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Philip Morris stock has been a success story in 2019, and Wells Fargo argues that a recent dip in the shares represents a buying opportunity.
Rite Aid's (RAD) first-quarter fiscal 2020 results should gain from growth initiatives, and momentum in retail and pharmacy businesses. However, a bleak outlook raises concerns.
General Mills (GIS) is poised to gain from its core strategies to drive sales growth. Also, its robust cost-saving measures should offer cushion from input cost inflation in Q4 earnings.
NIKE (NKE) boasts an impressive earnings record, driven by solid execution of Consumer Direct Offense. But currency headwinds might play spoilsport in fourth-quarter fiscal 2019.
Kroger (KR) is making investments to expand grocery offerings and e-commerce presence. However, incremental investments may keep margins under pressure.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
(Bloomberg) -- Molson Coors Brewing Co.’s cannabis joint venture plans to start selling multiple types of pot beverages on Canadian shelves the first day they can legally be sold, though they won’t contain alcohol.The maker of Coors Light has partnered with Gatineau, Quebec-based Hexo Corp. to make a variety of non-alcoholic, cannabis-infused drinks for the Canadian market. The joint venture, called Truss, will have “lots of different beverages” for sale on Dec. 16, when the beverages become legal in Canada, said Jay McMillan, Hexo’s vice president of strategic development.“We’ll have a very large supply so we’ll be in a good position to be able to meet the demand of the marketplace and at the same time also ensure that we’re meeting the variety that the marketplace wants,” McMillan said in an interview on the sidelines of the World Cannabis Congress in Saint John, New Brunswick.Guessing GamePot-infused drinks are sold in U.S. states though the regulations remain fuzzy. Makers of cannabis drinks have to play a bit of a guessing game about consumer tastes, as those currently on the market in the U.S. states often take a long time for the high to kick in, and can taste like “bong water,” McMillan said.Truss plans to offer everything from water to a “beer-like product” and maybe even hot beverages. It has flexible production lines so it can pivot if one type of beverage isn’t selling, he said.It’s also looking at selling CBD-infused beverages in the U.S., which legalized the non-intoxicating substance late last year, with the goal of having products in eight states by 2020.Canada will add edibles, beverages, vape pens and topicals to its list of legal cannabis products this fall, but they won’t be available on shelves until Dec. 16 at the earliest. Its regulations for the new formats include the stipulation that alcohol-related terms like “beer” and “wine” can’t be used to market pot drinks.“You’re going to have to call it a cannabis-infused yeast extract,” Darrell Dexter, executive director of the Cannabis Beverage Producers Alliance and former premier of Nova Scotia, joked in a panel discussion.To contact the reporter on this story: Kristine Owram in Toronto at firstname.lastname@example.orgTo contact the editors responsible for this story: Brad Olesen at email@example.com, ;David Scanlan at firstname.lastname@example.org, Jacqueline ThorpeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Wells Fargo argues that Altria’s recent price increases demonstrate the tobacco giant’s pricing power—and its ability to compete even in the face of e-cigarette popularity.
Today we will run through one way of estimating the intrinsic value of Las Vegas Sands Corp. (NYSE:LVS) by projecting...
Boston Beer (SAM) gains from momentum in shipment volume and depletion, driven by its three-point growth plan. This places it ahead of peers in an otherwise struggling alcohol industry.
(Bloomberg) -- Budweiser Brewing Company APAC Ltd., the Asia Pacific unit of the world’s biggest brewer, starts gauging investor demand Monday for a proposed Hong Kong initial public offering.The arm of Anheuser-Busch InBev SA tentatively plans to meet investors through June 28, according to terms for the deal obtained by Bloomberg. The offering could raise at least $5 billion, people familiar with the matter have said.At $5 billion, the share sale would be the city’s second biggest this year if Alibaba Group Holding Ltd. goes ahead with its Hong Kong listing that could raise as much as $20 billion. The Chinese e-commerce giant filed confidentially with the city’s exchange to sell shares, Bloomberg New reported last week.Budweiser plans to use all the proceeds from the Hong Kong offering to repay debt in Korea in full and a shareholder loan to AB InBev partially, the terms show.Morgan Stanley and JPMorgan Chase & Co. are joint sponsors for the offering, according to a preliminary prospectus filed to the Hong Kong stock exchange.To contact the reporter on this story: Crystal Tse in Hong Kong at email@example.comTo contact the editors responsible for this story: Fion Li at firstname.lastname@example.org, Colin KeatingeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Which stock wins in a battle between the biggest cannabis producer by market cap and the biggest supplier to the cannabis industry?
If you want to know who really controls Constellation Brands, Inc. (NYSE:STZ), then you'll have to look at the makeup...
Disappointed with its latest quarterly results? The cannabis producer's CEO identified plenty of good news that should be on the way.
Las Vegas Sands, Wynn Resorts and Red Rock Resorts -- have ties to Republicans through donations or high-profile political involvement by executives such as Las Vegas Sands Corp. Chairman Sheldon Adelson. “On the issues we care deeply about at a corporate level -- diversity and inclusion, sustainability, community engagement -- we have found more of an alignment with the current Democratic officials,” MGM Resorts International Chief Executive Officer Jim Murren said in an interview, while pointing out that the company also supports Republicans in tune with its interests.
Constellation Brands (STZ) closed at $189.18 in the latest trading session, marking a -0.07% move from the prior day.