Constellation Brands Inc STZ

Consumer Defensive Beverages - Wineries & Distilleries

Constellation Brands, Inc. is a producer and marketer of beer, wine, and spirits with operations in the United States, Mexico, New Zealand, and Italy with brands, such as Corona Extra, Modelo Especial, Robert Mondavi Winery, Kim Crawford, Meiomi, The Prisoner Wine Company, High West, Casa Noble, and Mi CAMPO. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. In the Beer segment, its portfolio consists of high-end imported beer brands and ABAs. It has a perpetual brand license to produce its Mexican beer portfolio and to import, market, and sell such portfolio in the United States. In the Wine and Spirits segment, it sells a portfolio that includes higher-end wine brands complemented by certain higher-end spirits brands. Its Corporate Operations and Other segment consist of costs of corporate development, corporate finance, corporate strategy, executive management, growth, human resources, internal audit, investor relations, IT, legal and public relations.

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Constellation Brands Inc

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Post by AwareInvestoron Aug 25, 2022 10:26am

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Post# 34919650

Look for Constellation to Write Off Significant Amount of Ca

On October 30 2017, Constellation Brands and Canopy Growth Corp. jointly announced their new “groundbreaking strategic relationship” which would see Constellation invest an initial C$245 million into Canopy. Since that initial announcement, Constellation has continued to add to their position in Canopy with their total cash investment growing to over $4.4 billion USD through the purchase of common shares, warrants, convertible debt, and the exercise of warrants.

https://thedeepdive.ca/look-for-constellation-to-write-off-significant-amount-of-canopy-investment/

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