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Started By
Message
Constellation Brands Makes Pot Investment
Posted on 10/4/18 at 8:47 am
Posted on 10/4/18 at 8:47 am
Drinkable Pot is Coming
Of course I missed the Canopy Growth surge...... Didn't buy it at $20/share for some stupid reason.
quote:
Constellation Brands, the owner of Corona that recently announced a $4 billion investment into the world’s largest publicly traded marijuana company, reported second-quarter earnings that topped Wall Street expectations and sent the stock surging by as much as 4.5% in early trading Thursday.
quote:
In August, Constellation Brands announced a $4 billion investment in Canopy Growth Corporation, the world’s largest publicly traded cannabis company, adding to its previous stake bought last year. Constellation's chief executive is standing by its foray into the nascent market.
"Our $4 billion investment in Canopy Growth provides us with a strong foothold in the emerging global cannabis market, which could be one of the most significant growth opportunities of the next decade," CEO Rob Sands said in a press release. Constellation is now the largest investor in Canopy, and its ownership could hit 38% once the transaction is complete.
Of course I missed the Canopy Growth surge...... Didn't buy it at $20/share for some stupid reason.
6
Posted on 10/4/18 at 8:50 am to Aubie Spr96
quote:
Constellation Brands Makes Pot Investment
Congrats on being 2 months late to this news.
Posted on 10/4/18 at 8:53 am to rowbear1922
The MJ industry is going to be the Wild West of investments in just a few years. I wish I had the free capital to get involved.
Look back at the Tech Industry in the early 80's or even the liquor industry coming out of Prohibition. It is going to be like that.
Look back at the Tech Industry in the early 80's or even the liquor industry coming out of Prohibition. It is going to be like that.
Posted on 10/4/18 at 8:56 am to jbgleason
quote:
The MJ industry is going to be the Wild West of investments in just a few years. I wish I had the free capital to get involved.
Look back at the Tech Industry in the early 80's or even the liquor industry coming out of Prohibition. It is going to be like that
I don't have an CGC or Aurora but I have a few others that I believe starting in Q1 of 2019 will start to boom (Weed becomes legal Oct. 17th in Canada). It will have a similar volatile up and down as the crypto boom of 2016.
Posted on 10/4/18 at 8:57 am to Aubie Spr96
quote:
Drinkable Pot is Coming
Been here for years already.
Posted on 10/4/18 at 8:58 am to Aubie Spr96
Thanks for the tip. I'm on the phone with my broker now to move some of my holdings in cocaine and fentanyl over to marijuana.
Posted on 10/4/18 at 8:59 am to jbgleason
quote:
The MJ industry is going to be the Wild West of investments in just a few years.
uhhhh it's already surging. TLRY went from $22 in June to $214 on September 19. can be had today for $147
Posted on 10/4/18 at 9:27 am to Aubie Spr96
Always good news when big business invests in pot because it ensures the further acceptance of it into society and that the feds will keep their government hands off of it.
Posted on 10/4/18 at 9:46 am to Aubie Spr96
Damn you are late on this
Posted on 10/4/18 at 9:49 am to Aubie Spr96
Cannabis cerveza..? 
This post was edited on 10/4/18 at 9:55 am
Posted on 10/4/18 at 9:52 am to African Japanese
quote:
Damn you are late on this
quote:
Business Insider•October 4, 2018
I do what I can.
Posted on 10/4/18 at 9:57 am to Aubie Spr96
Seeking Alpha
Initial Investment
Yea, you are about a year late on the original investment and 2 months late on the double down to $4B investment.
ETA: Do you even Money Talk - "Let's Talk Weed Stocks in This Thread", Baw?
Initial Investment
Yea, you are about a year late on the original investment and 2 months late on the double down to $4B investment.
ETA: Do you even Money Talk - "Let's Talk Weed Stocks in This Thread", Baw?
This post was edited on 10/4/18 at 9:59 am
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