Tilray plans to spend up to C$419 million on the world's largest hemp food company. This is another example of why 2019 is the year of CBD, and it's a great sign of things to come for your portfolio...
That's the main message I have in the wake of the shock Green Growth Brands (CSE:GGB) hostile takeover bid for Aphria Inc. (NYSE:APHA) on Thursday. At Cannabis Profits Daily and throughout the National Institute for Cannabis Investors, we've talked often about the developing trend of rapid consolidation in the cannabis industry.
Late Breaking News: AB InBev, the world's largest beer company and the owner of Budweiser, and Canadian cannabis leader Tilray Inc. announced late Wednesday that the companies have entered into a partnership to research the development of non-alcoholic cannabis beverages. Cannabis Profits Daily will bring you in-depth coverage of this explosive industry development in tomorrow's edition.
The world's largest tobacco company just paid a 41.5% premium for a cannabis company that has been selling recreational product for less than two months. It shows the smart money is buying in on cannabis, not selling off.