Why Constellation Brands' Buffed-Up Marijuana Bet Is Risky [The Motley Fool]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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cbrands.com/investors
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Source: The Motley Fool
The beer, wine, and spirits distributor put about $4 billion more into Canopy Growth. In this segment from the MarketFoolery podcast, host Chris Hill and senior analyst Matt Argersinger consider the massive investment that beverage distribution giant Constellation Brands ( NYSE:STZ ) has made in leading Canadian legal pot grower Canopy Growth ( NYSE:CGC ) . In one fell swoop, that boosts its stake from 9.9% to 38%. Product synergy aside, the market was not seeing it. The guys talk about the future of the legal marijuana industry and why it might be a tough space to make a profit. A full transcript follows the video. This video was recorded on Aug. 15, 2018. Chris Hill: Constellation Brands is in the business of alcohol. Constellation has a bunch of brands under their umbrella. They have beer, probably best-known for Corona and Ballast Point. They have wine, Robert Mondavi and Woodbridge are probably the better-known brands there. For liquor, S
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STZ
News
- Mexican beer the most popular in US: Cinco de Mayo will fiesta to the flavor of these cinco cervezas [FOX News]FOX News
- Global Craft Beer Market Forecast to Reach $293.4 Billion by 2032: Rise in 'Light' and Non-Alcoholic Craft Beers Carving a Niche in the Market [Yahoo! Finance]Yahoo! Finance
- Corona Premier® Launches ‘Premier Side of Light' Campaign and Appoints New Director of Lifestyle Matt James [Yahoo! Finance]Yahoo! Finance
- The Constellation Brands, Inc. (NYSE:STZ) Full-Year Results Are Out And Analysts Have Published New Forecasts [Yahoo! Finance]Yahoo! Finance
- Constellation Brands Full Year 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 5/3/24 - Form 144
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- STZ's page on the SEC website