tcan.cn – MJ Shareholders

TransCanna Holdings Inc. (TCAN) (TCAN.CN) Binding Agreement with Lyfted Farms Inc.

MJ Shareholders — Sat, 14 Sep 2019 10:46:01 +0000

TransCanna Holdings Inc. (TCAN) (TCAN.CN) Binding Agreement with Lyfted Farms Inc. – Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.

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TransCanna Holdings Inc. (TCAN) (TCAN.CN) Acquires The GoodFellas Group, LLC

MJ Shareholders — Tue, 09 Jul 2019 08:45:13 +0000

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (OTC PINK: TCNAF) (“TransCanna” or the “Company”) announces that it has signed a definitive acquisition agreement dated July 6, 2019 (the “Agreement”) to acquire The Goodfellas Group, LLC (“GoodFellas”).

GoodFellas specializes in branding, sales and marketing in the cannabis and hemp industries. In addition to the sales management team and sales force, the acquisition includes two of GoodFellas existing inhouse brands called Simple Farms and Daily Cannabis Goods. Goodfellas also represents third party cannabis brands, including Biovelle, a CBC infused coconut oil, which the Company proposes to acquire as announced in its press release dated May 3, 2019.

Simple Farms is a brand that is set out to enhance the cannabis experience with simplicity and quality. The brands signature product is the Simple Kit. A user-friendly cannabis kit engineered for the beginner cannabis user in mind.

Daily Cannabis Goods is focused on delivering consumers quality cannabis at a discount compared to competitors pricing. The Daily Classic is the brands leading SKU with three half gram pre-rolls available in their respective Sativa, Hybrid, and Indica blends.

TransCanna intends to devote all of the GoodFellas staff to representing the Company’s own brands as it brings their own brands online.

Pursuant to the Agreement, the Company will pay the holders of the Goodfellas membership interests, an aggregate of US$520,000, of which the Company has previously advanced US$358,000 in short term loans, leaving a balance of US$162,000 due at closing. The purchase price represents two times Goodfella’s revenues for the fiscal year ended December 31, 2018, as demonstrated in its audited financial statements. The Company will formally close the acquisition under the Agreement on Tuesday July 9, 2019.

The Company anticipates that upon receipt of its state transportation and distribution licenses at either the Modesto or Adelanto facilities, it will then be in the position to begin manufacturing the Daily and Simply products, as well as distributing them through the Company’s distribution platform. In the meantime, GoodFellas will continue with their third-party manufacturing and distribution relationships.

“As represented in our investor conference call last week we’ve accomplished the first goals we had previously set out to complete. Identify a scalable facility which we did through the acquisition of the 196,000 sq ft facility that recently received US eight million dollars in renovation, and retain top tier talent to manage our operations, both of which have been accomplished. The next step is to begin and close the acquisitions we’ve lined up. This starts the acquisition process,” stated Jim Pakulis, CEO of TransCanna.

“Joining forces with TransCanna will allow us to immediately leverage our products through our own internal sales force once all the licenses are in place,” states Nam Tran, Managing Member of The GoodFellas Group. “The main challenge that GoodFellas has been facing is the limitations from third party manufacturing and distribution companies to be able to provide quality services on a consistent basis. This has significantly limited our ability to expand into the majority of the dispensaries in California. However, being part of the TransCanna team will allow us to expand throughout the state.”

In other news the Company is pleased to announce that Mr. Applione has agreed to expand his role within the Company and will be responsible for all management activities throughout California. The original agreement with Mr. Applione had him responsible for all management activities within Stanislaus County only.

Additionally, the Company has amended its agreement with Umbrella Capital Group Ltd. to conduct market-making activities for the Company to extend the term of the agreement and increase their compensation. Umbrella Capital Group Ltd. is an independent financial services organization based in Toronto. Under the amended agreement, the Company increased the monthly compensation due to Umbrella under the initial three month term to seventy thousand per month and extended the term for a further additional nine months, to a full one year term, for which Umbrella will receive a monthly fee of eighty-eight thousand eight hundred dollars, all of which has been pre-paid.

