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Alcohol giant buys $190M stake in Canadian cannabis company

https://mjbizdaily.com/alcohol-giant-partners-buys-stake-canadian-cannabis-company/

One of the biggest alcohol businesses in the world is entering into a strategic relationship with one of the largest medical marijuana companies on the globe, a move that could usher in a new era of investments and partnerships between the industries.

New York-based Constellation Brands will acquire 9.9% of Smiths Falls, Ontario-based Canopy Growth for 245 million Canadian dollars ($190 million), The Wall Street Journal reported.

Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert Mondavi – also will be granted warrants that would raise its stake to just under

Alcohol giant buys $190M stake in Canadian cannabis company is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

 

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Brian Wroblewski

Brian Wroblewski has a passion for writing, travel, food and family. Since working in and around the cannabis industry since 2008, Brian brings a unique perspective to the cannabis journalism space. With a focus on emerging brands, moving the cannabis industry forward and an undeniable passion for truth in business and journalism, find some of Brian's posts across the web on digital marketing, cannabis and a variety of different topics.

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