Looking for potty stock tips? The former CEO of Canopy Growth has just given three



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Farewell, Bruce Linton. We hardly knew you.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Cover growth (NYSE: CGC) launched its former CEO and founder on July 3rd. In the press release of the Canadian cannabis grower, Linton said, "The board decided today, and I agreed, my turn is over." However, Linton called at CNBC on Wednesday morning and explained that he had been forced out. & nbsp; & nbsp; "data-reactid =" 12 ">Cover growth (NYSE: CGC) launched its former CEO and founder on July 3rd. In the press release of the Canadian cannabis grower, Linton said, "The board decided today, and I agreed, my turn is over." However, Linton called CNBC on Wednesday morning and explained that he had been forced out.

CNBC's conversation with Linton was fascinating. Kevin O 'Leary, of CNBC, asked Linton what stocks of cannabis he would invest in. One of the most intriguing moments has arrived. Here are three tips regarding the stock of marijuana straight out of the former CEO of Canopy Growth.

Business man hand pointing to the drawing of a light bulb formed by puzzle pieces with two other light bulbs on each side

Source of the image: Getty Images.

1. Growth of cover

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although Linton may not like to be emptied unceremoniously, he is still convinced the company "is doing very well," said Linton, who pointed out that the stock options of Canopy employees should allow the company to retain a great talent. could also be a veiled look at the criticisms of employees' options, which accounted for more than half of Canopy's operating loss in the fourth quarter. "data-reactid =" 27 "> Although Linton may not like being thrown out of control, he is still a big fan of Canopy Growth and thinks the company" is in great shape. "Linton pointed out specifically Canopy employees' stock purchase options that could also have been a veiled blow to criticize employee options, which accounted for more than half of Canopy's operating loss in the fourth quarter.

Linton continues to believe that Canopy Growth will dominate the global cannabis industry. This is why he does not plan to sell much of the approximately 18 million Canopy shares he owns.

<p class = "canvas-canvas-text canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In particular, Linton thinks that the American opportunity of Canopy is Canopy Growth has obtained approval to build a major hemp production plant in the state of New York and enter into an agreement to acquire Cannabis operator based in the United States Surface Fund. The acquisition of Acreage will not take place until federal marijuana laws have been amended in the United States. But Linton expects this to happen and thinks his Canopy stock will be worth "many times what it's worth now." "Data-reactid =" 29 "> In particular, Linton believes that the American opportunity of Canopy is great.He led Canopy Growth to get permission to build a major hemp production center in the area. 39, New York State and enter into an agreement for the acquisition of a US-based cannabis operator. Surface Fund. The acquisition of Acreage will not happen until the federal marijuana laws are changed in the United States. But Linton hopes this will happen and that at this point, he thinks his Canopy stock "will be worth a multiple of what it is worth now."

2. OrganiGram Holdings

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "What Bruce Linton pot stocks like he other than Canopy Growth? He put OrganiGram Holdings (NASDAQ: OGI) at the top of the list. "data-reactid =" 31 "> What are the pot stocks that Bruce Linton likes, with the exception of Canopy Growth? OrganiGram Holdings (NASDAQ: OGI) at the top of the list.

Canopy Growth and OrganiGram have partnered in the Canadian province of Newfoundland and Labrador. OrganiGram supplies Cannabis-based products for Canopy's Tweed retail business in the province. In addition, Canopy Growth sells OrganiGram products to other licensed retailers in Newfoundland and Labrador.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Linton said that he liked OrganiGram" to because of the way they run themselves. "He added that he had found the company" quite solid. "OrganiGram is one of four cannabis growers Sign supply agreements for the markets for adult recreational marijuana in the 10 Canadian provinces. It also has low production costs and is on track to produce 113,000 kilograms of cannabis a year by the end of 2019. "data-reactid =" 33 "> Linton said he liked OrganiGram" because of the way they manage themselves. "He added that he had found the company" pretty solid. "OrganiGram is one of four cannabis producers to sign supply contracts for markets for recreational marijuana in all of Canada's ten provinces, low production costs, and is on track to produce 113,000 kilograms of cannabis annually by the end of 2019.

3. canopy rivers

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The third choice of Linton pot actions It's not too surprising He recommended the fallout from Canopy Growth Canopy Rivers (NASDAQOTH: CNPOF) For investors looking to diversify. "data-reactid =" 35 "> The third choice of Linton's Stock Exchange is not surprising.He recommended the creation of Canopy Growth. Canopy Rivers (NASDAQOTH: CNPOF) for investors seeking to diversify.

He pointed out that Canopy Rivers offers "about 14 investments in a portfolio" and that it is managed "by people familiar with the sector". In fact, Canopy Rivers now has 18 investments in its portfolio. These transactions include joint ventures, royalty stream transactions, dividends and the financing of convertible debentures.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although Canopy Rivers is a separate entity from Canopy Growth, Canopy Growth also holds approximately 27% of the Subordinate Voting Shares of its spin-off after invest another $ 30 million in Canopy Rivers earlier this year. & nbsp; "data-reactid =" 37 "> Although Canopy Rivers is a separate entity from Canopy Growth, the two companies are still working closely, and Canopy Growth also holds approximately 27% of the subordinate voting shares of its spin-off after investment. An additional $ 30 million in Canopy Rivers earlier this year.

Is Bruce right?

<p class = "canvas-canvas-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Canopy Growth's board of directors, dominated by the members chosen by the big partner of the company Constellation Brands, apparently, does not like Bruce Linton as much as some. But he certainly has a better understanding of the cannabis industry than most people. Are Bruce's smart choices smart actions to buy? "Data-reactid =" 43 "> The Board of Directors of Canopy Growth, dominated by members chosen by the company's major partner Constellation Brands, apparently, does not like Bruce Linton as much as some. But he certainly has a better understanding of the cannabis industry than most people. Are Bruce pot-picks smart actions to buy?

I agree with 100% on Canopy Growth and OrganiGram. My point of view is that Canopy Growth is the best placed of all cannabis growers to win in the long run. I also like a lot OrganiGram. As Linton has mentioned, it seems like it's a well-run business. I suspect that OrganiGram could be on the short list of candidate partners of large companies operating outside the cannabis industry.

Although I understand Linton's point of view on Canopy Rivers, it's still a relatively new autonomous entity. I would rather wait to see how some of the company's investments will materialize. However, the Canopy Rivers could very well generate solid long-term returns.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "There is another recommendation made by Linton in the CNBC This is not a selection of stock, but a choice of replacement CEOs. "When asked who he thought should take the reins of Canopy Growth, Linton replied," That's all. is unpopular, but I think Elon should take something else, because he's a pretty creative guy. "He was, of course, referring to You're here& nbsp; and SpaceX President Elon Musk. Hey, why not? & Nbsp; "data-reactid =" 46 "> There is another recommendation that Linton made in CNBC's phone call that I really like.It's not a choice of actions, but a replacement choice of CEO When asked who he thinks Linton replied: "It's unpopular, but I think Elon should do something else, because he's very creative." naturally referred to You're here and SpaceX President Elon Musk. Hey, why not

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from The Motley Fool "data-reactid =" 47 "> More from The Motley Fool

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Keith Speights has no position in any of the actions mentioned. Motley Fool recommends Constellation Brands, OrganiGram Holdings and Tesla. The Motley Fool has a disclosure policy."data-reactid =" 52 ">Keith Speights does not own any of the shares mentioned. Motley Fool recommends Constellation Brands, OrganiGram Holdings and Tesla. Motley Fool has a disclosure policy.

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