Canopy soars 31% on news, CEO hopes shareholders don’t go hunting for the next potential acquisition

Yesterday Canopy (CGC.N) announced Constellation Brands is acquiring 104.5 million of its shares at C$48.60 CAD, a 37.9% premium. Constellation will also receive additional warrants of Canopy that, if exercised, would provide for at least an additional $4.5 billion CAD to Canopy, boosting Constellation’s stake in Canopy to 38%. Canopy jumped $10.05 CAD (+31%) on 26.8 million shares traded.

Equity Guru’s guide to hemp & marijuana cbd products

Last week Friday Night Inc.(TGIF.C) announced that it received a permit for a 12,000 sq/ft hemp processing facility in Las Vegas, Nevada along with its 91% owned subsidiary Infused MFG. The 5,000 sq/ft. production facility currently being retrofitted in Las Vegas, NV, will process hemp biomass into CBD products. Infused sells CBD products through its Canna Hemp brand.

TGOD vs. NIMBYs; LP max size expansion amendment nixed by Hamilton City Council, Dutchman appeals

As has been widely reported, a zoning amendment proposal brought forward by The Green Organic Dutchman and recommended by the City of Hamilton’s Planning Committee was defeated by vote of Hamilton’s City Council this past Wednesday. The proposed amendment (PED18118) would have increased the maximum allowance of 24,000 sq/ft to 968,000 sq/ft of growth space for cannabis LP’s like TGOD operating in Hamilton.