Corona owner pumps $4 billion more into weed producer Canopy

U.S.-listed shares of Canada-based Canopy Growth Corp. soared almost 30% Wednesday, after liquor seller Constellation Brands Inc. said it will invest another CAD $5 billion, or about $4 billion, in the diversified cannabis company......»»

"This is rocket fuel," said Canopy CEO Bruce Linton Corona beer-maker Constellation Brands will pay more than C$5 billion, or about $4 billion, to increase its stake in global medical cannabis company Canopy in .....»»

Canadian cannabis stocks Cronos and Tilray are surging after announcing plans to sell legal marijuana in Canada. The investment by Corona owner Constellation Brands in fellow cannabis company Canopy Growth is helping too......»»

Canopy Growth Corp. has an unmatched opportunity to dominate the global market for cannabis products with a war chest of more than $5 billion, a high-level management team and new and high-tech distribution center, according to GMP Securities......»»

Blair Gable/Reuters Canopy Growth, a $10 billion Canadian marijuana firm, is spinning off its venture-capital arm, which began trading at $18.44 per share Thursday.....»»

Jim Cramer hears from Canopy Growth chief Bruce Linton about the cannabis producer's recent deal with the Drug Enforcement Administration and what Canada's legalization will mean for the marijuana industry......»»

The CEO of Canadian marijuana producer Canopy Growth says that marijuana is set to disrupt $500 billion in global market.....»»

Smith Falls, Ontario–based Canopy Growth Corp. made headlines and drove cannabis stocks to new heights over the summer, after it announced that Corona beer-maker Constellation Brands Inc. was going to invest an additional $4 billion in the company......»»

Constellation Brands Inc's Rob Sands is stepping down as CEO, ending an era in which the family-backed alcohol producer became one of the biggest beer brewers in the United States and placed a multi-billion dollar bet on the cannabis industry......»»

Constellation Brands Inc , the U.S. producer of Corona and Modelo beers, is looking to sell some of its U.S.-based wine brands, in a deal that could be worth more than $3 billion, according to four people familiar with the matter......»»

Constellation Brands Inc, the U.S. producer of Corona and Modelo beers, is looking to sell some of its U.S.-based wine brands, in a deal that could be worth more than $3 billion, according to four people familiar with the matter......»»

Good morning, Bay Area. Kicking the day off with some M&A, Sony Group and Apollo Global Management have reportedly made a $26 billion proposal to buy Paramount Global, the owner of CBS and MTV. The offer would be an all-cash deal for Paramount shares and.....»»

Philip Anschutz, who built his fortune across multiple industries, was named Colorado's richest person by Forbes.....»»

The owner of several retail brands and a licensing business could hit the public markets with a $10 billion IPO being explored for 2021. read more.....»»

Oil and gas producers Cabot Oil & Gas Corp and Cimarex Energy Co said on Monday they would combine to form a company with an enterprise value of about $17 billion, the latest in a sector rebounding from one of its worst downturns......»»

Guinness owner Diageo said it would resume plans to return £4.5 billion to shareholders, as its recovery from the COVID-19 pandemic continues to gather pace......»»

The Ben & Jerry’s owner will buy back up to €3 billion of shares from May......»»

Vivid Seats is poised to take advantage of pent-up demand to attend sports, concerts, and theater events as pandemic restrictions ease. LA Dodgers owners of Guggenheim Baseball Management, LLC - (from left) Stan .....»»

This turns up pressure on Ever Given's owner to negotiate a settlement that Egyptian authorities are claiming should be roughly $1 billion for damage to the canal and lost business.....»»

Canopy Growth Corp. said Thursday it has reached an agreement to acquire Toronto-based Supreme Cannabis Co. Inc. in the latest M&A deal in a cannabis sector that is seeing a burst of activity amid hopes for reforms of strict U.S. laws......»»