Sentences with phrase «cannabis company canopy»

Constellation Brands moves into cannabis with US$ 191m Canopy Growth Corp stake purchase Constellation Brands has agreed to purchase a near - 10 % stake in Canada - based medicinal cannabis company Canopy

Constellation Brands moves into cannabis with US$ 191m Canopy Growth Corp stake purchase Constellation Brands has agreed to purchase a near - 10 % stake in Canada - based medicinal cannabis company Canopy... read more

Not exact matches

Take Canopy, for example, the highest - valued Canadian cannabis company and one whose shares move in lockstep with the headlines.

On Monday, Constellation Brands — which sells Corona and Modelo and is the third - largest beer company in the US — announced it had acquired a 9.9 % stake in the Canadian cannabis holding company Canopy Growth.

For its fiscal year - to - date, Canopy says it has now sold 3,850 kilograms and kilograms equivalent of cannabis at an average price of $ 7.98 per gram, an increase over the 2,153 kilograms the company says it sold at an average price of $ 7.05 per gram for the six months ended September 30, 2016.

In the run - up to Canada's planned legalization of recreational pot this summer, cannabis companies such as Canopy have been on a fundraising tear

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.

Canopy Boulder, which welcomed its inaugural class of 10 companies in late March, is unique in that all of the nascent companies operate within the legal cannabis industry.

Canopy's bought deal with BMO is the second time that the cannabis company has managed to blaze a new trail in the industry: U.S. alcoholic beverage giant Constellation Brands Inc. purchased a nearly 10 per cent stake in Canopy last fall, the first time a major out - of - market player bought into the pot business.

Ontario - based Canopy described itself as a diversified cannabis company with more than a half million square feet of indoor and greenhouse production capacity.

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.

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-...]

Phil Shaer, general counsel and vice president, HR at Canopy Growth Corp., a diversified cannabis company, says the issue of protecting strains is on his radar.