Dynamicrypto Stock Highlight CGC
stock·@dynamicrypto·
0.000 HBDDynamicrypto Stock Highlight CGC
# <center>CGC Canopy Growth Corporation</center> <center>Do you invest in cannabis stocks?</center> <center>CGC may be the #1 cannabis stock, what do you think? Heineken and Coors are also looking to invest in cannabis business, but with who?</center> ## <center>News</center> <center></center> ### <center>[image source](https://invest.ameritrade.com/grid/p/site#r=jPage/https://research.ameritrade.com/grid/wwws/research/stocks/news/search?symbol=CGC&c_name=invest_VENDOR)</center> # <center>Chart</center> <center></center> <center>[image source](https://invest.ameritrade.com/grid/p/site#r=jPage/https://research.ameritrade.com/grid/wwws/research/stocks/charts?symbol=CGC&c_name=invest_VENDOR)</center> >## UPDATE: Cannabis company Canopy >Growth's stock soars 30% as Corona brewer increases stake >10:10 am ET August 18, 2018 (MarketWatch) >By Ciara Linnane, MarketWatch >Move 'further solidifies Constellation Brands first mover advantage' in the cannabis space, says Wells Fargo analyst >U.S.-listed shares of Canada-based Canopy Growth Corp. soared almost 30% Wednesday, after liquor seller Constellation Brands Inc. said it will invest another CAD $5 billion (http://www.marketwatch.com/press-release/constellation-brands-to-invest-5-billion-cad-4-billion-usd-in-canopy-growth-to-establish-transformative-global-position-and-alignment-2018-08-15-61843024), or about $4 billion, in the diversified cannabis company. >Constellation Brands (STZ), the brewer of Corona beer and distributor of Robert Mondavi wine, said it will increase its stake in Canopy (WEED.T)(WEED.T) to 38% from about 10% by buying 104.5 million shares at C$48.60 a share, a 51.2% premium to Tuesday's closing price of C$32.15, and assuming exercise of existing warrants. >The company will also receive additional warrants that if exercised would provide Canopy with an additional C$4.5 billion and give Constellation a stake of more than 50%. Canopy will upon closing have initial proceeds of about $4 billion, making it the biggest investment to date in the cannabis space. >Canopy's U.S.-listed shares rocketed 30%, which would be their biggest one-day gain since they started trading on the NYSE in May 2018. >Wells Fargo analyst Bonnie Herzog said the news is "very positive" and the right move for Constellation Brands, as it "further solidifies Constellation Brands' first-mover advantage as many of the major brewers are now pursuing cannabis (http://www.marketwatch.com/story/molson-plans-cannabis-drinks-as-beer-sales-fall-2018-08-01)as a potential growth driver. >"While there could be some cannibalization risk for Constellation Brands beer/alcohol portfolio, we believe the strategic partnership will ultimately be incremental to Constellation Brands' core business, especially as the deal opens the door to tremendous white space opportunities globally -- beyond Constellation Brands' current U.S. limits with its core brands." >The liquor company may eventually buy all of Canopy, she added, noting it has already reported a gain of more than $700 million on its initial investment. >See:[Corona parent Constellation Brands has seen $700 million in gains from cannabis investment](http://www.marketwatch.com/story/corona-parent-constellation-brands-has-seen-700-million-in-gains-from-cannabis-investment-2018-06-29) [source](https://invest.ameritrade.com/grid/p/site#r=jPage/https://research.ameritrade.com/grid/wwws/research/stocks/news/article?symbol=CGC&docKey=1-SN20180818002394-7T742RNTOO8VIN2CHKLBE33U45&c_name=invest_VENDOR)  <center>[15 celebrities that will actually tweet back, so bring them to Steemit!](https://steemit.com/celebrities/@dynamicrypto/these-15-celebrities-will-tweet-back-at-you)</center> <center>[Power Up or Down & SMT Tracking Link](https://steemit.com/steemit/@dynamicrypto/everyone-powering-down-why-do-i-power-up-you-ask)</center> <center>[Buy EOS? 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(info below or click the discord link in my profile)</center> <center>Thanks for stopping by please remember to help a minnow a day! Post helpful links and suggest any I should add in comments below.</center>  <center>If you enjoyed this or need help with @steemit, see my posts and discord links for minnows listed below & on my profile by clicking on my name.</center> <center>[Vote for witness yet?](https://steemit.com/witnessvote/@dynamicrypto/witness-voting-and-electing-a-responsible-proxy-voter)</center> <center>_(need to learn anything steemit just ask I will try my best to provide you a tutorial)_</center>  # <center>Minnow Resource Highlights</center>  <center>[1. 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Interested in being a DS Ambassador? talk to @dynamicgreentk it involves helping new Minnows learn & is rewarded with small upvotes.</center>  <center>Please visit my other posts by clicking on my name!</center> <center>[](https://steemit.com/@dynamicrypto)</center>  <center>* A couple of my favorites maybe you will enjoy</center> <center>[My favorite lyft confessional](https://steemit.com/funny/@dynamicrypto/wzwuezgo)</center> <center>[My favorite Meme](https://steemit.com/memes/@dynamicrypto/dynamic-steemians-meme)</center>  <center>**Helpful Discord Links**</center>  <center>[Minnow Booster](https://discord.gg/FppGXXH)</center> <center>[Steem Repo](https://discord.gg/RAKBjT2)</center> <center>[Steem Rural](https://discord.gg/b7PWjSx)</center> <center>[Dynamic Steemians](https://discord.gg/K5s4fpy)</center> <center>[Smart Media Group](https://discord.gg/fMaEdkY)</center> # <center></center>  # <center></center> <center> Thanks for visiting, please resteem and leave a comment!</center> 
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