Adidas HEELS Forever VAMP New DARLA CROSS VAMP BLOCK HEELS - - Sandals - black 41ed3b8

Adidas HEELS Forever VAMP New DARLA CROSS VAMP BLOCK HEELS - - Sandals - black 41ed3b8 -

Adidas HEELS Forever VAMP New DARLA CROSS VAMP BLOCK HEELS - - Sandals - black 41ed3b8
Business, Grow, News & Policy, News Canada's largest cannabis company pens historic $5 billion deal
Adidas Puma RS-0 808 - Trainers - puma white/dazzling blue/high risk redAdidas Puma MUSE MAIA CHASE - Trainers - puma black/knockout pink/biscay green , Adidas adidas Originals EQT SUPPORT - Slip-ons - core black/tactile pink/footwear whiteAdidas adidas Originals EQT SUPPORT - Slip-ons - footwear white/grey one/grey threeAdidas Lauren Ralph Lauren SUPER SOFT RIA - Slip-ons - artist creamAdidas adidas Originals FOREST GROVE - Trainers - clear orange/cloud white/core black , Adidas Converse CHUCK TAYLOR ALL STAR - High-top trainers - dark stucco , Adidas Nike Sportswear AIR SPAN - Trainers - desert sand/summit white/mica greenAdidas Lost Ink PLAIN STILETTO KNEE - High heeled boots - black , Adidas Converse CHUCK TAYLOR ALL STAR '70 OX - Trainers - black/egret , Adidas Converse CHUCK TAYLOR ALL STAR - High-top trainers - black/whiteAdidas Tommy Hilfiger CORPORATE BELT LONG RAIN BOOT - Wellies - blackAdidas Nike Performance AIR MAX 2017 - Neutral running shoes - black/white/anthraciteAdidas adidas Originals SUPERSTAR SLIP ON - Slip-ons - core black/footwear white , Adidas Jack Wolfskin THUNDER BAY TEXAPORE HIGH - Winter boots - phantom , Adidas Nike Sportswear AIR FORCE 1 '07 - Trainers - white/medium oliveAdidas Lost Ink SIMPLE BUCKLE STILETTO - High heeled boots - blackAdidas Public Desire EMPIRE - High heeled ankle boots - green metallicAdidas Tommy Hilfiger METALLIC CHELSEA - Classic ankle boots - blackAdidas Shoe The Bear BICH - Classic ankle boots - blackAdidas Head over Heels by Dune ALEXXA - High heels - brown , Adidas Dorothy Perkins Wide Fit WIDE FIT TWISTER - Boots - blackAdidas adidas Originals PW TENNIS HU - Trainers - footwear white/core whiteAdidas Shoe The Bear CECI - Classic ankle boots - blackAdidas Chie Mihara JUANI - Classic heels - ante nuit/ante grape/ginza oroAdidas Calvin Klein Jeans SHANNA - High heeled ankle boots - black , Adidas Converse CHUCK TAYLOR ALL STAR HI - High-top trainers - navy/egret , Adidas Tommy Hilfiger COZY WARMLINED BOOT - Platform boots - decadent chocolate , Adidas Zadig & Voltaire EMPRESS CLOUS - Classic ankle boots - noir ,
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.

Elisabetta Franchi Ankle Boot - Women Elisabetta Franchi Ankle Boots online on YOOX United Kingdom - 11514230DH , Jimmy Choo Ankle Boot - Women Jimmy Choo Ankle Boots online on YOOX United Kingdom - 11463778KHEmanuela Passeri Ballet Flats - Women Emanuela Passeri Ballet Flats online on YOOX United Kingdom - 11444647AM , Stuart Weitzman Beige Milanese Mid Sandals , Donald J. Pliner Grey- Beige Suede with A Little Silver Leafing Effect I Don’t Have It Anymore Sandals , Converse All Star Ct As Sp - Sneakers - Men Converse All Star Sneakers online on YOOX United Kingdom - 11551154GO , SENDRA BOOTS 11840 FASHION BOOTS FOR WOMENmen/women Sofft Salerno Oxfords Online export storemen/women Via Spiga Delaney Boots qualityCanvas wedge sandals , black, CastalunaAigle LANDFOR - Wellies Colour: noir , Steve Madden | Steve Madden Lashes Jewel Slider Sandal , mens/womens MA&LO Platform boots best sellerecco SOFT MENS - Slip-ons - marinemen/women Saucony Kineta Relay Wool Sneakers & Athletic Saucony Explosive good goods , men's/women's Aetrex Essence Adele Boots A balance between toughness and hardness , Selected Homme | Selected Homme suede desert boot with teddy lining , Sergio Rossi Boots - Men Sergio Rossi Boots online on YOOX United Kingdom - 11543978HDAdidas Converse CHUCK TAYLOR ALL STAR '70 OX - Trainers - green/black/egret , Fiorifrancesi Sandals - Women Fiorifrancesi Sandals online on YOOX United Kingdom - 11422930EUAtelier Mercadal Court - Women Atelier Mercadal Courts online on YOOX United Kingdom - 11405334VSOroscuro Flip Flops - Women Oroscuro Flip Flops online on YOOX United Kingdom - 11376979UP , Emanuela Passeri Court - Women Emanuela Passeri Courts online on YOOX United Kingdom - 11444682AECrazy price Ariat High Desert , Moderate cost Frye Ashland Chukka , Flojos Luna Your summer style is set with the versatile look of the Flojos® Luna sandal!Baffin Hunter Stay stable on the terrain and warm in colder conditions with the tough yet comfortable Hunter boot from Baffin®. , OluKai Ho'opio Simple, slim, and fun - the OluKai Ho'opio sandal will be your summer staple!
  • Water-resistant, man-made material designed to look or function like leather , Tory Burch Natural/Bright Navy Skyler Quilted Sneaker - Linen Fabric - Natural/Bright Sneakersadidas White New Womens Nmd Sneakers with Pink Accent Sneakers 38aa74f73324dc8bea2c9471bbcae5a1?s=96&d=mm&r=g
  • Peter Nolan-Smith

    Adidas HEELS Forever VAMP New DARLA CROSS VAMP BLOCK HEELS - - Sandals - black 41ed3b8 -

    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]).

    © 2018 Buzz Connected Media Inc.