The Company is also negotiating to become the key sponsor for a major cannabis expo-event in early fall in California.

Lastly, the Company has purchased two additional transportation vehicles at which time the vehicles are being customized in order to become state compliant. Once completed, the Company will have three transportation vehicles.

The Company will continue toupdate its investors and shareholders on a regular basis.

For further information, please visit the Company’s website at www.transcanna.com.

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a Canadian-based company focused on providing integrated branding, transportation and distribution services, through its wholly owned California subsidiaries, to a range of industries including the cannabis marketplace.

For further information, please visit the Company’s website at www.transcanna.com or email the Company at info@transcanna.com.

Media Contact
TransCanna@talkshopmedia.com
604-738-2220

On behalf of the Board of Directors
James Pakulis
Chief Executive Officer
Telephone: (604) 609-6199

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release contains “forward-looking statements” and “forward-looking information” as such term is defined in applicable Canadian securities laws). Except for statements of historical fact relating to Transcanna, information contained herein constitutes forward-looking statements. Forward-looking statements are characterized by words such as “plan,” “expect”, “budget”, “target”, “project”, “intend,” “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements in this news release include, but are not limited to, statements relating to completion of transactions involving Goodfellas, and the expected timing of same, statements regarding the expected benefits to Transcanna of the Goodfellas acquisition and the development and growth of its business, timing for state and county licensing and other governmental approvals required for operation, and timing for completion of capital expenditures at the Adelanto facility. Forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include (i) that Transcanna will be granted the licensing required to conduct its operations as proposed or at all, and (ii) developments, whether generally or in respect of the cannabis industry specifically, in the United States, not consistent with Transcanna’s current expectations, as well as those risk factors discussed or referred to in Transcanna’s continuous disclosure filings available at www.sedar.com. Although Transcanna has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended.

There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Transcanna does not undertake any obligation to update forward-looking statements if circumstances or management’s estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

TransCanna Holdings Inc. (TCAN) (TCAN.CN) Featured in CannabisNewsAudio Broadcast Discussing Ongoing Evolution of Cannabis Industry

MJ Shareholders — Sat, 22 Jun 2019 06:46:59 +0000

TransCanna Holdings Inc. (CSE:TCAN) (TH8.F) announces the availability of an audio press release titled, “Acquisitions Reveal the Steadily Changing Shape of the Cannabis Sector.”

The growth of the legal cannabis industry started with a scattershot approach. TransCanna is just one of many companies that have grown into the market from relatively small beginnings. Some began with entrepreneurs seeing a new industry within which to operate. Others were experienced cannabis cultivators moving from the illegal to the legal market. Still others were pharmaceutical companies dipping their toes into a new medicine and, from there, into the recreational industry.

The contrasting approaches of small innovative companies and larger efficient ones together create excellent value. That’s the point the cannabis industry is now approaching and that TranCanna’s acquisitions are a part of.

About TransCanna Holdings Inc.

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CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.

For more information please visit https://www.CannabisNewsWire.com.

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

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What Companies are We Looking At in the Marijuana Stock Market

MJ Shareholders — Sun, 26 May 2019 04:47:58 +0000

The marijuana stock market can be quite stressful to participate in if one does not fully know the ins and outs of the market. Because of this, there are several key things to note before investing. With the way that the new marijuana market is laid out, it seems as though only a few companies are receiving the spotlight when there are a lot to consider. The cannabis industry spans across several submarkets such as those that produce services for the industry, or ones that make alternative products to be sold on the open market. Whatever the company, it is most important to always do the proper research.

TransCanna Holdings Inc. (TCAN)(TCAN.CN) is a company based out of Canada that has been working as part of the service side of the market. The company operates by doing everything from integrated branding and transportation to distribution services. Because of their wide scope, they are able to have hands in a large portion of the most profitable side of the market. With this, they also have a large amount of potential for future growth given the size of the Canadian marijuana space.

