constellation brands and canopy

constellation brands and canopy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 percent stake in Canopy Growthin 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.

Did Constellation Brands buy Canopy Growth Corporation?

VICTOR, N.Y., Oct. 30, 2017 (GLOBE NEWSWIRE) — Constellation Brands (NYSE:STZ) (NYSE:STZ.B), a leading beverage alcohol company, today announced that it has signed an agreement to acquire a minority stake in Ontario, Canada-based Canopy Growth Corporation, a well-respected public company and leading provider of medicinal cannabis products.

How many common shares does Constellation Brands own?

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.

Who is constellation’s subsidiary Greenstar?

Constellation, the maker of Corona and Modelo beers, said its indirect, wholly-owned subsidiary Greenstar Canada Investment Limited Partnership has exercised an aggregate of 18.88 million warrants to purchase Canopy Growth stock.

What is Constellation Brands’ long-term strategy?

This investment and relationship is consistent with Constellation Brands’ long-term strategy to identify, meet and stay ahead of evolving consumer trends and market dynamics, while maintaining focus on its core total beverage alcohol business.

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.

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