Tilray Teams Up With Authentic Brands, Stock Down on Sell-Off - January 16, 2019 - Zacks.com Stock Advisor launched in February of 2002. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.41% per year. Strategic Details of the Transaction. Communications. Tilray has been working to broaden its global footprint. 3 Strong Stocks to Buy for the Second Half of Q4 and Beyond, Time to Get Greedy on Alibaba (BABA) Shares, 7 Must-Buy Growth Stocks as Vaccine Rally Fades. Recent news which mentions Authentic Brands Group. See you at the top! SUB-INDUSTRY. Let's conquer your financial goals together...faster. The agreement with Authentic, which owns more than 50 brands, will enable Tilray to reach new consumers across the entertainment, fashion, beauty, home and health, and wellness markets. ZacksTrade and Zacks.com are separate companies. The company is a global pioneer in the research, cultivation, production and distribution of medical cannabis and cannabinoids. Your browser will redirect to your requested content shortly. Although the legal market for medical cannabis is in its early stages, it has huge potential. January 16, 2019. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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What We Do LEARN MORE. J.C. Penney (OTC:JCPN.Q) could have a third buyer riding to its rescue, participating in a buyout rather than allowing its bankruptcy to potentially continue to liquidation, according to a weekend report by Bloomberg. Nevertheless, Tilray has gained 270.1% in the past six months, against the industry’s decline of 11.8%. Business Insider quoted WeWork CEO Sandeep Mathrani as saying Authentic's involvement in the deal will benefit J.C. Penney with "an entree into many of the brands that Authentic controls.". Canopy Growth Corp. (CGC - Free Report) and Cronos Group are among the other companies that primarily focus on cannabis products. 0. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The monthly returns are then compounded to arrive at the annual return. Real time prices by BATS. Canada-based Tilray produces marijuana. AnheuserBusch InBev SANV (BUD) - free report >>, Canopy Growth Corporation (CGC) - free report >>. Zacks Ranks stocks can, and often do, change throughout the month. This includes personalizing content and advertising. FOUNDED. The firm strategically transforms and drives growth in market-leading businesses and has led the investment of $8.7 billion in more than 30 businesses and 100 consumer brands across North America and Europe. Both the companies have entered into a long-term revenue sharing agreement to market and distribute a portfolio of consumer cannabis products within Authentic’s brand portfolio in jurisdictions where regulations permit. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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Recent news which mentions Authentic Brands Group, Mall Operator Simon And Authentic Brands Jointly Make $305M Stalking Horse Bid For Bankrupt Brooks Brothers, Nordstrom Enters New York City As Barneys Is Sold, Authentic Brands taps Tyra Banks as global ambassador of Nine West, BlackRock buys large stake in Sports Illustrated owner, 'Rebranding Reebok': Experts Weigh In On Shaq's Interest In Footwear Nameplate, Meredith Sells Sports Illustrated To Authentic Brands Group For $110M, How Topicals Are Bringing CBD To Mass Retail Customers, Green Growth Brands Subsidiary To Work With Authentic Brands, Tilray On Line of CBD-Infused Products, Green Growth Brands expands to Arizona, plans line of Greg Norman CBD products, Tilray Signs Revenue Sharing Agreement With Authentic Brands Group For Cannabis Production, Distribution, Court approves sale of Heritage Home Group headquarters in High Point, Heritage Home Group completes auction of remaining brands, awaits court approval, Heritage Home Group warns of potential layoffs in High Point, Thomasville, Acquisition of Heritage Home Group brands cleared by bankruptcy court, Heritage Home Group signs agreement with bidder for Thomasville & Co. and Broyhill brands, Kohl's adds Nine West to its brand portfolio, VF Corp. completes acquisition of footwear brand, Priscilla Presley, David Porter to premiere Elvis HBO film at SXSW, Elvis Presley Enterprises, Inc/ (Memphis, TN), Muhammad Ali Enterprises sues Fox over Super Bowl promo, Muhammad Ali Enterprises sues Fox for $30 million, Retail: Coach considers bid for Jimmy Choo, Aeropostale’s consortium owners just created a new retail model, Bankrupt Aeropostale to keep 75 percent more stores open, Court approves $243M Aeropostale sale, saving 7K plus jobs, Aeropostale stores gets potential lifeline with late bid. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. For over three decades, our Strong Buy list has averaged returns more than twice the market. Zacks Equity Research Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. Under the new agreement, Tilray will collaborate with Sandoz to increase the availability of high-quality medical cannabis products across the world. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. To learn more, click here. The initial focus is on marketing opportunities of cannabidiol (CBD) in Canada and the United States, subject to applicable and brand appropriate regulations. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. 0. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Last month, Tilray announced that its subsidiary, Tilray Canada Ltd. has entered into a global framework agreement with the generic arm of Novartis (NVS - Free Report) , Sandoz AG, expanding the current collaboration. 0. Is Authentic Brands in hot pursuit of American Apparel? We use cookies to understand how you use our site and to improve your experience. 0. Did you earn +24.41% a year like the Zacks Rank? NASDAQ data is at least 15 minutes delayed. Moreover, Tilray will have the right to receive up to 49% of the net revenues from cannabis products bearing Authentic brands, with a guaranteed minimum payment of up to $10 million annually for 10 years, subject to certain commercial and/or regulatory milestones. A recent pick, Maxar, skyrocketed +178.7% in 3 months. Even if it doesn't contribute directly to the $1.75 billion purchase price, Authentic Brands Group would bring the value of its prominent brands to J.C. Penney's new lease on life. INDUSTRY. If you do not, click Cancel. If you wish to go to ZacksTrade, click OK. New Frederick’s of Hollywood’s owner sets out to make iconic brand mainstream, Duly Noted: City inadvertently releases detailed taxi driver data (Video), Juicy Couture closes Sacramento-region stores. According to details supplied by Business Insider, citing two anonymous sources close to the matter, Authentic is in "talks" with Brookfield and Simon, but may contribute its brand lineup rather than participating monetarily in the purchase of the retailer.