Page 3 - Bloomberg Businessweek - November 19, 2018

Bloomberg Businessweek The Year Ahead 2019 50 Companies to Watch

5 Boston Properties Inc. ▲ BXP US
Real Estate Est. sales Est. FFOPS Total 12-month 1-year total Female board
membership
return
assets
growth
sales
growth
27.3%
2.4%
$3b
4.9%
9.3%
$20b
Boston Properties will see cash flow soar as tenants new occupants in the coming year. One possible hurdle
move into its skyline-dominating and almost fully leased could be competition from Hudson Yards, a development
Salesforce Tower in San Francisco. It should rise further being built by Related and Oxford Properties on
as vacant Midtown Manhattan office spaces welcome New York City’s West Side.
6 Canopy Growth Corp. ▲ CGC US
Cannabis Est. sales Est. EPS Total 12-month 1-year total Female board
growth
return
assets
sales
growth
membership
$2b
87.3%
556.7%
193.4%
$69m
14.3%
The world’s largest cannabis producer benefits from expanding in Germany and may enter other markets,
fast-emerging global demand for legal cannabis-based including Spain, Denmark, and Australia. Its partnership
products for both medical and recreational use. The with alcoholic beverage company Constellation Brands
Canadian company, which operates in 11 countries, is gives it an advantage over rivals.
▷ High Times
Investors are excited about Canadian the legal recreational market in the U.S. is Acreage Holdings,
cannabis companies such as Tilray, Canopy already much bigger, with sales expected and other American
Growth, and Aurora Cannabis now that their to hit roughly $5.4 billion this year. In recent companies. With 85
home turf has fully legalized recreational pot. years, 10 states have legalized recreational Democrats in control
The companies have had no trouble raising cannabis for adults—the latest was Michigan, of the House of
capital to fund deals and expand operations. following a Nov. 6 ballot measure. With Representatives,
But Canada restricts marijuana marketing densely populated East Coast states such there’s increasing
and most branding. Even with the federal as New Jersey and New York considering optimism that the government will ease
legislation, it will be several months before similar measures, expansion in the U.S. is federal weed regulations. That could mean
Canadian consumers will be able to buy expected to spread, with the domestic market finally opening the banking system and
cannabis edibles, drinks, and vape pens. projected to be worth $75 billion by 2030. domestic stock exchanges to cannabis
Despite Canada’s first-mover advantage, That’s good news for MedMen, Curaleaf, companies. ——Craig Giammona

7 CBS Corp. ▲ CBS US

Est. sales Est. EPS Total 12-month 1-year total Female board
growth growth assets sales return membership
Media 7.5% 22.5% $20b $14.3b 3.6% 60%

The exit of CEO Les Moonves and a settlement with Viacom Inc. is not off the table. CBS has had success
controlling shareholder National Amusements Inc. in its streaming efforts and is poised to build more
(NAI) raises the prospects of a sale for the network. momentum in 2019, in part from gains in retransmission
While NAI won’t initiate merger talks, a deal with and content licensing.
8 Centrica Plc ▼ CNA LN

Est. sales Est. EPS Total 12-month 1-year total Female board
return
membership
assets
growth
growth
sales
Utilities -5% 15.5% $27b $39b -9.8% 16.7%
The British electric and gas utility continues to lose and Wales in late 2018. The company’s future hinges on
GETTY IMAGES market share and will take a hit from caps on home its bets on “connected homes” and alternative energy. In
energy bills set to go into effect in England, Scotland,
the short term, a dividend cut and asset sales look likely.