Cannabis Corner: These stocks are all set for gains

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 $17.42 (Toronto symbol WEED; TSINetwork Rating: Speculative) (Shares outstanding: 393.2 million; Market cap: $7.0 billion; TSI Cannabis Quality Rating [CQR]:) is acquiring privately held Wana Brands, a Colorado-based cannabis edibles brand that believes it leads the North American gummies category by market share. Rather than buying Wana outright, Canopy will buy an option to buy 100% of the company if cannabis becomes federally legal in the U.S. It will pay $297.5 million U.S. for the option. The future cost of buying Wana has not yet been disclosed. Canopy Growth is…

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