Bloomberg — Constellation Brands Inc., which for seven decades has made its money off beer, wine and whiskey, sees its future in a marijuana leaf. In the biggest (legal) cannabis deal, the Victor, New York-based beverage company will spend about $3.8 billion to boost its stake in Canadian grower Canopy Growth Corp., betting legalization will gain traction around the world and especially in the U.S. “This is rocket fuel,” Canopy Chief Executive Officer Bruce Linton said on the company’s earnings call Wednesday.
The Company Behind Corona Beer Is Investing Nearly $4 Billion In Legal Pot
Kristine Owram, Jen Skerritt and Craig Giammona / Bloomberg, Time: Business
Wed, 08/15/2018 - 10:34am
Topics: constellation brands inc victor canadian canopy growth u.s ldquo;this canopy chief executive officer bruce linton corona ballast point robert mondavi molson coors brewing co hydropothecary nv&rsquo thc november u.s ban marijuana ldquo;reefer madness,&rdquo ldquo;women men judge douglas ginsburg u.s supreme court on oct canada g-7 colorado america quicktake path from taboo legit job engine global arcview market research bds analytics smiths falls ontario toronto stock full control ken shea bloomberg intelligence attorney general jeff sessions president donald trump growth&rsquo ldquo;over constellation ceo rob sands bloomberg in constellation york canopy canopy corp u.s linton linton u.s canopy&rsquo u.s exchange trump company beer billion legal cannabis percent companies federal call law world began non-alcoholic levels decades medical deal statement enforcement drug beverages wednesday plans people run consumer
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