August 27, 2018 / 2:57 PM / in 2 years

BUZZ-Marijuana stocks: Smoking as M&A chatter, supply deals continue

** Shares of cannabis producers climb as Nova Scotia Liquor Corp announces purchase orders from a number of companies and on a report that snack food makers are hunting for cannabis partners

** Consumer packaged firms are showing a lot of interest in the cannabis space, an industry consultant tells BNN Bloomberg TV here, which on Friday reported Diageo was in talks with at least 3 Canadian cannabis producers

** Also, Nova Scotia Liquor Corp places orders with 14 cannabis producers to supply the province with various cannabis products ahead of launch of adult-use market on Oct. 17

** Cronos Group, jumps 18.8 pct to another record high, with 2-day gains at 38.5 pct

** Tilray climbs 15.8 pct, also to a record high, with 2-day gains at 33 pct

** Aphria surges 12.7 pct, with 2-day gains at 37.5 pct

** Aurora Cannabis up 5.8 pct, with 2-day gains at ~13 pct

** Gains more modest in Canopy Growth , top Canadian cannabis producer in which Corona maker Constellation Brands said it would invest another $4 bln

** WEED up 1.4 pct on the day, with 2-day gains at ~9 pct

** Since the Constellation deal was announced on Aug. 15, Horizons Marijuana Life Sciences ETF has surged ~45 pct and U.S.-listed ETFMG Alternative Harvest ETF has jumped ~33 pct

** YTD, HMMJ is up 11.5 pct and MJ is up ~3 pct (Reporting by Savio D’Souza)

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