smart Media Group

DYNAMICRYPTO.gif

ds-footer-1.gif

dynamicrypto-3.gif

Thanks for visiting, please resteem and leave a comment!

ds-footer-1.gif

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Team Good Alpaca loves this post! Nomnomnomnom!
teamgoodbanner2.png
Delegate to our project via SteemConnect:
10 SP | 20 SP | 50 SP | 100 SP | 200 SP | 500 SP | 1000 SP | 5000 SP

your post is good with great content and you show my information in this post so i #resteemed your post on my blog i have no many followers but my follower is can some help.

·

yes post is explained well with charts

great job sir your charts is explain all things

Welcome to the team!

·

Thanks for having me, like this cannabis stock? It has gone up 1,800+ % since I bought in.

·
·

Thats crazy!! Good fucking job bud, you seized the day.

·
·
·

I sold all the way up, just 25 left...😢