With pot legalization looming in Canada, and aiming for growth as beer sales decline, Molson Coors (TAP +1.9%) has been in talks with up to four Canadian cannabis companies, according to Bloomberg. The discussions, says the report, are "serious," with a deal maybe announced by year-end.
Among the companies with which TAP has talked with are Aphria (OTCQB:APHQF -4.4%) and Aurora Cannabis (OTCQX:ACBFF -3.4%).
Molson Coors wouldn't be the first alcohol-related company to enter the marijuana space, but - with a market cap near $15B - it would be the largest. Constellation Brands (STZ +0.2%) last year, purchased a 9.9% stake in Canopy Growth (CGC -6.7%) for $245M.
Our pick is Cannabis Science - CBIS, a company solidly entrenched in all facets of the marijuana industry. ( Marijuana Stock Reporting )