Constellation Brands Archives - Cannabis Business Executive

Former CEO and chairman of Canopy Growth Corporation Bruce Linton weighs in on company’s latest news

The company said it is transitioning to an asset-light model in Canada by exiting cannabis flower cultivation in Smiths Falls, ceasing the sourcing of cannabis flower from the Mirabel, Québec facility, and moving to a third-party sourcing model for cannabis beverages,…

Cannabis company growing weed in Colombia goes public in US

Most cannabis companies that list their stocks in the United States grow their products in indoor greenhouses, often in Canada. But a company named Flora Growth that went public on the Nasdaq on Tuesday is taking a different approach. Although headquartered in Toronto, its…

Canopy Growth CEO says new data on cannabis beverages show they can be bigger than hard seltzer

The world’s largest cannabis company Canopy Growth (CGC) saw shares fall another 5% Monday after cratering 20% following Friday’s fourth-quarter results, which disappointed against even its own revenue guidance. Analysts at Stifel Nicolaus cut Canopy to a Sell rating while Morningstar…

A Big Pension Fund Is Going Bigger on Marijuana Stocks

The biggest pension fund in the U.S. has increased its exposure to marijuana stocks. Barron’s has reported that although the California Public Employees’ Retirement System, commonly known as Calpers, has a ban on investing in tobacco stocks, it is free to invest…

With an ever Growing Footprint and War Chest, How Will Bruce Linton Lead Canopy Growth Corporation into the Future?

September 11, 2018
Rob Meagher
Company Stories, Multiple State Operators, Spotlight
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About a month ago, the news of the day was equivalent to an 8 plus earthquake on the seismic scale measuring the progress of the Cannabis Industry worldwide when Constellation Brands invested roughly $5 Billion ($4B USD), yes, with a…

Constellation Brands Boosts Stake In Canopy Growth With $3.8 Billion Investment

Constellation Brands is spending C$5 billion ($3.8 billion) to boost its stake in Canadian cannabis grower Canopy Growth Corp., betting legalization of the drug will continue to gain traction in the U.S. and around the world. Constellation, the brewer of…

Constellation Brands to invest $5-billion to boost stake in Canopy Growth

Constellation Brands has signed a deal to invest $5-billion in Canopy Growth Corp. to increase its stake in the marijuana company to 38 per cent and make it its exclusive global cannabis partner. Under the agreement, Constellation, a global producer…

Beer Makers Wanting To Cash In On Legal Marijuana Are Ditching Alcohol

Once upon a time, back when I was in my early twenties, there was this cool, old, homeless guy who hung out in front of the local liquor store almost daily. He’d sit out there as long as it took…

Merging Alcohol and Cannabis – Is This the Future of the Marijuana Industry?

The company with the most money wins. This is often the case in business, but in the growing marijuana industry where savvy startups have led the way over the years, the environment has been quite different. That could be changing…

‘Investors Are Going to Love This Industry’ – MedMen’s Chris Leavy

November 27, 2017
David Hodes
Banking, Finance & Real Estate, Cannabis Investments
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The cannabis industry is in a moment in time that is like nothing anyone in the industry has ever seen, according to investment guru Chris Leavy, and cannabis business owners are in the driver’s seat. Leavy, who worked as the…

The 4-1-1 on Americans and Marijuana Investments Abroad

November 8, 2017
Hilary Bricken
Canada, Compliance and Regulations, International
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A lot has been written and analyzed regarding foreigners investing in U.S. marijuana businesses. What are the legal ramifications of the reverse though? If marijuana business is fully legal in a foreign jurisdiction (think Uruguay or Canada in the near future),…

Popular Alcohol Marketer Jumps into the Cannabis Realm

Find your buds? The U.S. marketer of Corona, the Mexican beer known for its "Find Your Beach" tagline, is dipping its toe into the marijuana business. Constellation Brands, which also markets wine and spirits brands, has taken a 9.9% stake…