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MarketScreener Homepage  >  Equities  >  Nyse  >  CVS Health Corporation    CVS

CVS HEALTH CORPORATION

(CVS)
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Kroger to start selling cannabis-based products

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06/11/2019 | 05:38pm EDT
The Kroger supermarket chain's headquarters is shown in Cincinnati

(Reuters) - Kroger Co said on Tuesday it would start selling cannabis-based products in 945 stores, joining the growing number of retailers that are trying to tap the demand for cannabidiol (CBD) products.

The Ohio, Cincinnati-based company will sell products containing hemp-derived CBD such as creams, balms and oils at its stores spread across 17 states, the company said.

CBD is the non-psychoactive chemical found in marijuana and does not cause intoxication.

Kroger joins retailers like Walgreens Boots Alliance Inc, CVS Health Corp and Vitamin Shoppe Inc in selling CBD products in some of their stores.

(Reporting by Soundarya J in Bengaluru; Editing by James Emmanuel)

Stocks mentioned in the article
ChangeLast1st jan.
CVS HEALTH CORPORATION -0.77% 54.17 Delayed Quote.-17.32%
KROGER -1.46% 24.26 Delayed Quote.-11.78%
VITAMIN SHOPPE INC -1.20% 4.13 Delayed Quote.-12.87%
WALGREENS BOOTS ALLIANCE -0.61% 52.57 Delayed Quote.-22.60%
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Financials ($)
Sales 2019 253 B
EBIT 2019 14 660 M
Net income 2019 6 550 M
Debt 2019 64 428 M
Yield 2019 3,69%
P/E ratio 2019 10,51
P/E ratio 2020 9,48
EV / Sales 2019 0,53x
EV / Sales 2020 0,50x
Capitalization 70 047 M
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 68,7 $
Spread / Average Target 27%
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Managers
NameTitle
Larry J. Merlo President, CEO & Non-Independent Director
David Wyatt Dorman Chairman
Jonathan C. Roberts Chief Operating Officer & Executive Vice President
Eva C. Boratto Chief Financial Officer & Executive Vice President
Troyen A. Brennan Chief Medical Officer & Executive Vice President
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