Cannabis CEOs bet on US pot legalisation within a year [FT.com - Mergermarket]
Constellation Brands, Inc. (STZ)
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Source: FT.com - Mergermarket
Cannabis CEOs bet on US pot legalisation within a year | Financial Times April 19, 2019 Print this page Canopy Growth’s bid for rival cannabis company Acreage Holdings was a $3.4bn bet on cannabis becoming legal across the as soon as next year, the chief executives of the two companies have said. The complex deal His confidence was underpinned by Acreage’s “strong political connectivity” in Washington, he said, in reference to a boardroom that includes John Boehner, the Republican former Speaker of the House of Representatives. “This is probably one of the few bipartisan issues in Washington,” he said, uniting states’ rights activists on the right with liberal Democrats on the left. “You’ve got politicians on both sides of the aisle that are striving to eliminate the black market, regulate the market, [and] put taxes on cannabis.” A completed deal would value Mr Boehner’s units in an Acreage subsidiary at almost $20m. William Weld, the former governor of Massachusetts who last wee
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News
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- Constellation Brands, Inc. (NYSE: STZ) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $300.00 price target on the stock.MarketBeat
STZ
Earnings
- 1/8/24 - Beat
STZ
Sec Filings
- 3/11/24 - Form 3
- 3/11/24 - Form 8-K
- 3/5/24 - Form 4
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