Monday, October 30, 2017

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…

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