QualityStocksNewsBreaks – Marijuana Stocks Surge as Conventional Companies Invest in the Industry through Partnerships
The Flowr Corp., a vertically-integrated Canadian licensed producer that focuses primarily on premium flower production, was recently highlighted in an article discussing the current surge of marijuana stocks on Fool.com titled, “The Only Marijuana Stock That Fell in August” authored by Sean Williams. The article attributed the rise in marijuana stocks to the approaching legalization of recreational marijuana in Canada. The second catalyst, per the article, is the growth in mainstream businesses striking up deals with major cannabis industry players. Constellation Brands, Inc. (NYSE: STZ), for instance, announced a $3.8 billion equity stake in Canopy Growth Corp. (TSX: WEED) (NYSE: CGC)…