$4 Billion Constellation-Canopy Growth Deal Changes How Investors Should View Marijuana Stocks [The Motley Fool]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: The Motley Fool
Don't underestimate just how big of a deal Constellation's expanded investment in Canopy is. It was the shot heard 'round the world -- in the marijuana industry, the beverage industry, and likely others. Fortune 500 alcoholic-beverage maker Constellation Brands ( NYSE:STZ ) is investing $4 billion in top Canadian marijuana grower Canopy Growth Corporation ( NYSE:CGC ) . This investment comes on top of the initial $191 million (245 million in Canadian dollars) that Constellation made in Canopy last year . Constellation will own 38% of Canopy, assuming it exercises its existing warrants. What does this deal mean for investors? It radically changes how they should look at the cannabis industry and marijuana stocks, in general. Image source: Getty Images. Rocket fuel for Canopy Canopy Growth CEO Bruce Linton said in the company's quarterly earnings conference call that the Constellation investment is rocket fuel for his company. That's a good way of pu
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STZ
News
- Constellation Brands Announces Conversion of Common Shares and Exchange of Promissory Note Into Exchangeable Shares of Canopy Growth Corporation [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Constellation Brands Announces Conversion of Common Shares and Exchange of Promissory Note Into Exchangeable Shares of Canopy Growth CorporationGlobeNewswire
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- Modelo Spiked Aguas Frescas Teams Up With Actress Francia Raisa and Community Changemaker Juixxe to Honor the Street Vendor Community [Financial Post (Toronto, Ontario, Canada)]Financial Post
- With the market oversold, we're buying a geopolitical hedge and an unfairly punished beer stock [MSNBC.com]MSNBC.com
STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 4/19/24 - Form 144
- 4/18/24 - Form 8-K
- 4/16/24 - Form 4
- STZ's page on the SEC website