August 24, 2018 / 2:14 PM / 3 months ago

BUZZ-Weed shares soar on report Diageo is eyeing a deal

** U.S. shares in weed companies climb on Friday led by Cronos Group after BNN Bloomberg TV report Diageo, the world's largest spirits company, is in talks with at least three Canadian cannabis producers as it considers a possible investment or alliance with a view to making cannabis-infused drinks bit.ly/2BHzl7b

** Cronos shares last up 11.6 pct at $9.53. Trading volume 1.0 times 10-DMA. Between close of Aug 14 and Aug 23 Cronos had risen more than 51 pct

** Tilray Inc shares up 9.4 pct at $41.85; stock hit fresh record high of $42.43 in session

** Canada’s top cannabis producer Canopy Growth last up 5.7 pct at $43.87; Corona beer maker Constellation Brands announced on Aug 15 it would invest another $4 bln into Canopy to capitalize on booming demand for marijuana

** On Thursday, Canopy continued gains on VC arm’s update on go-public plan

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