Cannabis Corner: These stocks are adding to their appeal

Article Excerpt

First, the good news: widening cannabis legalization will eventually lead to some great business successes. The bad news is that only a few of the multitude of cannabis stocks today will pay off for investors. Consumer cannabis demand is high, but growing and distributing it across multiple markets is more difficult. With “Cannabis Corner,” we focus on quality stocks that are most likely to emerge as winners in the “Wild West” of marijuana investing. CANOPY GROWTH $33.94 (Toronto symbol WEED; TSINetwork Rating: Speculative) (Shares o/s: 382.3 million; Market cap: $12.3 billion; TSI Cannabis Quality Rating [CQR]:) continues to make acquisitions to expand its market share. This week, the company announced the purchase of Supreme Cannabis for $435 million. The purchase will strengthen Canopy’s brand portfolio, including the addition of one of Canada’s leading premium brands, 7ACRES. The acquisition also includes a greenhouse cultivation facility at Kincardine, Ontario, as well as Supreme Cannabis’ Blissco and Truverra brands. All in all, after the transaction is completed, Canopy estimates…