Commodities and Gold

Finding the Desired Beverages or Bust

Canopy Growth Corp. (NYSE:CGC) didn’t get the kind words I hoped to see from strategic investor Constellation Brands Inc. (NYSE:STZ) this week, but corporate synergies are clearly on management’s mind.

After all, Constellation initially spent $4 billion for a stake in Canopy to make its claim in the theoretically huge cannabis-infused beverage market. That’s the home run opportunity here.

Constellation didn’t say anything. Canopy did all the talking. The early numbers are fairly constructive.

It turns out that Canopy had shipped 530,000 bottles of its beverages since launching three months ago. It is looking at brisk sales this summer.

Canopy Growth CEO David Klein thinks he can capture 5% of the Canadian drink market. He should know. After all, he came over from Constellation Brands to make these products happen.

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. The Financial Times describes Ms. Kramer as “A one-woman financial investment powerhouse” and The Economist distinguishes her as “one of the best-known investors in America”. Ms. Kramer is often quoted in publications such as the Wall Street Journal, New York Post, Bloomberg, and Reuters. She is a frequent guest commentator on CNBC, CBS, Fox News and Bloomberg, providing investment insight and economic analysis. Ms. Kramer was an analyst and investment banker at Morgan Stanley and Lehman Brothers. Ms. Kramer founded and ran a long-short hedge fund and has been chief investment officer overseeing debt and equity portfolios. Since 2010, Ms. Kramer’s financial publications have provided stock analysis and investment advice to her subscribers. Her products include GameChangers, Value Authority, High Octane Trader, Triple-Digit Trader, 2-Day Trader, IPO Edge and Inner Circle. Ms. Kramer, a Certified Fraud Examiner, has also testified as an expert in investment suitability, risk management, compliance, executive compensation, and corporate governance. Ms. Kramer received her MBA from the Wharton School at the University of Pennsylvania and her BA with honors from Wellesley College. Ms. Kramer has provided testimony regarding investment policy to the U.S. Senate and is a frequent speaker on the markets, portfolio management and securities fraud and compliance. Ms. Kramer is also the author of “Ahead of the Curve” (Simon & Schuster 2007) and “The Little Book of Big Profits from Small Stocks” (Wiley 2012).