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3.42207236676481E-05 -0.00090584268532035 0.0014216697700166 0.00090584268532035 -0.000402596749031314 -0.000352272155402311 0.000610940566654895 0.00281817724321877
Stock impact report

UPDATE 1-Constellation expects $54.8 mln in quarterly losses from Canopy investment [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 Constellation expects $54.8 million in quarterly losses from Canopy investment (Reuters) - Constellation Brands Inc ( STZ.N WEED.TO The brewer’s estimate comes after Canopy’s Chief Executive Officer Mark Zekulin earlier this month told investors it needs another three to five years to turn in a profit. Constellation invested more than $4 billion in the loss-making Canopy for a nearly 56% stake in the marijuana producer, banking on the proposed legalization of recreational weed in several countries. ( bit.ly/30z9beN In late June, Constellation executives told analysts they were not pleased with Canopy losing money and that they were working with the weed producer to win markets and become profitable. The very next month, Canopy fired founder and co-Chief Executive Officer Bruce Linton, a move that analysts believe was orchestrated by Constellation. Canopy has not been able to turn in a profit even as it records soaring sales, as the company invests on new equipments, product research a [Read more]
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