Constellation’s purchase of Canopy stake is ‘transformative,’ portends further investments

https://mjbizdaily.com/constellations-purchase-canopy-stake-transformative-portends-investments/

By Matt Lamers

In buying a chunk of the world’s largest medical cannabis company, global alcohol giant Constellation Brands substantiated the marijuana industry as both a threat and opportunity for alcohol, pharmaceutical and tobacco companies, analysts and executives said.

In short, the development signals that more deals could be on the horizon – particularly in Canada.

New York-based Constellation Brands – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert Mondavi – will acquire 9.9% of Smiths Falls, Ontario-based Canopy Growth for 245 million Canadian dollars ($190 million), plus options to

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