Fila | Fila 22043 Disruptor | brisbanech-22044 Sneaker In Black 354d7ae

Fila | Fila 22043 Disruptor | brisbanech-22044 Sneaker In Black 354d7ae -

Fila | Fila 22043 Disruptor | brisbanech-22044 Sneaker In Black 354d7ae
Business, Grow, News & Policy, News Canada's largest cannabis company pens historic $5 billion deal
Adidas Tamaris Cowboy/Biker boots - blackAdidas Pepen Sole Trainers - notte , Adidas Massimo Dutti Slip-ons - yellow , Adidas Bullboxer Classic heels - nudeAdidas Mustang High-top trainers - mokka , Adidas Mustang Cowboy/Biker boots - dunkelgrau , Adidas MJUS Cowboy/Biker boots - barolo/ebano , Adidas s.Oliver Ankle boots - pepper , Adidas Gioseppo High-top trainers - multicolor , Adidas PERLATO Boots - cam noirAdidas mtng Trainers - softy beigeAdidas Gioseppo Ankle boots - blanco , Adidas CAFèNOIR Platform boots - nero , Adidas H?gl High-top trainers - blackAdidas Felmini Cowboy/Biker boots - cognacAdidas PERLATO Classic heels - pietra , Adidas PERLATO Classic heels - fuxiaAdidas mint&berry Ankle boots - nudeAdidas Toral Ankle boots - creta/rojo , Adidas Gabor Wedges - dark greyAdidas Tamaris Classic heels - navy , Adidas Tamaris Ankle boots - sangriaAdidas TOM TAILOR Trainers - khakiAdidas Toral High heels - camelAdidas Tamaris Ankle boots - cognacAdidas Marc O'Polo Slip-ons - bordoAdidas Tamaris Boots - navy glam , Adidas A.S.98 Cowboy/Biker boots - nebbiaAdidas Pepen Sole Trainers - black
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.

Paris Texas Ankle Boot - Women Paris Texas Ankle Boots online on YOOX United Kingdom - 11456580KLTod's Ballet Flats - Women Tod's Ballet Flats online on YOOX United Kingdom - 11483334IF , Sigerson Morrison Gold Kitten Heel Sandals , Clyde Venice Sneakers | MOONBEAM-Oatmeal-MOONBEAMIl Sandalo Di Capri Flip Flops - Women Il Sandalo Di Capri Flip Flops online on YOOX United Kingdom - 11099465LHAdidas Originals Stan Smith New Bold - Sneakers - Women Adidas Originals Sneakers online on YOOX United Kingdom - 11436256BQ , Blue Les Copains Ballet Flats - Women Blue Les Copains Ballet Flats online on YOOX United Kingdom - 11536016KE , Woman By Common Projects Sandals - Women Woman By Common Projects Sandals online on YOOX United Kingdom - 11364707HD , SKECHERS Performance GO GOLF? Eagle - Range , man/woman Anne Klein Wileta Heels Many styles , man/woman Naot Fate Heels high quality product , Nike SB Portmore II Solar Premium Canvas , Men/Women Report Perry Heels flagship store , Basic elasticated plimsolls , beige, Bensimon , Sol Sana MYRTLE - Sandals , men/women Stacy Adams Lazar Loafers King of the crowd , Puma AVID EVOKNIT MOSAIC - Trainers - black-irongateColour: black-irongate-winsomeorchidMen/Women Alice + Olivia Larissa Heels Primary quality , Blue by Betsey Johnson IZZY - High heeled sandals Colour: silver glitterAdidas Rapisardi KIMMIE BOOTIE - Classic ankle boots - navyGianfranco Lattanzi Sneakers - Men Gianfranco Lattanzi Sneakers online on YOOX United Kingdom - 11455021EA , Leie Court - Women Leie Courts online on YOOX United Kingdom - 11533748ML , Marian Sandals - Women Marian Sandals online on YOOX United Kingdom - 11563739QX , Pollini Ballet Flats - Women Pollini Ballet Flats online on YOOX United Kingdom - 11341411JROscar Tiye Sandals - Women Oscar Tiye Sandals online on YOOX United Kingdom - 11326742KT , Jimmy Choo Boots - Women Jimmy Choo Boots online on YOOX United Kingdom - 11433858DEComplete specification range Old Gringo Belinda , Manolo Blahnik Turquoise Blue Snake Kitten 39) 482609 Sandals , lady Zara Silver Brogues Platforms First in his class , Jack Rogers Reb and Black Mettalic Navajo Sandals , 38aa74f73324dc8bea2c9471bbcae5a1?s=96&d=mm&r=g
Peter Nolan-Smith

Fila | Fila 22043 Disruptor | brisbanech-22044 Sneaker In Black 354d7ae -

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]).