The short story: big American alcohol distributor buys 9.9% of Canada’s largest marijuana producer. What might this mean? — people who sold their Canopy Growth shares might be crying tonight as tomorrow is the beginning of the trading week. Whether shares of WEED.T will spike is unknown but I think people are expecting it to. Cannabis stocks have risen over much less.
I can easily imagine cannabis infused drinks in mainstream culture. It may not replace alcohol but it will have its place. The fruits of this deal though will not come to light at least until edibles are legalized in July 2019. This deal is another green door that has opened for future major ventures, I believe.
During the humdrum periods of cannabis stocks we all get the itch to sell our shares. I never had the stones to sell them all because news like this just comes out of nowhere. CGC CGC CGC