The Top 3 Cannabis Beverage Stocks to Watch in 2019
2019-01-17 09:38 ET - News Release
So much so, the infused beverage market could explode to $600 million by 2022, note analysts at Canaccord Genuity. The firm estimates CBD beverages will become a $260 million market, as the THC beverage market quickly becomes a $340 million market.
In fact, big beverage makers have already taken notice of the potential.
Anheuser-Busch, for example announced a $100 million deal with Canadian medical marijuana company, Tilray Inc. to research drinks infused with cannabis. New Age Beverages Corporation just announced an agreement to develop and distribute Bob Marley-branded CBD-infused beverages. The Coca-Cola Co. said may enter the CBD market, too.
But that's just the start. Other top companies to watch in the cannabis-infused beverage market, include The Yield Growth Corporation (CSE: BOSS) (OTCQB: BOSQF),
HEXO Corporation (CSE: HEXO) (OTC: HYYDF), and Canopy Growth Corporation (NYSE: CGC).
The Yield Growth Corporation's (BOSS) (BOSQF) hemp-based wellness brands are already disrupting wellness, makeup leisure, and now the cannabis-infused beverage market. In fact, the company just signed an agreement to acquire eight wellness beverage formulas infused with CBD and THC, incorporating botanicals, fruit, extracts, and spices for anti-oxidant, anti-inflammatory, energy, brain health, immune system, and anxiety purposes.
At the moment, The Yield Growth subsidiaries are developing and manufacturing a wide range of other personal care products containing hemp root oil and various cannabinoids. In addition, The Yield Growth is currently seeking to obtain necessary licenses to process cannabis and manufacture cannabis products in multiple jurisdictions where such products can be sold.
For More Information on The Yield Growth Corporation (BOSS.CN), Click Here.
Canopy Growth (CGC) attracted interest from Constellation Brands, as well.
In fact, Constellation increased its stake in Canopy Growth by $4 billion. Constellation's investment in Canopy -- the biggest known deal in the marijuana industry -- shows just how far traditional alcoholic beverage companies are willing to go to find growth.
“We believe the emerging cannabis space represents one of the most significant global growth opportunities of the next decade, and frankly, our life time," said CEO Bill Newlands. "An opportunity that is opening up much more rapidly than originally anticipated."
For More Information on Canopy Growth (TSX: WEED)(NYSE: CGC), Click Here.
HEXO Corporation (HEXO) is in a joint venture with heavyweight, Molson Coors to create non-alcoholic, cannabis-infused drinks, as well.
"Canada is breaking new ground in the cannabis sector and, as one of the country's leading beverage companies, Molson Coors Canada has a unique opportunity to participate in this exciting and rapidly expanding consumer segment," said Frederic Landtmeters, president and CEO of Molson Coors Canada.
For More Information on HEXO Corporation (CSE: HEXO)(OTC: HYYDF), Click Here.
MarijuanaStox.com is a leading web destination for all cannabis related companies. Investors can also find current marijuana-related quality financial, medical, legal and social news.
MarijuanaStox.com is a media agency in North America dedicated to the cannabis industry, helping companies that operate in the space to attract quality investors, working capital and real publicity. Since 2005, we have had public companies in the US and Canada have rely on us to grow and succeed.
There were also product deals aplenty. In early August, Molson Coors Brewing Co. (NYSE:TAP) announced a joint venture with HEXO (NASDAQOTH:HYYDF) to develop cannabis-infused beverages. The deal leverages HEXO's knowledge of the cannabis industry with Molson Coors' deep pockets and marketing prowess.
Of course, Molson Coors and HEXO are at the mercy of the Canadian Parliament since cannabis-infused beverages aren't yet legal, although that's expected to change by this coming summer.
This under-the-radar merger is actually a big deal
But chances are that you overlooked a small cannabis acquisition announced a month ago that, when complete, could turn out to be a pretty big deal.
https://www.fool.com/investing/2019/01/17/this-no-name-marijuana-stock-is-about-to-become-a.aspx
Notice:
We have NOT received any remuneration for this HEXO summary. We are long HEXO and reserve the right to sell at any time without notice to the reader.
Notice:
We have NOT received any remuneration for this HEXO summary. We are long HEXO and reserve the right to sell at any time without notice to the reader.