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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Bullboard Posts
Comment by Actureaderon Apr 03, 2020 9:49am
69 Views
Post# 30875357

RE:Constellation post positive quarter

RE:Constellation post positive quarter

Isn't Corona in Mexico is owned by AB?


lou64 wrote: Just before the news hits that they are SHUTTING DOWN OPERATIONS ... they lucked out about posting a positive quarter before the Coronavirus reality ??

A MAJOR HIT FINANCIAL IS COMING THEIR WAY AND CANOPY WILL FEEL THE PAIN ... IT LIKE A RIPPLE EFFECT !!
 

Corona beer suspends production amid coronavirus outbreak

  • Since the start of the virus crisis, Corona beer has been the punchline of jokes and memes
  • Mexico has so far registered over 1,500 confirmed cases of coronavirus and 50 deaths

Mexico City: The Mexican brewer of Corona beer said it was suspending production because of the health emergency in the country over the COVID-19 pandemic. Grupo Modelo -- whose brands also include Pacifico and Modelo -- said the measure was in line with the Mexican government's order to suspend all non-essential activities until April 30 to slow the spread of coronavirus.

"We are in the process of lowering production at our plants to the bare minimum," the company said in a statement, adding it would complete the suspension in the following days.

Mexico's government has said that only key sectors such as agribusiness will be able to continue to function.

Grupo Modelo said it was ready to operate with 75 percent of its staff working remotely to guarantee the supply of beer, if the government agreed.

Mexico's other major beer producer Heineken -- which makes the Tecate and Dos Equis brands -- could also stop activities on Friday, the Reforma newspaper said, although the company did not confirm the report.

On Wednesday, the northern state of Nuevo Leon, where Heineken's Mexican operations are based, said it would stop the production and distribution of beer, which led to panic buying.

Since the start of the virus crisis, Corona beer has been the punchline of jokes and memes, and an online rumour said sales in the US dropped by around 40 percent after the outbreak.

However, in late February, Constellation Brands, which owns the Corona label, denied the rumour and said sales had stayed strong in the US even as the virus has spread internationally.




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