DavidsTea Stock Rises Over Speculation On Marijuana Deal

With the cannabis business booming right now, it seems like every company associated with marijuana is experiencing a bit of a value bump (well, except maybe Tesla).

This trend was taken further this week after stocks for the Canadian beverage company DavidsTea Inc received a bit of a pot push over speculations that the company may consider partnering with cannabis companies in the future.

It’s been rumored that Canadian cannabis companies have been meeting with beverage makers in recent weeks, leading some to assume that DavidsTea will jump on the opportunity to collaborate.

This news comes after a considerable dip in the tea maker’s stocks last week when a major shareholder unloaded a number of shares due its critical view of the company’s co-founder. These recent gains suggest that such a partnership might be a smart move going forward.

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When former Dallas Police Officer Amber Guyger was sentenced to 10 years in prison for the murder of Botham Jean on October 3, 2019, the public reaction was a combination of relief and exasperation. The case starkly reflects the flaws in the current landscape of American criminal justice: Guyger, who is white, killed Jean, a 26-year-old black man, while he was relaxing after work in his living room. Guyger invoked Texas’ "Stand Your Ground" law, claiming she was justifiably scared for her life when she wandered into his unlocked home after work, mistaking it for hers in the same apartment complex.

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