Commodities and Gold

Canopy Looks Good to its Parent

Canopy Growth Corp. (NYSE:CGC) had a great week for once, gaining 5% as investors ponder the odds that the cannabis giant will get a few good words from corporate parent Constellation Brands Inc. (NYSE:STZ) next week.

Constellation has struggled over the years to justify its $4 billion investment in Canopy. Ambitious talk about cannabis-enhanced beer and other beverages simply hasn’t turned into anything yet.

But with the brewing business on the global skids and Constellation’s flagship brand Corona hit especially hard by its alleged association with the virus, management will need to come up with good news regarding some aspect of the company. Cannabis is a likely suspect there.

If so, investors will cheer. And those who have steered clear of Canopy while waiting for Constellation to establish a strategic plan will finally have a reason to come back.

I hope so. Canopy is the biggest player in the cannabis space, the equivalent of one of the FAAMG giants of Silicon Valley. Once we can see daylight here, the rest of the group will have room to follow.

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Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. The Financial Times describes Ms. Kramer as “A one-woman financial investment powerhouse” and The Economist distinguishes her as “one of the best-known investors in America”. Ms. Kramer is often quoted in publications such as the Wall Street Journal, New York Post, Bloomberg, and Reuters. She is a frequent guest commentator on CNBC, CBS, Fox News and Bloomberg, providing investment insight and economic analysis. Ms. Kramer was an analyst and investment banker at Morgan Stanley and Lehman Brothers. Ms. Kramer founded and ran a long-short hedge fund and has been chief investment officer overseeing debt and equity portfolios. Since 2010, Ms. Kramer’s financial publications have provided stock analysis and investment advice to her subscribers. Her products include GameChangers, Value Authority, High Octane Trader, Triple-Digit Trader, 2-Day Trader, IPO Edge and Inner Circle. Ms. Kramer, a Certified Fraud Examiner, has also testified as an expert in investment suitability, risk management, compliance, executive compensation, and corporate governance. Ms. Kramer received her MBA from the Wharton School at the University of Pennsylvania and her BA with honors from Wellesley College. Ms. Kramer has provided testimony regarding investment policy to the U.S. Senate and is a frequent speaker on the markets, portfolio management and securities fraud and compliance. Ms. Kramer is also the author of “Ahead of the Curve” (Simon & Schuster 2007) and “The Little Book of Big Profits from Small Stocks” (Wiley 2012).