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Cannabis-related stock roundup highlights Altria, Jazz and Village Farms
The list notes Altria holds stakes in JUUL Labs and Cronos, while Village Farms says it reported Q1 2020 revenue and has been profitable for a fifth straight quarter.
Benzinga compiled a “best CBD oil stocks” list that spotlights several companies tied to the cannabis and related industries, including Altria, Jazz Pharmaceuticals, and Village Farms International.
The roundup describes Altria’s corporate structure and investments, including its plan to wind down Philip Morris Capital by the end of 2022, a 10% interest in Anheuser-Busch InBev, a 35% economic interest in JUUL Labs, and a 42% stake in Cronos. It also outlines Altria’s U.S. tobacco brands, including a 43% Marlboro share in 2020.
For Village Farms International, the write-up characterizes the company as a greenhouse grower and distributor of premium cannabis, and it cites a market cap of $288 million and trading activity of over 1 million shares per day. The roundup also says the company generated total revenue of $144 million in 2019 and that it recently reported Q1 2020 revenue, while declaring it has had a profitable business for a fifth consecutive quarter.