Cannabiniers Bets The US Is Ready For Non-Alcoholic IPA [Forbes]
Last constellation brands, inc earnings: 10/3 07:30 am
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US:NYSE Investor Relations: cbrands.com/investors
Cannabiniers Bets The US Is Ready For Non-Alcoholic IPA In 2018, the beer industry was rocked by a startling announcement: Constellation Brands, owners of Corona, Modelo, Ballast Point, and Funky Buddha Brewing was making an investment in cannabis. It was a strangely lateral move for a company and industry that has spent several years playing within its own borders. In 2011, Anheuser-Busch InBev began the trend of purchasing craft breweries by picking up Chicago’s Goose Island. In 2014, Mahou San Miguel purchased a stake in Founders Brewing Company and another in Colorado’s Avery Brewing Company. In 2015, Duvel Moortgat — already the owners of Duvel, Liefmans, La Chouffe, Brewery Ommegang, and Boulevard Brewing — announced the purchase of Firestone Walker Brewing Company. While Constellation’s investment in Canopy Growth Corp. was surprising, they weren’t the only beer company eyeing cannabis. Also in 2018, Molson Coors took a controlling stake in a partnership with Canada’s HEXO, whi
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