Sentences with phrase «marijuana company canopy»
Subscribe to the Afternoon Brief Trending Story: Constellation Brands to Acquire 9.9 % Stake in Marijuana Company Canopy Growth for $ 245M Alcohol giant Constellation Brands Inc. is making a foray into marijuana, a precedent - setting move for an industry that has mostly stayed on the sidelines during the cannabis boom... Today's News: 3rd Annual US Wine -LSB-...]
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Canopy Growth Corp. reported Tuesday that it took a $ 1.6 - million loss in its fiscal second quarter, a slip that comes as the Smiths Falls, Ont. - based medical marijuana company gears up for Canada's planned legalization of recreational cannabis and basks in a ground - breaking deal with a U.S. - based beer giant.
Meanwhile, marijuana continued to be on the minds of many executives following Constellation Brands» $ 191 million investment in Canada's Canopy Growth Corporation — the world's largest publicly traded cannabis company.
With medical marijuana becoming more and more accepted in a number of countries around the world, and the money making potential for recreational marijuana being made legal in both the United States and Canada, Canopy is ahead of the game, being among the very first marijuana based companies to actually take themselves to the floor of a major international stock exchange.
Morgan first tried this strategy with Canopy Growth, the marijuana company.