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Posts Tagged ‘Constellation Brands’

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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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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GW Pharma’s CBD Drug is First to Obtain Rescheduling from the DEA

The top drug regulator in the nation, the Drug Enforcement Administration (DEA), has made a move it hasn’t made in nearly five decades. The DEA has changed its position on marijuana for the first time in 46 years, announcing a change in how it classifies FDA-approved drugs that contain CBD. This was great news for…

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Earnings Reports to Look for This Week

Earnings reports

Constellation Brands Inc (NYSE:STZ) If you’re into weed stocks, or enjoy a drink on the weekend, you’ve probably heard of Constellation Brands.  The wine and spirit maker recently put up a $4 billion dollar stake in Canopy Growth Corporation, one of the front-runners for the Canadian weed market.  Constellation has already successfully commercialized alcohol brands…

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