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Trading Strategies: Which Company Will Be the Google of Cannabis?

Video Credit: The Street - Duration: 00:56s - Published < > Embed
Trading Strategies: Which Company Will Be the Google of Cannabis?

Trading Strategies: Which Company Will Be the Google of Cannabis?

What are you smoking?

The cannabis space is still the wild west.

Real Money's Kevin Curran, who has covered the sector extensively, is watching to see which company carves out its space as the next Google .

Because, as Curran points out in this week's Trading Strategies podcast, Google wasn't the first search engine to be created.

Only the most successful.

Tilray hit the newswires on Friday, Jan.

11 after the biggest stakeholder in the company, Privateer Holdings, announced that it would hold onto shares until at least the second half of the year.

"We do not have plans to register, sell or distribute the shares Privateer holds in Tilray during the first half of 2019," Privateer managing partner Michael Blue said in a statement.

"When we decide to distribute shares, we will do so in an orderly and deliberate manner to maximize tax-efficiency considerations for Privateer investors, while also taking into consideration potential impacts on Tilray's public float.

And we will do it in a way that reflects our long-term confidence in Tilray's business model and management team."

Last month, Tilray and AB InBev's unveiled a new research partnership that will explore non-alcoholic beverages that contain THC and CBD, both key chemicals found in marijuana but with very different purposes.

The beginning of the week saw Constellation Brands fall to a two year low after posting weaker-than-expected quarterly earnings.

The company also announced a muted outlook that was pegged to rising costs associated with its $4 billion investment in cannabis specialists Canopy Growth Corp.

The company has since rebounded after an analyst upgrade.

Bill Newlands, the incoming CEO of Constellation, called the global cannabis market "the most significant global growth opportunities of the next decade, and frankly, our life time" adding that it was "opening up much more rapidly than originally anticipated."

Follow us on Twitter @TheStreet; TheStreet: Investing Strategies on Youtube or check out our podcasts on SoundCloud at TheStreetLive.

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