More Marijuana Stock Deal-Making Is on the Way for This 1 Simple Reason
Canopy Growth (NASDAQOTH: TWMJF) rocked the cannabis industry in October when it announced a $245 million deal with Constellation Brands (NYSE: STZ), the maker of Corona beer and a long lineup of wines and spirits. Constellation bought a 9.9% stake in Canopy Growth and plans to market cannabis-infused beer.
Could more deals between alcoholic beverage makers and marijuana growers be on the way? The likelihood appears to be getting stronger than ever that there will be. There's one simple reason that more acquisitions and partnerships should be in store: the impact of marijuana legalization on alcohol sales.
Image source: Getty Images.
Source: Fool.com
Constellation Brands Inc. Stock
€233.50
0.480%
With 35 Buy predictions and not a single Sell prediction Constellation Brands Inc. is an absolute favorite of our community.
With a target price of 283 € there is a positive potential of 21.2% for Constellation Brands Inc. compared to the current price of 233.5 €.
