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Posts Tagged ‘Canopy Growth’

Constellation Brands’ $4 Billion Investment in Canopy Growth Closes

Constellation Brands announcing that it was pouring $4 billion into a Canadian marijuana company called Canopy Growth this past August shocked Wall Street. It was the biggest investment to date in a marijuana company. “Over the past year, we’ve come to better understand the cannabis market, the tremendous growth opportunity it presents, and Canopy’s market-leading…

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Coca-Cola Reports Q3 Results and Says No to Cannabis Plans

It was only a few weeks ago that beverage giant Coca Cola said it may be interested in getting into the marijuana industry but with the company’s latest earnings report, that idea is not becoming a reality. During the company’s third quarter earnings call, CEO James Quincey said the company “doesn’t have any plans at…

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Aurora Cannabis Makes a Lousy Debut on the NYSE

The legalization of recreational marijuana in Canada was so anticipated that pot stocks were flourishing for weeks ahead of the historical day. That historical day on October 17th came and went and pot stocks decided to give a lot of the gains that they accumulated back. In the midst of marijuana stocks plummeting, Aurora Cannabis…

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Cronos Group Enters Research Agreement to Study Use of Cannabinoids in Skin Health

Geographically diversified and vertically integrated cannabis company Cronos Group has announced that it has entered into a sponsored research agreement with the Technion R&D Foundation of the Technion – Israel Institute of Technology. As part of the agreement, Cronos will explore the use of cannabinoids and their role in regulating skin health and skin disorders.…

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Constellation Brands CEO Rob Sands Announces He is Stepping Down from Company

It was just weeks ago that Constellation Brands made headlines for announcing a massive investment into a Canadian marijuana company called Canopy Growth. Now the company is making headlines because its chief executive Rob Sands is stepping down from the company. New York-based Constellation Brands was founded by Rob’s late father, Marvin, in 1945. Rob…

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