Here is a Tidbit We can all CHEW on:
"Admittedly, Imperial Brands' investment in OCT, which wasn't even disclosed, is likely a long ways away from paying off. As a developing cannabinoid research company, it's probably going to take it years before any compounds hit the clinical stage. Then, assuming success in the clinical stage, it would take even more time for it to bring a drug to market.
However, this marks what could be the beginning of Big Tobacco's entrance into the marijuana industry. Cigarette sales for many of the industry's giants have been down, and tobacco alternatives simply haven't provided enough of an impact to offset that cigarette volume decline. During the first quarter, Altria reported that total cigarette volume fell 4.2%, with both its premium and discount volumes pushing lower.
Meanwhile, British American Tobacco noted during its first-half report in June that it anticipates global cigarette volume will be down 3.5% this year. With the Canadian cannabis industry looking to add $5 billion in sales once the industry is fully ramped up, Big Tobacco may have little choice but to seek partnerships and investment opportunities to stay relevant in the eyes of investors.
Plus, the pathway to investment and partnerships has been laid by the spirits industry. In October 2017, Corona beer maker Constellation Brands (NYSE: STZ) invested around $190 million for a 9.9% equity stake in Canopy Growth Corp. This investment, along with a recent $152 million stake in Canopy Growth's $455 million convertible debt offering, not only gives Constellation Brands an opportunity to make money through its investment stake, but it also gives it the potential to develop infused beverages or other products side-by-side with a cannabis industry giant.
The stage has been set. The real question is: Which tobacco company is next?"
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Excerpt taken from the Motley Fool......so.... which Canadian Marijuana Stock is susceptible to an investment by Big Tobacco?
