Let's Face It, Marijuana Equity Investments Have Flopped [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
The marijuana industry is expected to be one of the fastest-growing industries in the world this decade. Although estimates vary on Wall Street, legal weed sales are forecast to hit between $0 billion and $00 billion per year by 00. For context, this would represent an approximate 00% to ,800% increase in annual revenue from what the industry generated in worldwide sales in 08. This growth projection is a big reason cannabis stocks rapidly expanded their production capacity and product offerings, and is also why a handful of brand-name companies dipped their toes into the water over the past two years. Unfortunately for two brand-name businesses, their equity investments into Image source: Getty Images. Constellation's investment in Canopy Growth fizzles out The most prominent equity investment in the entire pot industry is Corona and Modelo beer maker Constellation Brands ( NYSE:STZ NYSE:CGC Though Constellation is best known for completing a $ billion equity investment into Canopy W
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STZ
News
- Yerbaé Expands Distribution Network with Two New Partnerships [Yahoo! Finance]Yahoo! Finance
- New deal puts 2 of WA state's largest wine producers back in Washington hands [Yahoo! Finance]Yahoo! Finance
- Big Thirst Expands Team with Industry Expert Andy NelsonPR Web
- PepsiCo (PEP) Q1 Earnings: What To Expect [Yahoo! Finance]Yahoo! Finance
- 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
STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 10-K
- 4/19/24 - Form 144
- STZ's page on the SEC website