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Stock impact report

The Wine Group puts Imagery Estate Winery on block [Yahoo! Finance]

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: Yahoo! Finance
The US wine producer told Just Drinks it has “not run production operations at the estate for a couple of years, so a substantial portion of the property has been idle for some time”. The estate in Glen Ellen in Sonoma County was acquired alongside Benziger Family Winery in 2015 and covers around 19.6 acres. Around 3.8 net acres are planted, with 2.6 acres of Cabernet Sauvignon and 1.3 acres of Malbec. Existing infrastructure on the site includes a production facility with barrel cellars and a crush/tank pad. The winery is permitted to produce up to 180,000 cases annually and has 250,000 gallons of jacketed tank storage. The Wine Group intends to keep the Imagery wine label, calling it a “key brand” in its portfolio, which includes Franzia, Cupcake Vineyards, and Chloe Wine Collection. The company said: “Should the Imagery estate be sold, TWG will explore a potential leaseback of the current Imagery tasting room from a future estate owner, or co-locate Imagery's direct-to Show less Read more
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