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Corona Brand Owner Obtains Minority Share in Canada’s Canopy Growth

CANNABIS CULTURE – Canadian cannabis company Canopy Growth Corp. has a new minority stakeholder. On October 30, Constellation Brands – the U.S. corporation behind liquor megabrands such as Corona and Robert Mondavi Winery – announced its purchase of a 9.9 percent stake in the Ontario-headquartered company for $245 million. While Constellation has no plans to market cannabis itself, the company sees the emerging cannabis market as key to its future growth. “Canopy Growth has a…


from Cannabis Culture http://www.cannabisculture.com/content/2017/10/30/corona-brand-owner-obtains-minority-share-canadas-canopy-growth

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