Deals
Canadian Pot Stocks Jump After Diageo Reported Discussing Deal
- BNN Bloomberg says U.K. spirits maker looking at pot drinks
- ‘They cannot ignore this space,’ GMP Capital banker says
Marijuana stocks including Aurora Cannabis Inc. jumped in Toronto after BNN Bloomberg TV reported Diageo Plc is holding discussions with at least three Canadian cannabis producers about a possible deal.
The U.K. spirits maker has met companies in the past month as it considers a possible investment or alliance to make cannabis-infused beverages, the Canadian television station said on its website, citing people close to the situation who it didn’t identify. One executive told BNN a deal may take months, while another said a deal may be close.