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-0.000240483371576879 -0.000891792502930877 -0.00254511568252192 -0.00249501498011012 -0.00500005010070236 -0.00404813675487727 -0.00742993416767705 0.00281565947554576
Stock impact report

CORRECTED-Constellation expects $54.8 mln in quarterly losses from Canopy investment (Aug.26) [Reuters]

Constellation Brands, Inc (STZ)  More Company Research Source: Reuters
Last constellation brands, inc earnings: 10/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
PDF CORRECTED-Constellation expects $54.8 mln in quarterly losses from Canopy investment (Aug.26) (Corrects paragraph 1 to add prefix “multi”) Aug 26 (Reuters) - Constellation Brands Inc expects to record a loss of about $54.8 million in its current quarter from its multi-billion dollar investment in weed producer Canopy Growth, the Corona brewer disclosed in a regulatory filing on Monday. The brewer has invested more than $4 billion in Canopy for a nearly 56% stake in the marijuana producer, banking on the proposed legalization of recreational weed in several countries. ( bit.ly/30z9beN Constellation, in its recent post-earnings call, told analysts it was not pleased with Canopy’s loss-making streak. Canopy has been investing heavily to diversify and expand its operations, including the launch of new products. Canopy also fired founder and co-Chief Executive Officer Bruce Linton in July, a move that is believed to be orchestrated by Constellation. The brewer reported a loss of $1.30 per [Read more]
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