Topic: How To Invest

Stock Pickers Digest Hotline – Friday, March 1, 2019

Article Excerpt

ALIMENTATION COUCHE-TARD INC., $76.24, symbol ATD.B on Toronto, operates 12,661 convenience stores across North America and Europe. Alimentation Couche-Tard, together with Canopy Growth (symbol WEED on Toronto), has entered into a trademark licensing agreement with one winner of the Ontario Alcohol and Gaming Commission’s 25 cannabis retailer licences. Pending the results of a public-consultation process, the lottery winner will operate a “Tweed” branded retail store in London, Ontario, starting on April 1. That licensee will have full ownership and control over the London store, but will sell Canopy Growth cannabis, using Alimentation Couche-Tard’s retailing expertise. Through this partnership, Alimentation Couche-Tard aims to combine Canopy Growth’s cannabis expertise with its own experience selling other age-restricted products such as tobacco and alcohol. Longer term, the experience gained from this initial store should position Alimentation Couche-Tard and Canopy Growth to expand elsewhere in Ontario when the provincial government allows more stores. It will also set them up to expand across Canada as well as the U.S. and…

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