Raven Industries, Inc. RAVN yesterday announced that it acquired patents and intellectual property (“IP”) of Jaybridge Robotics. The financial terms of the acquisition have been kept under wraps.It is worth mentioning here that Raven’s shares declined 3.9% yesterday, ending the trading session at $38.03.Jaybridge Robotics engages in developing automated agriculture technology. The company is headquartered in Cambridge, MA.Inside the HeadlinesAs part of the purchase, Raven has added some important technology patents of Jaybridge Robotics, including those related to the detection of obstacles, planning of paths and control systems for multiple machines, to its portfolio.The purchases are anticipated to aid in Raven’s efforts to develop driverless agriculture technology. In addition, the company might integrate the acquired technologies into its AutoCart platform.Zacks Rank, Estimate Trend and Price PerformanceWith a $1.4-BILLION market capitalization, Raven currently carries a Zacks Rank #4 (Sell). It is poised to benefit from its solid product offerings, improving market conditions, acquired assets and focus on technology development. However, the headwinds related to the pandemic remain concerning.In the past three months, the company’s shares have gained 3.7% as compared with the industry’s growth of 5.8%. Meanwhile, the Zacks Consensus Estimate for its earnings is pegged at 71 cents for fiscal 2022 (ending January 2022) and 97 cents for fiscal 2023 (ending January 2023), reflecting declines of 22.8% and 15.7% from the respective 60-day-ago figures.Raven Industries, Inc. Price and Consensus Raven Industries, Inc. price-consensus-chart | Raven Industries, Inc. QuoteSome other companies from the same industry engaging in buyout activities in the past few months are Griffon Corporation GFF, Danaher Corporation DHR and Honeywell International Inc. HON. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.In the past 60 days, earnings estimates for Griffon and Honeywell have improved for the current year, while have been unchanged for Danaher. Also, its earnings surprise for the last reported quarter was 55.56% for Griffon, 13.04% for Danaher and 3.50% for Honeywell.Time to Invest in Legal MarijuanaIf you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential. Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honeywell International Inc. (HON): Free Stock Analysis Report Raven Industries, Inc. (RAVN): Free Stock Analysis Report Danaher Corporation (DHR): Free Stock Analysis Report Griffon Corporation (GFF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research