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Beer Maker Buys Into Marijuana

  • Fortune, Tuesday, October 31, 2017 7:26 AM

Constellation Brands, the $42 billion company behind Corona, Modelo, and Svedka has taken a 9.9% minority stake in the $2 billion Canadian medical marijuana company Canopy Growth. The stake is worth about $191 million, though Constellation will have the option of purchasing additional stakes in the future. Using Canopy’s expertise, Constellation is attempting to create cannabis-infused drinks.

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