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Only Time Will Tell Us Who Has Made The Better Move In The Cannabis Sector……big Alcohol Or Big Tobacco

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Only Time Will Tell Us Who Has Made The Better Move In The Cannabis Sector……Big Alcohol or Big Tobacco

Submitted by Marijuana News on Wed, 04/07/2021 - 10:01

Big tobacco has been behind the curve with the legal cannabis industry thus far and seems to be following the footprint of big alcohol. Companies such Constellation Brands, Inc. (STZ) and Molson Coors Beverage Company (TAP) have executed major agreements with Canadian LP’s that are starting to look like brilliant moves. 

Big tobacco’s recent foray into the Canadian cannabis industry shows that a change of tides is occurring at some of the highest levels of big business. 

Most recently, British American Tobacco plc (NYSE: BTI) announced an investment in Organigram Holdings Inc. (Nasdaq: OGI) (TSX: OGI), a mid-tier Canadian Licensed Producer. In 2014, we started to cover Organigram and have watched the business overcome a radical change in management, a large contamination issue, and have been impressed with the continued level of execution by the current CEO.

Source: https://420intel.com/articles/2021/04/07/only-time-will-tell-us-who-has-made-better-move-cannabis-sector%E2%80%A6%E2%80%A6big-alcohol-or

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