Topic: How To Invest

The Successful Investor Hotline – Friday, September 28, 2018

Article Excerpt

LOBLAW COMPANIES LTD., $66.36, Toronto symbol L, operates 1,083 supermarkets across Canada. It also owns the Shoppers Drug Mart chain of 1,335 drugstores. Health Canada has awarded Shoppers Drug Mart a licence to produce medical cannabis. Shoppers does not plan to grow the drug, but has signed supply deals with several major cannabis producers, including Tilray, Aurora Cannabis and Aphria. This licence is the first step in Shoppers’s plan to distribute medical cannabis through its pharmacies. The second step is a sales licence, which would let it sell those products to patients over the Internet. In addition to medical cannabis, Loblaw is interested in selling recreational marijuana when it becomes legal on October 17, 2018. The company recently applied for a licence to sell the drug through its smoke shops in Newfoundland and Labrador. OUR RECOMMENDATION: Loblaw is a buy. Loblaw recent coverage Hotline for September 14, 2018 Hotline for September 7, 2018 CAE INC., $26.22, Toronto symbol CAE, is a leading maker of flight simulators…

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