15-08-2018 15:59 via yahoo.com

Constellation makes big bet on Canadian cannabis company

Spirits company Constellation Brands announced Wednesday it will significantly boost its investment in Canada's Canopy Growth in a big bet on the growth of cannabis-based products.Constellation, whose products include popular beer brands Corona and Modelo, will hold a 38 percent stake in Canopy Growth under a deal that provides the Canadian company with $4 billion for investment, said a joint press release.The investment is the "largest to date in the cannabis space" and comes as some 30 countri
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