A few days ago, Canopy Growth (CGC) became the first marijuana stock to list for trading on the NYSE. After rising $0.75 or 2.64% to $29.12 per share yesterday, CGC is up another $0.81 or 2.78% to $29.93 per share this morning in premarket trading. CGC's market cap is now up to $5.866 billion and Constellation Brands (STZ) now owns 9.99% of the company - with the two companies currently working together to launch a marijuana beverage product.
In NIA's opinion, CGC's exploding share price will cause investors to search for smaller U.S. traded marijuana beverage stocks in the days and weeks ahead. NIA predicts that Koios Beverage Corp. (SNOVF) currently trading in the U.S. for only $0.21 per share, could be the next marijuana beverage play to absolutely explode in the weeks ahead as the company gets ready to launch Cannavated, their new cannabis infused beverage line of products! NIA believes that SNOVF will far outperform CGC in the days/weeks to come!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from SNOVF of $80,000 cash for a 90-day investor relations contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.