Constellation Investment Gives “Shot in the Arm” to Cannabis Market

On Wednesday (August 15) the cannabis industry received a much needed ‘shot in the arm’ thanks to alcohol producer Constellation Brands (NYSE:STZ) re-upping its stake in Canadian licensed producer (LP) Canopy Growth (TSX:WEED,NYSE:CGC). The alcohol company will invest C$ 5 billion in Canopy and obtain 104.5 million shares of Canopy, effectively gaining a 38 percent […]