Recently, the company announced that they have applied for permanent manufacturing, distribution and transportation licenses in the city of Adelanto, CA. Their choice to work out of the Californian space is by no means a coincidence as California represents the largest marijuana market in the world.

Jim Pakulis, CEO of TransCanna stated that “Our immediate focus is to be able to have our city and state licenses in place in Adelanto as soon as possible. Subsequent to the GoodFellas acquisition we will be able to prepare and package the Daily Cannabis Brand pre-rolls at the facility and then deliver the products to the dispensaries without the need to bring in a third party.” The company has also been working to become a partner in several other marijuana focused brands, which they have done through strategic partnerships. TransCanna has stated that they will continue to provide updates on their newest 196,000 square foot facility as they move throughout its future. All in all, TransCanna Holdings continues to present investors with a new and enlightened sense of opportunity in the market.

Cronos Group (NASDAQ:CRON) is considered to be one of the largest companies in the whole of the marijuana market. The company operates as a producer and as a conglomerate for marijuana and marijuana-related products. Recently, they received a sizable $1.8 billion investment from the tobacco producer Altria (NYSE:MO). This infusion of capital is quite large and has allowed them to move deeper into their goals for the future.

Investors have stated that they may not be the biggest fan of the look that Cronos Group has received by being invested in by a big tobacco company, but it does look as though they are taking a hands-off approach. Cronos Group continues to set the example for how high marijuana stocks can fly in the modern day.

TCAN

Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and TransCanna (TCAN.CN), Midam is being paid $33,000 per month for 3 months byTransCanna (TCAN.CN) for a period from February 14, 2019 to May 14, 2019. We may buy or sell additional shares of (TCAN.CN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about TransCanna (TCAN.CN)

These Marijuana Stocks Are Upping the Game Throughout the Market

MJ Shareholders — Tue, 21 May 2019 14:47:56 +0000

The marijuana stock market has been heavily dominated by companies that show their potential in the form of innovation and new products. These companies have been fighting day and night to ensure that they are giving the consumers exactly what they want. Although much of the attention is paid to the top of the industry, it seems as though there is a large amount of potential for the companies that offer ancillary services or alternative products to the space. These companies have shown their fight, and look as though they could be rewarded in the near future.

TransCanna Holdings Inc. (TCAN)(TCAN.CN) is a Canadian company that has been working on providing a large number of services to the industry. This includes everything from distortion to transportation and branding. Because they cover so many of the bases, TransCanna Holdings has been considered to be one of the cornerstones of the service side of the industry. The majority of their operations are in fact based out of the Californian market, which is the largest in the world for marijuana. Because of this strategic positioning, TransCanna Holdings is continuing to make big waves in the industry.

Recently, the company stated that they have entered into the Letter of Intent with Persuasion Brewing Co. to begin the production of CBD-infused nonalcoholic beer. The CBD beverage market has become extremely popular in recent months as many of the top companies in the industry have been working to make it a reality. The matchup of these two companies also seems to be one made in heaven as TransCanna Holdings has a new almost 200,000 square foot facility ready for production and distribution.

With the fully vertically integrated space that they have available, it seems as though the dream of large quantity CBD infused non-alcoholic beer is slowly becoming very real. Jim Pakulis, CEO of TransCanna stated that “Our 196,000-square-foot vertically integrated, cannabis-focused facility is perfectly designed to have a comprehensive bottling and canning line for multiple types of beverages. However, we firmly believe that our first beverage product subject to receipt of the appropriate licenses should be a private labeled non-alcoholic CBD-infused beer.” All in all, investors should keep TransCanna Holdings in their minds as the market continues to grow.

HEXO Corp. (HEXO) is another large Canadian company working out of the marijuana industry. The company has not made too many headlines at this point as they have remained under the radar. HEXO has shown that their equity has shot up by as much as 113% year-to-date which is quite substantial.

