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Canada, which became the world’s first major country to fully legalize the recreational use of cannabis in October, is expected to approve cannabis-based products including beverages and edibles in October 2019 brooks brothers cufflinks uk online. “It’s too early to know how big cannabinoid-based beverages will be but we think it’s a massive opportunity and it’s something we’re interested in investing aggressively in,” Tilray’s Chief Executive Officer Brendan Kennedy told Reuters on Wednesday..
AB InBev and Tilray said they each plan to invest up to $50 million to research drinks with cannabidiol, or CBD, a component of cannabis that does not cause intoxication, and tetrahydrocannabinol, or THC, the substance that makes people high. Discussions about commercialization are likely to follow, and Tilray’s objective is to have beverages ready when they become legal in Canada, Kennedy said brooks brothers cufflinks uk online. A gradual increase in legalized recreational use of cannabis for adults in U.S. states and in medical cannabis around the world has sparked investment and partnership deals for Canadian companies..
On Tuesday, Tilray said it will work with Sandoz AG, a unit of Swiss drug company Novartis AG (NOVN.S), to develop and distribute medical marijuana world-wide brooks brothers cufflinks uk online. Tilray is also exploring opportunities to make acquisitions in 2019, both within and outside the cannabis space, Kennedy said. In the cannabis industry’s largest investment, Corona beer maker Constellation Brands (STZ.N) added $4 billion to its $200 million investment in Canopy Growth (WEED.TO) in August to help fund the Canadian cannabis producer’s global expansion..
NEW YORK (Reuters) – Billionaire investor Warren Buffett is cutting ties with a Canadian mortgage business after a nifty trade that provided the company with a potential lifeline brooks brothers cufflinks uk online. Buffett’s Berkshire Hathaway Inc (BRKa.N) is “substantially” exiting its stake in Home Capital Group Inc (HCG.TO) after selling shares back to the company, the Canadian mortgage lender and Buffett said on Wednesday. Shares of Home Capital tumbled as much as 19 percent in early trading before paring losses to trade down 13.2 percent to C$14.30 at midday..
Berkshire bought a 20 percent stake in Home Capital last year and extended a C$2 billion credit line after the Canadian company suffered a deposit exodus resembling a bank run after being accused of, and then admitting to, concealing mortgage fraud brooks brothers cufflinks uk online. Home Capital reached a settlement with the Ontario Securities Commission in June last year. [nBw8F6c4va]. Berkshire’s investment and Buffett’s vote of confidence sent Home Capital shares rallying when the investment was announced. “Buffett was brought in as a short-term stopgap,” said Marc Cohodes, a short seller betting against Home Capital, who believes the deal with Buffett did not help the average Home Capital shareholder. “He sold his name to Home Capital and the Canadian government.”..