Facebook
Twitter
It’s the latest nine-figure deal in the Marijuana Buyout Boom . . .
Today, Canopy Growth (NYSE: CGC) announced plans to acquire a Colorado hemp company . . .
For a staggering C$429 million!
Go here for my urgent briefing.
Canopy will set up a new subsidiary to acquire the assets of Ebbu Inc. The Evergreen, Colorado company is a leader in hemp research.
CBD is a chemical that can be extracted from hemp. It has health benefits and can be used in oils, creams and beverages.
New research from Brightfield Group suggests that CBD could grow to become a $22 billion market within four years!
It’s important to know that Ebbu isn’t a hemp farmer.
Instead, Ebbu has developed intellectual property related to cannabis and hemp. It owns a deep portfolio including over 40 patents filed covering 1,500 inventions.
Canopy Growth says that the Ebbu’s technology will allow it to cut the cost of CBD production. The company sees CBD products as a huge growth area in 2019 and beyond.
Canopy has plans to be a global leader in everything related to cannabis. Therefore, the company plans to leverage these new technologies to create new products with a wide range of applications.
CBD will be huge – and Fortune 500 companies like Coca-Cola (NYSE: KO) have expressed interest. Bloomberg reports that “Coca-Cola is Eying the Cannabis Market.”
Meanwhile, PepsiCo (NASDAQ: PEP) is distributing a CBD water from Xanthic Beverages in Oregon.
Ebbu raised at least $24 million as a privately held company.
Today’s C$429 million acquisition price is a windfall for early Ebbu investors.
Dried cannabis will clearly become a commodity crop. That’s why the price of dried cannabis has fallen by 50% in Oregon in the past couple years.
Nobody wants to be in a commodity business. And that’s precisely why Canopy Growth is making this major acquisition.
You should expect more details just like this in the coming weeks.
One of my top stocks to BUY NOW is strikingly similar to Ebbu.
The company’s patent-pending technology could serve as a platform for any company that wants to make THC or CBD-infused beverages.
Get details inside my brand-new briefing . . .
Inside the Marijuana Buyout Boom.
Just click here to RSVP (it’s 100% FREE).
Yours in Profits,
Ian Wyatt