Additionally, their partnership with Molson Coors Brewing (NYSE:TAP) has given them the potential to begin the production of CBD-infused nonalcoholic beverages as well. With this, many have stated that they see a large amount of potential in the future of HEXO Corp. as they continue to make big waves in the new groundbreaking marijuana industry.

Beautiful and dense Marijuana buds in a mason jar laying on some cash with another jar of cannabis in the background.

Marijuana Stocks Manage To Move Forward With Stability

MJ Shareholders — Sat, 18 May 2019 16:46:14 +0000

Stability is a term not often spoken about in the world of marijuana stocks. This is due to the fact that the majority of investing that has taken place, has been quite speculative. Despite this, it looks as though we are moving toward a more stable market as it continues to mature. As we move throughout the near future, the hopes are that companies can continue to find their stride in the market and begin to flourish in greater numbers. With so many businesses working tirelessly to bring new products and innovation into the space, it seems like this is becoming more than likely.

TransCanna Holdings Inc. (TCAN)(TCAN.CN) is a Canadian based company that works on providing a large number of services to the marijuana industry as a whole. The company has mainly been focused upon working in the Californian marketplace doing everything from branding to transportation and distribution. The company does this through a series of wholly owned subsidiaries which all lie within the TransCanna Holdings umbrella. The Californian market on cannabis is one of if not the largest market for marijuana in the world. Because of this, it looks as though the company is well positioned to take advantage of the future of the industry domestically.

Recently, TransCanna Holdings signed into an LOI or letter of intent with Persuasion Brewing Co. to begin the production of CBD-infused nonalcoholic beer. CBD infused beverages have very quickly become extremely popular which just goes to illustrate why TransCanna Holdings is so interested in getting into this side of the market.

The two companies have stated that they plan to build out a recently purchased almost 200,000 square foot facility that will have a large division just for Persuasion Brewing Co. The goal is to create a line of new products all being under the masthead of nonalcoholic, CBD-infused beer. under the agreement is a three year commitment from the brewing company, with TransCanna allocating funds for the purchase of equipment in exchange for a percentage of sales to dispensaries.

Jim Pakulis, CEO of TransCanna Holdings stated that “Our 196,000-square-foot vertically integrated, cannabis-focused facility is perfectly designed to have a comprehensive bottling and canning line for multiple types of beverages. However, we firmly believe that our first beverage product subject to receipt of the appropriate licenses should be a private labeled non-alcoholic CBD-infused beer.”

OrganiGram Holdings (NASDAQOTH:OGRMF) is one of the key Canadian growers of marijuana. The company has worked tirelessly to produce a market cap north of $1 billion. Although there have been some undersupply worries within the Canadian marijuana market, OrganiGram looks like they are fighting to ensure that this is not the reality.

With a peak output of nearly 100,000 kilograms per year, OrganiGram Holdings remains one of the preeminent marijuana growers in the industry. Investors should continue to keep a close eye on the company as they move toward their future goals and the goals of the industry overall.

Cannabis and CBD Infused Products Continue to Be Met With Open Arms for Marijuana Stocks

MJ Shareholders — Sun, 12 May 2019 00:45:23 +0000

Although much of the attention in the cannabis market has been paid to the companies at the top who are the large producers of the raw substance, it seems as though there is a large amount of potential for the companies working to produce cannabis-infused products and products infused with CBD.

These products have seen a large amount of success in both the medicinal side of the industry as well as the health and wellness sector. As many businesses try to catch up to the potential of this market, it seems as though some players are already reaching the top.

TransCanna Holdings Inc. (TCAN)(TCAN.CN) is a Canadian based company that has been working to provide everything from branding, transportation and distribution services as well as products through their California subsidiaries. The fact that they operate out of California gives them a large amount of potential as the Californian industry is projected to be the largest in the world in terms of marijuana revenue. Although they are mainly a services company, they have been working to partner with various businesses to begin putting products out into the market.

