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The Beer & Booze Company Behind Corona, Svedka & Mondavi Is Now Investing In Marijuana

The Beer & Booze Company Behind Corona, Svedka & Mondavi Is Now Investing In Marijuana

7 years ago
Anonymous $ZOEEBQ1zf0

https://consumerist.com/2017/10/30/the-beer-booze-company-behind-corona-svedka-mondavi-is-now-investing-in-marijuana/

Instead of shrinking in fear from the rising green tide of legal marijuana, the parent company behind booze brands like Corona, Svedka, and Robert Mondavi is jumping right in with a big investment in the legal marijuana business.

Constellation Brands Inc. is shelling out $191 million for a 9.9% stake in Canopy Growth Corp, a Canadian company — known as WEED on the Toronto Stock Exchange — that sells medicinal cannabis products in that country and other markets where it’s legal.