canopy growth constellation

canopy growth constellation插图

Constellation BrandsConstellation BrandsConstellation Brands, Inc., a Fortune 500 company, is an international producer and marketer of beer, wine and spirits. Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share of all major beer suppliers.en.wikipedia.orgfirst acquired a9.9 percentstake in Canopy Growth in October 2017, as it sought to gain a foothold in the recreational marijuana market. The beer and wine giant later raised its stake in Canopy Growth to 38 percent in August 2018 after it announced an investment of C$5 billion, or $4 billion.

What is Constellation Brands’ stake in Canopy Growth?

Constellation Brands first acquired a 9.9 percent stake in Canopy Growth in October 2017, as it sought to gain a foothold in the recreational marijuana market. The beer and wine giant later raised its stake in Canopy Growth to 38 percent in August 2018 after it announced an investment of C$5 billion, or $4 billion.

Is constellation’s partnership with Canopy Growth a green rush in cannabis?

The same strength can’t be said of its partnership with Canopy Growth ( CGC -6.57%), the Canadian cannabis company Constellation invested $4 billion into in 2017 in what became a green rush among giant corporations to stake claims in the budding pot market.

What is it like inside canopy growth?

“Inside Canopy Growth”. Canopy Growth advances the world’s perception of cannabis by focusing on research, product development and innovative production capabilities – all presented through brands people trust.

What happened to Canopy Growth after it spent $4 billion on it?

However, the alcohol distributor seems to have stumbled when it spent $4 billion on cannabis grower Canopy Growth ( NASDAQ:CGC) in 2017 as that company has struggled and continues to put up sizable losses.

Beer, not pot, is the alcoholic beverage maker’s strength, but the cannabis stock keeps generating losses

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Key Points

Constellation Brands’ beer sales continue to show strength, with Corona and Modelo depletions surging.

Beer hasn’t gone flat for Constellation

Constellation Brands said net sales of $2.32 billion were 4.9% lower than last year, but they still eked out a gain over analyst consensus estimates by $40 million.

Cannabis still causing headaches

The same strength can’t be said of its partnership with Canopy Growth ( NASDAQ:CGC), the Canadian cannabis company Constellation invested $4 billion into in 2017 in what became a green rush among giant corporations to stake claims in the budding pot market.

Cashing in on a growing trend

Speaking of partnerships, Constellation Brands also announced it was entering into one with Coca-Cola ( NYSE:KO) to produce ready-to-drink (RTD) beverages under the soda maker’s Fresca brand.

A stock ready to pop?

Still, the RTD space is very crowded, and Constellation is going to be spending between $5 billion and $5.5 billion on upgrading its brewery capacity in Mexico between now and fiscal 2026. That is going to constrain Constellation’s ability to expand earnings, even without the drag of marijuana on its operations.

What is the stake in Canopy Growth?

Constellation Brands first acquired a 9.9 percent stake in Canopy Growth in October 2017, as it sought to gain a foothold in the recreational marijuana market. The beer and wine giant later raised its stake in Canopy Growth to 38 percent in August 2018 after it announced an investment of C$5 billion, or $4 billion.

How many common shares does Constellation have?

As a result of the acquisition of new common shares in Canopy Growth, Constellation Brands now indirectly holds a total of 142.25 million common shares, 139.75 million warrants to purchase common shares, and C$200 million principal amount of senior notes.

How to close a modal window?

This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.

When was RTTNews founded?

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms.

Canopy Growth is a Leading Global Cannabis Company

Dedicated to unleashing the power of cannabis to improve lives, our vision is an expression of what we value, and what we’re building towards. We are channeling the power of this extraordinary plant – to build an organization made with intention and defined by purpose, serving as a new model for a transformational industry.

About Canopy Growth

Canopy is a world leading cannabis company focused on unleashing the power of cannabis to improve lives. From supporting personal wellness to fostering economic opportunity and striving towards social justice, Canopy is showcasing the capacity of cannabis as a force for good.

Cannabis for every consumer

At Canopy, we are unlocking the properties of cannabis to improve lives by offering high-quality products with best-in-class cannabinoid effects.