The company recently announced that they have signed into a Letter of Intent with Persuasion Brewing Co. to begin the production of CBD-infused nonalcoholic beer. Persuasion Brewing Co. which is a private brewing company located in Modesto, CA is known for their commitment to quality and high standards. The companies have decided that they will create a vertically integrated facility within their recently acquired 196,000 square foot facility located also in the Californian market.

With the partnership, they should begin to produce a large amount of various CBD infused beverages that do not contain alcohol. The LOI that they have agreed to also stated that TransCanna has exclusive rights to the products produced in the facility which puts them in quite a solid position.

Jim Pakulis, CEO of TransCanna Holdings stated that “our 196,000 square foot vertically integrated, cannabis-focused facility is perfectly designed to have a comprehensive bottling and cannabis line for multiple types of beverages. However, we firmly believe that our first beverage product subject to receipt of the appropriate licenses should be a private labeled non-alcoholic CBD-infused beer. We believe it’s the least expensive method to generate the greatest margins as quickly as possible.”

KushCo Holdings (OTC:KSHB) is another company working out of the ancillary market on cannabis. The company has been working to provide businesses with the best packaging available for a wide range of solutions. KushCo is known as one of the preeminent parts of this business as they have been working to overcome the stringent regulations on what packaging needs to be.

The company has also stated that they have plans to move into the branding and solutions side of the industry as well. KushCo, with a market cap north of $550 million, continues to be an interesting company to keep a close eye on for the future of the marijuana market.

TransCanna Holdings Inc. (TCAN) (TCAN.CN) Featured in CannabisNewsAudio Broadcast Discussing Keys to Cannabis Success

MJ Shareholders — Sat, 11 May 2019 04:45:21 +0000

announces the TransCanna Holdings Inc. (CSE:TCAN) (TH8.F)availability of a CannabisNewsAudio Broadcast titled, “Full-Spectrum Seed-to-Sale Model, Quality Branding Key to Cannabis Success.”

To hear the CannabisNewsAudio version, visit: http://cnw.fm/T6Azr

To read the full editorial, visit: http://cnw.fm/l07RO

Last year was a year of maturation for the cannabis market. The market growth resulted from retailers in nine legal adult-use states being pushed beyond the sector’s historically core demographics, targeting fast-growing new segments such as women, with an emphasis on elements such as wellness and clearly labeled/low-dose alternatives. That trend was reinforced with CBD breaking out into the mainstream, as industrial hemp became legal throughout the United States, and cannabis companies looked for ways to stand out from the crowd.

Founded in 2017 with the goal of genuine seed-to-sale capability and rapidly acquiring a bevy of premium cannabis brands, Vancouver-based TransCanna Holdings Inc. (CSE:TCAN) (TH8.F) is pursuing a true “self-contained ecosystem” approach to the sector via its California-based, wholly owned subsidiaries. TransCanna is intent on ensuring maximum brand consistency by handling every aspect of the production process — from procurement and branding and design through to distribution, transportation, marketing and sales.

About TransCanna Holdings Inc.

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Forward-Looking Statements

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May Has Even More Good News for Marijuana Stocks

MJ Shareholders — Tue, 07 May 2019 20:46:37 +0000

The marijuana industry during the second week of May has seen a solid amount of stability. While stability has not been a characteristic of the industry for quite some time, it seems as though it has steadily been introduced in greater numbers over the past year or so. Many of the top companies within the industry are those who produce large quantities of the substance. This, however, does not take into account the large amount of potential with the companies that offer alternative services to the market. These companies have a lot to offer, and should definitely be given a second look.

TransCanna Holdings Inc. (TCAN)(TCAN.CN) is a company based out of Canada, that has been working to offer a large range of services to the companies that operate within the cannabis market. The company has several subsidiaries, but most importantly their California location has helped to reach one of the largest marijuana markets in the world. The company states that they offer integrated branding, transportation, and distribution services through various wholly-owned subsidiaries.

