Some news on Canopy’s move into the US market this morning (a positive for STZ):
Bloomberg Intelligence: “Canopy’s agreement to acquire U.S. multistate cannabis operator Acreage Holdings marks a bold step toward entering the lucrative U.S. market, giving it a foothold to prepare for potential federal legalization. The deal ups the ante on other leading Canada producers, such as Aurora Cannabis, to do the same or be at a big disadvantage in seizing legal U.S. cannabis sales.”
[tag STZ]
Julie S. Praline
Director, Equity Analyst
Direct: 617.226.0025
Fax: 617.523.8118
Crestwood Advisors
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Suite 500
Boston, MA 02109