Around the Net
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.