Recently, the company announced that they have secured a 10,000 square foot facility in Adelanto, CA. The new facility is led under a sublease agreement that would allow them the use of the multipurpose facility which has been shown to be of superior quality and includes armed security personnel. Jim Pakulis, CEO of TransCanna stated that “As we’ve represented since the commencement of TransCanna, it’s crucial to have a main facility, which we now have with the acquisition of the 196,000 square foot vertically integrated facility in Modesto, and up to five satellite facilities located strategically throughout the state.”

Pakulis went on to state that “This is in preparation for TransCanna to provide our clients with up to fifteen reliable, consistent branded products in a timely manner. In order to do that to scale, we needed to have a significant size nursery, grow, manufacturing, bottling, baking, extracting, and transportation and distribution facility and satellite offices, which we now have. Separately but related, we negotiated lease terms that are approximately thirty percent below market rates, with the added benefit of a completely fenced complex and armed security guards present at all times.” This new facility should give them a large benefit as they continue to move to the top of the services side of the cannabis industry.

HEXO Corp. (NYSEMKT:HEXO) is considered to be one of the largest marijuana companies in the whole of the industry. The company builds a strong case for themselves due to not only their low valuation but their revenue as well. The company is worth around $1.6 billion with an annual revenue year-on-year of around $10 million.

With the production capacity to grow as much as 150,000 kilograms per year, it seems as though they are poised for a large amount of growth. Additionally, they also have a supply agreement with the province of Quebec which should help with any overproduction concerns in the near future. Investors should continue to keep an eye on HEXO over the coming months to years.

Marijuana Stocks to Hold on to as the Industry Shifts

MJ Shareholders — Sun, 14 Apr 2019 02:45:44 +0000

The marijuana industry is chock full of opportunity considering both how infant the market is, and how much potential it has as the space continues to grow in the near future. While the majority of the top spots have been taken over by the companies that grow the substance, it seems as though it’s worth noting that there are a large range of companies throughout the industry that ascribes to other forms of doing business within cannabis. Regardless, the marijuana market is continuing to change as the future comes on quite quickly.

TransCanna Holdings (TCAN.CN) is one of the leading Canadian companies working on creating a fully integrated brand that does everything from branding to transportation and distribution in the Californian cannabis market. The company has several wholly-owned subsidiaries that they work with to create their vertically integrated brand, which all help to illustrate their potential.

The company recently announced that they have acquired a facility with around 200,000 square foot of space. They stated that they are closing escrow for the acquisition of the space which is based in California, and should be ready to grow in a short period of time.

TransCanna Holdings has also stated that they are on course to becoming one of the key players in the aforementioned Californian market and are working on becoming the owner of a new cannabis production facility based on 6.5 acres of land. Additionally, they have also stated that they are working on closing a $10 million private placement which would allow them to have access to some much-needed capital for future growth.

TransCanna Holdings has seen their shares shoot up by as much as 300% for the year alone, and has no signs of slowing down any time soon. The stock currently sits at around CA$5.75 which is up substantially from the same time last year. The company is mostly considered to be a logistics business, but they offer various services in Canada and California as well as working on producing everything from packaging and processing of the substance. All in all, TransCanna Holdings continues to put itself at the forefront of one of the fastest growing markets of the past five or so years.

Constellation Brands (NYSE:STZ) is also considered to be an ancillary player in the marijuana market. The company made headlines several months ago after placing an almost $4 billion investment into Canopy Growth (NYSE:CGC) which gave them an almost 40% stake in the company.

Although they do not themselves grow cannabis, they are working to become one of the major players in the infused beverage industry using cannabis as one of the main ingredients. Constellation currently is working to build out these new lines of products, and currently sits at around 20 times forward earnings. Constellation Brands continues to live up to its reputation as a company to keep a close eye on as the marijuana market moves to soar in the near future.