A big tobacco company will buyout a cannabis producer ?

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Today, major cannabis companies have experienced a major increase following a rumor that a big tobacco company is going to buy one of them.

According to some sources, the rumor would be reliable and come from influential people in the industry and a major New York firm.

Some title today:

  • HEXO + 4.49%
  • WEED + 5.63%
  • ACB + 3.13%
  • APHA + 3.46%
  • OGI + 3.02%
  • TLRY + 17.26%

The rumor is particularly about the Tilray company which had the biggest increase today, 17%.

This rumor comes as Tilray has just suffered a drop from Cowen Research on the target price of $150 which is now $60.

Maybe this rumor will give strength to the market that has suffered a dip during the summer period. Do not forget that the edibles is coming fast and should give the market a second wind, according to several experts

This article is written and published by The Cannabis Stock

Disclaimer : The Cannabis Stock wants to promote the cannabis market with the best publication on the market. The Cannabis Stock does not recommend selling or buying any of the company mentioned and is not responsible for any losses that may result.

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