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We said from the get-go that this industry will see M&A because it cannot escape the consolidation curve and predicted the alcohol industry would enter it. Well it did and how!
On Sunday October 29, 2017, the Wall Street Journal reported the blockbuster news that Constellation Brands (NYSE:STZ) was taking a material stake in Canopy Growth Corporation. There should not be one subscriber of CannaInvestor Magazine surprised. We cannot take credit for this prediction because it was very foreseeable and in fact I would be wary of anyone trying to pretend to take credit for such an obvious prediction.
Shareholders of Canopy Growth were rewarded with a three day potential ROI in excess of 30% and options holders a triple digit ROI! Connecting the dots so you don’t have to!
I hope you consider more than ever the opportunities from investing in US companies in this industry just as I truly hope many of you embraced last month’s strategy to invest in the Canadian listed companies.
Editor