August 15, 2018 / 2:55 PM / 4 months ago

BUZZ-Weed stocks rebound as Corona maker pumps $4 bln more into Canopy Growth

** Shares of Canadian cannabis companies gain after Corona beer maker Constellation Brands says it will invest a further $4 bln in Ontario-based cannabis producer Canopy Growth ** Announcement comes day after weed stocks fell on news that Ontario will delay start date of recreational cannabis sales in the province

** Shares of Canopy Growth jump 25.6 pct, its U.S.-listed shares gain ~25 pct

** STZ had previously invested ~$200 mln into WEED last year but latest announcement makes it by far biggest investment in industry

** Aurora Cannabis adds 16.5 pct, while Aphria rises 10.2 pct, shares of Tilray gain 12.7 pct, while Green Organic Dutchman climbs 1.4 pct, Cronos Group, jump ~7 pct

** Horizons Marijuana Life Sciences ETF jumps 7.4 pct, set for its best day in over six months, while U.S.-listed ETFMG Alternative Harvest ETF rises 4 pct (Reporting by Shreyashi Sanyal in Bengaluru)

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