LADY LADY Colin Shoes Stuart 25434 Formal Shoes Durable service 927c2cc


LADY LADY Colin Shoes Stuart 25434 Formal Shoes Durable service 927c2cc -

LADY LADY Colin Shoes Stuart 25434 Formal Shoes Durable service 927c2cc
Business, Grow, News & Policy, News Canada's largest cannabis company pens historic $5 billion deal
LADY Aquazzura Black Formal Shoes product quality , Ladies Balenciaga Purple Formal Shoes retail pricelady J.Crew Silver Pumps Formal Shoes Fashionwomens Christian Louboutin Sparkle/Gold Formal Shoes bestsell , woman Zara Orange Formal Shoes Perfect workmanship , womens Chloé Silver Formal Shoes Cheap orderLadies Manolo Blahnik Red Formal Shoes Affordablewomen Dior Black Evening Formal Shoes UniqueWOMENS Vince Camuto Silver Formal Shoes Wholesale , MISS Free People Formal Shoes Good market , MISS Nina Soft Pink Formal Shoes superiorwomen Alexander McQueen Black Formal Shoes Excellentwoman Tory Burch Pewter Formal Shoes promotion , ladies Lola Cruz Grey Formal Shoes Cheapest , womens Burberry Red Formal Shoes Beautiful artwomen Jimmy Choo Claudette Formal Shoes impeccableLadies Charlotte Russe Gold Formal Shoes CharacteristicLadies Rene Caovilla Green Formal Shoes Modern , women BP. Clothing Green Formal Shoes quality , womens Gold 4981676 Formal Shoes selling price , Women's Ann Taylor LOFT Formal Shoes wear-resistant , Ladies Light Beige/Cream Formal Shoes Customer first , WOMENS Clear Heels Formal Shoes retail priceWOMEN DKNY Black Formal Shoes Call first , lady J. Reneé Purple Formal Shoes Queensland , Women's Rampage Silver Formal Shoes Superior qualitywomen Nine West White Formal Shoes Elegant , ladies ZIGI soho Nude Formal Shoes finishingWOMENS Delicacy Gold Formal Shoes Charming design ,
Peter Nolan-Smith Aug 15, 2018 9:10 am 3,429

Canada’s largest cannabis company has announced they have closed the biggest deal in the history of the legal cannabis industry.

Constellation Brands, the alcoholic beverage company behind such brands as Corona and Svedka Vodka, announced today that they are acquiring 104.5 million shares of Canopy Growth, the country’s largest cannabis producer, for a total of $5 billion CND.

See also

This will increase Constellation Brands ownership interest in Canopy Growth to approximately 38%. The shares are being bought at a price of $48.60 each, which is a 51.2% premium to the closing price on August 14, 2018. The announcement caused Canopy’s stock price to shoot up by over 30% this morning.

“This is rocket fuel,” said Bruce Linton, Chairman and Co-CEO of Canopy Growth, on a company earnings call on Wednesday. “We’re going to be way more global.”

This investment, the largest to date in the cannabis space, will provide a financial means by which Canopy Growth plans to continue to build and acquire assets to expand into the nearly 30 countries pursuing federally permissible medical pot programs.

“Through this investment, we are selecting Canopy Growth as our exclusive global cannabis partner,” said Rob Sands, CEO of Constellation Brands, in a release. “Over the past year, we’ve come to better understand the cannabis market, the tremendous growth opportunity it presents, and Canopy’s market-leading capabilities.”

“We look forward to supporting Canopy as they extend their recognized global leadership position in the medical and recreational cannabis space.”

Founded in 2013, Canopy Growth has become a leader in Canada’s legal cannabis market. It has an established a global presence in 11 countries, while aquiring other names in Canadian pot like Tweed and Spectrum Cannabis.

“Our business can now make the strategic investments required to accelerate our market position globally,” said Linton. “Constellation’s concentration of global cannabis activities exclusively through Canopy, coupled with the investment and its expert capabilities… will be a huge benefit as we look to expand our portfolio in Canada, the United States and emerging cannabis markets around the globe.”

Canopy Growth will remain a Canadian company with its headquarters in Smiths Falls, Ontario, and will continue to be led by its existing management team.

This deal follows the recent announcement by iconic brewer Molson and Canadian cannabis company Hydropothecary that they would be forming a strategic partnership to produce a non-alcoholic beverage infused with cannabis. Neither Constellation or Canopy have indicated if they intend to produce a similar product.

Get direct access to our top weekly content, contests, and perks.

Sergio Rossi Ankle Boot - Women Sergio Rossi Ankle Boots online on YOOX United Kingdom - 11412228KR , Fenty Puma By Rihanna Surf Slide - Sandals - Men Fenty Puma By Rihanna Sandals online on YOOX United Kingdom - 11526120IK , John Richmond Black Label Court - Women John Richmond Black Label Courts online on YOOX United Kingdom - 11059651IN , WOMEN Jimmy Choo Tan Platforms High quality productswomens Aquatalia Black Karat Sandals Attractive and durableMISS Cole Haan Black Estrella Sandals Comfortable touchMen/Women Not Rated Auriga Boots Fine wildBianco HOCHFRONT - Ankle boots , Dune London GLORYA - Slip-onsman/woman Mephisto Elettra Flats Make full use of materialsmens/womens Baretraps Vida Clogs & Mules Online export storemens/womens Rupert Sanderson Estelle Heels Good world reputationKat Maconie WHITNEY - Platform boots Colour: black/goldAsh Sandals - Women Ash Sandals online on YOOX United Kingdom - 11363181GI , Native Sneakers - Men Native Sneakers online on YOOX United Kingdom - 11338422ER , man/woman Rockport Rock Cove Sneakers & Athletic Rockport Very practicalman/woman Supply Lab Dani Sneakers & Athletic Supply Lab discountLm Loafers - Women Lm Loafers online on YOOX United Kingdom - 11501147IS , Ebarrito Loafers - Women Ebarrito Loafers online on YOOX United Kingdom - 11458690CJGuess Sandals - Women Guess Sandals online on YOOX United Kingdom - 11366471AVValleverde Loafers - Women Valleverde Loafers online on YOOX United Kingdom - 11553127WP , Cuplé Boots - Women Cuplé Boots online on YOOX United Kingdom - 11558364OTHavaianas Flip Flops - Women Havaianas Flip Flops online on YOOX United Kingdom - 11496844AHCheap order El Naturalista Wakataua N413negotiation Diadora Primo MD LPUleading the fashion New Balance MW577Hermès Tan Nude Leather Wood Block Platform Heel Buckle Slide M Sandals , Jimmy Choo Gold Women's Metallic Chiara Mirrored Crisscross Wedge Sandals , WOMEN Burberry Beige Check Trainers Sneakers to buy , Women's Chloé Brown Ch26174 Sandals Excellent performance 38aa74f73324dc8bea2c9471bbcae5a1?s=96&d=mm&r=g
Peter Nolan-Smith

LADY LADY Colin Shoes Stuart 25434 Formal Shoes Durable service 927c2cc -

Peter is the Online Editor at Daily Hive Toronto. He's deeply interested in fringe political movements, issues around cannabis reform and your latest news tip ([email protected]).