It could send shares of this Canadian cannabis stock surging 177%!
Molson Coors (NYSE: TAP) is rumored to be in advanced discussions with two Canadian cannabis companies.
Bloomberg reports that both Aurora Cannabis (OTC BB: ACBFF) and Aphria (OTC BB: APHQF) have been exploring a partnership with Molson Coors.
At a meeting with investors, Molson Coors CEO Mark Hunter explained . . .
“We have assembled a team in Canada to actively explore the risks and opportunities of entering the cannabis space in that market, where it will be federally legal by this fall.”
Canopy Growth (NYSE: CGC) has already partnered with Constellation Brands (NYSE: STZ) to develop cannabis drinks.
As part of that partnership, Constellation bought 9.9% of Canopy Growth for C$245 million ($191 million USD).
The Constellation-Canopy deal is pressuring other breweries to “partner up.” This agreement is likely exclusive – meaning that Canopy couldn’t partner with another brewery. That means other brewers will be looking to lock in partnerships ASAP.
A deal between Molson Coors and either Aurora Cannabis or Aphria would likely include a similar structure. First, a Molson Coors deal would include a sizable equity investment by the brewer. Second, it would feature a partnership to collaborate on product development.
It looks like a Molson Coors deal could close before the end of 2018.
That would be great news for investors in Aurora Cannabis or Aphria. Shares would likely take off immediately.
Just take a look at what happened to Canopy Growth shares after the Constellation deal was announced. The stock shot up from C$13 to C$20 in a few weeks. And today, shares are trading at C$36!
That’s a 177% profit in nine months!
Molson Coors is a big player.
The company does over $10 billion in annual sales.
Back in 2005, Canada’s Molson brewery merged with Colorado’s Coors. The combined company was re-named Molson Coors – and is now the fifth-largest brewery in the world.
An emerging Molson Coors deal is the latest sign that the “pot stock” buyout boom is underway.
Do you own the RIGHT stocks that will be acquired (at a HUGE premium)?
Alcohol, pharmaceutical and tobacco companies will be making sizable investments or outright acquisitions.
Meanwhile, early investors could see their cannabis stocks surge in price.
Yours in Profits,
P.S. Are you confirmed for my 420 Club webinar?
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