Search results
Oct 7, 2022 · Chris Casey Staff Reporter. Permission granted by Canopy Growth. Dive Brief: Constellation Brands recorded a $1.1 billion writedown in the value of its investment in Canopy Growth, a cannabis...
Apr 18, 2024 · Constellation STZ, +0.45%, best known for selling the Corona beer brand in the U.S., said that two of its cannabis-focused subsidiaries — Greenstar Canada and CBG Holdings — have converted...
- Constellation Brands Is Marijuana Industry Investor
- Marijuana Industry in Legal Gray Area
- Constellation Brands Stock Falls
- Canopy Growth Investment
Recreational marijuana sales became legal in California in January. Constellation Brands last year invested in Canopy Growth Corp. (CGC) a Canadian pot producer. Canada is legalizing recreational pot use, starting in October. Sands on Friday said Constellation had recognized gains of more than $700 million since it invested in Canopy, which recentl...
Pot is still illegal on a federal level in the U.S. Making a cannabis-infused beverage directly would put brewers' licenses to make beer at all at risk, according to a story from the Santa Rosa Press-Democrat. Under the collaboration, however, Lagunitas supplies the sparkling water, while CannaCraft handles the THC-infusion process. Molson Coors (T...
Constellation Brands skidded 5.55% in the stock market today, after its earnings per share and full-year profit outlook missed analyst estimates. The company blamed marketing expenses, bad weather, and higher transportation costs.
Elsewhere during the call, Sands said its Toronto-based affiliate, Greenstar, was working "diligently" with big advertising, marketing and consulting firms to figure out how to take advantage of the cannabis industry. He said the Canopy collaboration aims to develop products "for the world market." Canopy in June also said Greenstar had bought up 2...
04:04 PM ET 10/04/2018. Constellation Brands ( STZ) on Thursday left open the possibility of selling nonpsychoactive cannabis drinks in the U.S. if lawmakers clear a bill legalizing hemp, and...
Oct 25, 2022 · STZ. Constellation Brands, Inc. Canopy Growth announces plans to consolidate all U.S. cannabis assets into a single entity, Canopy USA, creating a U.S. holding company and exchangeable share...
May 28, 2019 · Constellation makes $4 billion bet on marijuana, buys 38% stake in Canopy. Constellation deal gives Canopy funds to expand in 30 nations. Canopy agrees to buy major U.S. seller Acreage...
Nov 20, 2023 · November 20, 2023. Table of Contents. In an assertive strategy, beverage titan Constellation Brands has expanded its portfolio by acquiring a considerable amount of Canopy Growth Corp’s common shares.
