RE:RE:CONSTELLATION BRANDS - TAKE OVER OF WEED - UP NEXTThis was a MAJOR screw-up for Constellation. Fortunately, they are a big enough company to survive their own blunder. Canopy on the other hand, will not. And not a chance in Hell that Constellation will double down on this mess.
Joe455 wrote: Spanito wrote: Constellation Brands controls the WEED board, therefore controls Canopy Growth Corporation's outcome in the near future. What will happen? Constellation Brands stock price is runnng on all 8 cylinders and will not let this segment make a fool of them.
Constellation Brands is the largest multi-category alcohol supplier in the U.S. The business is anchored by a portfolio of Mexican beer trademarks, including Corona and Modelo, for which it acquired exclusive and perpetual U.S. ownership from AB InBev. The latter had to divest these rights due to antitrust mandates as it consummated its 2013 acquisition of dominant Mexican brewer, Grupo Modelo. Constellation's wine/spirits business is in transition, and it has divested several lower-margin assets, including myriad wine brands and its Ballast Point craft beer brand. The firm imports most products after manufacturing them abroad, going to market through independent wholesalers. It owns 38.6% of Canopy Growth, a leading provider of medicinal and recreational cannabis products.
Spanito
Hard to imagine Constellation doubling down on their blunder.