Beermaker Constellation companies invests $3.8 billion in cannabis grower Canopy Development

The business behind Corona and Ballast aim beers has made a decision to up its stake into the cannabis industry. Constellation Brands, which includes been making alcohol, wine, and whiskey for seven decades, is likely to be spending $3.8 billion in Canadian cannabis grower Canopy Growth Corp.

The Victor, brand brand New Constellation that is york-based brands be boosting its stake in Canopy development ahead of complete cannabis legalization in Canada. Canada is set to legalize leisure cooking pot on October 17.

More particularly, the drink business shall purchase 104.5 million stocks of Canopy development at C$48.6 per share. Leer más →