Publicly-Traded Global Tobacco Company Bets on Cannabis

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Alliance One International (NYSE: AOI), a global contractor, processor and supplier of tobacco, announced today that it is entering the U.S. industrial hemp industry and taking controlling stakes in two Canadian cannabis companies, Canada’s Island Garden, a licensed producer, and Goldleaf Pharm, an applicant. The company issued a press release detailing the moves after the close of business today. The investments into Canada represent the second cross-border investment by a U.S publicly-traded company into Canada’s legal cannabis industry after the C$245 million investment by Constellation Brands (NYSE: STZ) into Canopy Growth (TSX: WEED) (OTC: TWMJF) last October.  READ MORE HERE  

 

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