Alcohol giant buys $190M stake in Canadian cannabis company

One of the biggest alcohol businesses in the world is entering into a strategic relationship with one of the largest medical marijuana companies on the globe, a move that could usher in a new era of investments and partnerships between the industries. New York-based Constellation Brands will acquire 9.9% of Smiths Falls, Ontario-based Canopy Growth for 245 million Canadian dollars ($190 million), The Wall Street Journal reported. Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert Mondavi – also will be granted warrants that would raise its stake to just under ... Alcohol giant buys $190M stake in Canadian cannabis company is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs