Here's How Much Constellation Brands Has Lost on Canopy Growth So Far [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
Here's How Much Constellation Brands Has Lost on Canopy Growth So Far Constellation Brands ( NYSE:STZ Canopy Growth NYSE:CGC additional $ billion investment in Canopy There's no question that Constellation's big bet on Canopy Growth reshaped the cannabis industry. But there's also no question that it's taken a financial toll on Constellation. Here's how much Constellation has lost on its Canopy Growth investment -- so far. Image source: Getty Images. Counting the losses While Constellation's stake in Canopy Growth was small, the beverage company didn't feel much pain financially. In its annual report for the fiscal year ending Feb. 8, 09, Constellation posted a net loss of only $. million related to its investment in Canopy. But as that stake grew, it linked Constellation's fortunes much more closely with Canopy's. And this happened during a time when Canopy Growth ratcheted up its spending significantly. In the quarter prior to Constellation's initial investment in the cannabis produ
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- 4/11/24 - Beat
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- 4/19/24 - Form 144
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- 4/16/24 - Form 4
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