Weed’s largest investment

Weed’s largest investment

Weed could be a significant global growth opportunity for the future.

Constellation Brands is investing $4 billion in Canadian cannabis company, Canopy Growth.

Constellation bought a 10% stake in the cannabis producer in October for $190 million. Canopy Growth CEO said that cannabis beverages could be in the works. Neither company will sell cannabis products in the U.S. until they are legalized nationwide.

For¬†Constellation Brands CEO Rob Sands,¬†“this could potentially be one of the most significant global growth opportunities for the next decade,”

With this latest investment, Constellation says its stake will become 38% of Canopy, also receiving an opportunity over the next three years to buy up to 139.7 million in new shares, which represents up to $5 billion in additional funding.

2018-09-12T23:05:33+00:00
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