Constellation Brands

• Constellation executive David Klein named new CEO of Canopy Growth

  Shares of Canopy Growth Corp. got a lift after the cannabis producer named Klein — chief financial officer at Constellation Brands, Canopy's largest shareholder — as its new CEO.

  Cannabis

  Dec 9, 2019
  
• Canopy shares down as Constellation Brands says no plans for more investment

  The company behind brands like Corona beer announced a deal in August of last year to invest $5 billion in Canopy Growth to secure a 38 per cent ownership of the company.

  Canada

  Nov 22, 2019
  
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• Deal reached to sell Lethbridge’s Black Velvet Distillery

  Its parent company Constellation Brands, Inc. said it had signed an agreement with Heaven Hill Brands to divest Black Velvet Canadian Whisky.

  Consumer

  Aug 12, 2019
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• ‘I did not wish to leave’: Canopy Growth’s ousted co-CEO says of abrupt exit

  Constellation Brands, Canopy's biggest shareholder, said last week that it was "not pleased" with Canopy's recent year-end results.

  Cannabis

  Jul 3, 2019
• Canopy Growth shareholders approve $5 billion Constellation investment

  The Smiths Falls, Ont.-based company says more than 95 per cent of the votes at its annual meeting supported the private placement of 104.5 million shares and 139.7 million warrants to Constellation subsidiary CBG Holdings LLC.

  Consumer

  Sep 27, 2018
• Canopy Growth head talks U.S. expansion plans after $5B investment

  Chief executive Bruce Linton says he has lined up an option to acquire a "humongous" greenhouse in California as part of a broader strategy to enter the U.S. market quickly, even though the drug is currently illegal at the federal level.

  Canada

  Aug 16, 2018
• Constellation Brands invests $5B to increase stake in marijuana producer Canopy Growth

  Under the agreement, Constellation will acquire 104.5 million Canopy shares at a price of $48.60 per share.

  Canada

  Aug 15, 2018
• Plants, edibles and drinks, oh my: Smiths Falls’ Canopy Growth inks deal with alcoholic beverage company

  It was announced last week that Constellation Brands, bought a 9.9 per cent stake in Canopy Growth Corp. setting off speculation it was about to enter the cannabis beverage market.

  Consumer

  Nov 6, 2017
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• Ontario Teachers’ buys wineries, Wine Rack stores for $1.03B

  The Ontario Teachers' Pension Plan is buying Constellation Brands Canada, the producer and operator of beer, wine and spirits businesses, for $1.03 billion.

  Canada

  Oct 17, 2016