September 5, 2018 / 6:59 PM / 3 months ago

BUZZ-Marijuana stocks rise on Constellation Brands comments

** Tilray shares up 22 pct at $94.35 touching a record high in late trading on Wednesday

** Cronos Group up 17 pct, also at record high

** Other weed cos also rise: Canopy Growth Corp, up 3 pct, Aphria 3.8 pct and Hexo up 3.3 pct

** Constellation Brands top executives, at a Barclays conference, say the cannabis market will “undoubtedly” develop in the U.S. and other countries around the world

** Execs say U.S. cannabis market could be in different place federally in near future

** Since the STZ’s $4 bln investment in WEED was announced in August, marijuana stocks have surged; Horizons Marijuana Life Sciences ETF up some 45 pct in the last 1 month; ETFMG Alternative Harvest ETF up 31 pct

** TLRY has more than quadrupled in value since its July IPO (Reporting by Uday Sampath in Bengaluru)

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