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Stock impact report

Canopy Growth Makes A Fascinating Bet On U.S. Cannabis [Seeking Alpha]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: Seeking Alpha
Canopy Growth Makes A Fascinating Bet On U.S. Cannabis Summary The management team at Canopy decided to make a sizable and fascinating bet on the rise of US cannabis. The business has essentially acquired the right to buy Acreage Holdings, and is forced to if cannabis becomes legal at the federal level. This is an intelligent way to move into the US and in a very big way, but only when the company is ready. Constellation Brands ensured that its interests are well taken care of, taking the opportunity to restructure its arrangement with Canopy. In the cannabis industry, innovation is key to growth, and a big part of innovation is acquiring firms that complement the parent company in question. In its latest move, the management team at Canopy Growth Corp. CGC setting the stage OTC:ACRZF OTCQX:ACRGF A look at the deal Generally speaking, when a company announces plans to acquire another firm, it’s an outright merger or acquisition. This is not the case, however, with Acreage. Instead, Ca Show less Read more
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