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Just in time for 420, the annual celebration for cannabis users. Slang, in cannabis culture, refers to smoking cannabis at 4:20 pm.
Now that this is cleared up …
It is not surprising that cannabis is a hot topic Cramer Live with Jim Cramer, Founder of TheStreet and Portfolio Manager Action Alerts Plus.
A bit of background: Canopy Growth Corp. (CGC – Get Report) confirmed its intention to once acquire the US Acreage Holdings (ACRGF) base on Thursday, April 18, 2019, if cannabis is legally legalized in the US $ 3.4 billion for the group, based in the London office of The Street, writes Canopy Growth produces $ 3.4 billion
"Today we are announcing a complex transaction with a simple goal.Our right to Acreage secures our entry strategy to the United States as soon as a path allowed by the federal government exists." said Bruce Linton, managing director of Canopy Growth. "By associating Acreage's management team, licenses and assets with Canopy Growth's intellectual property and brands, the shareholders of both companies will benefit from significant value creation."
Other pot stocks discussed at today's issue include Tilray (TLRY, Constellation Brands (STZ – Get Report), Cronos Group (CRON – Get Report), and so on. ).
Zev Fima, research analyst for Action Alerts Plus, spoke today for host Katherine Ross. Watch the clip, Cramer discusses today's deal, what to expect in the cannabis industry and much more.
Watch Jim Cramer's daily show on NYSE and his replays
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