Constellation and Canopy Growth Corp (NYSE: CGC) Bet Big on Global Cannabis

Canopy Growth Corp (NYSE: CGC) has shot up more than 30% over the last 30 days – albeit most of it on the back of one announcement, but that single bit of news caused a tidal wave across the cannabis industry. CGC received a huge endorsement from Constellation Brands, an alcoholic beverage titan who owns the likes of Corona and other popular brands in the industry. Continue reading “Constellation and Canopy Growth Corp (NYSE: CGC) Bet Big on Global Cannabis”

‘Corona, Lime, & Cannabis, Please’: Big Brewer Enters Marijuana Biz

Constellation Brands, one of the United States’ largest alcohol distributors, has taken a 9.9% stake in the Canadian cannabis firm Canopy Growth, according to a report by Jennifer Maloney and David George-Cosh in the Wall Street Journal. Canopy and Constellation say they plan to develop cannabis-infused beverages for the legal adult market.

Continue reading “‘Corona, Lime, & Cannabis, Please’: Big Brewer Enters Marijuana Biz”

Weed on Wall Street?

Analysts at the New York-based company have assembled a trove of data on the burgeoning field of semi-legal marijuana. And on Thursday Cowen will host its first investor conference devoted to the controversial topic. Continue reading “Weed on Wall Street?”