Adidas Steve 25689 Trainers Madden Steve FOXY - Trainers - grey 2351045

Adidas Steve 25689 Trainers Madden Steve FOXY - Trainers - grey 2351045 -

Adidas Steve 25689 Trainers Madden Steve FOXY - Trainers - grey 2351045
Business, Grow, News & Policy, News Canada's largest cannabis company pens historic $5 billion deal
Adidas ALDO LOVERANI - High heels - blackAdidas Wallis COOPER - Classic heels - black , Adidas KangaROOS RIVETER - Ankle boots - offwhite , Adidas Emporio Armani JANET - Boots - blackAdidas Reebok Classic High-top trainers - bare beige/white , Adidas ecco SOFT LADIES - Slip-ons - blackAdidas Replay RHODAN - Cowboy/Biker boots - black/red , Adidas Puma CALIFORNIA EXOTIC - Trainers - whiteAdidas Ted Baker LYKLA - Boots - tanAdidas Carmela High heeled ankle boots - camel , Adidas Alma en Pena High heels - whiteAdidas Esprit NOLA - Boots - black , Adidas Versace Jeans Classic ankle boots - black , Adidas Unisa EDWIN - Cowboy/Biker boots - black , Adidas Felmini CREPA - Ankle boots - tobacco , Adidas Steve Madden RAGE - Mules - silverAdidas Oxitaly SANDRA - Classic heels - rossetto , Adidas River Island Classic ankle boots - purple , Adidas PERLATO Classic ankle boots - siena noirAdidas Everybody Classic ankle boots - glove neroAdidas Carvela Comfort CLAYTON - Mules - gold , Adidas Gabor WIDE FIT - Trainers - barolo , Adidas TOM TAILOR DENIM Ankle boots - black , Adidas Shabbies Amsterdam Classic ankle boots - grey , Adidas New Balance ML574 - Trainers - pigment , Adidas GANT KELLY - Slip-ons - port redAdidas Wallis CALISTA - Classic heels - white/blackAdidas Dune London TRAVISS - Boots - tanAdidas Geox PORTHYA - Cowboy/Biker boots - 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.

Loretta Pettinari Ankle Boot - Women Loretta Pettinari Ankle Boots online on YOOX United Kingdom - 11254296HELove Moschino Ankle Boot - Women Love Moschino Ankle Boots online on YOOX United Kingdom - 11451133HR , Leather Crown Sneakers - Women Leather Crown Sneakers online on YOOX United Kingdom - 11512787DF , Creation Of Minds Ankle Boot - Women Creation Of Minds Ankle Boots online on YOOX United Kingdom - 11553559XJLadies Tom Ford Python Pump Platforms Low price , Ladies Unisa Natural Snake Wedges German Outlets , lilimill LUNA - Classic heels Colour: abel neroVaude TVL HJUL - Cycling shoes Colour: anthracite , mens/womens Tamaris Hila 1-1-25455-29 Boots Lush design , Paloma Barceló LILO - Heeled mules , mens/womens Frye Sienna Grommet Flats Export , Kenneth Cole New York Major Ticket , Men/Women Donald J Pliner Devi2 Boots Explosive good goods , man/woman David Tate Eve Heels Cheaper than the priceMen/Women Vans Authentic Sneakers & Athletic Vans Modern mode , Converse | Converse Chuck Taylor High Sneakers In Red , Public Desire DIRECT - High heeled boots Colour: black , men's/women's Nine West Jackpot 5 Heels special promotionWalsh Boots - Men Walsh Boots online on YOOX United Kingdom - 11311125OKSantoni Boots - Men Santoni Boots online on YOOX United Kingdom - 11482177WL , Pantofola d`Oro NEW STAR - Moulded stud football boots - nero , men's/women's Report Ammo Sneakers & Athletic Report Orders are welcomePony Sneakers - Women Pony Sneakers online on YOOX United Kingdom - 11353787HHGeox Court - Women Geox Courts online on YOOX United Kingdom - 11409356VD , Felmini Sneakers - Women Felmini Sneakers online on YOOX United Kingdom - 11364149BD , Pokemaoke Sneakers - Women Pokemaoke Sneakers online on YOOX United Kingdom - 11404823MBGiorgio Armani Loafers - Women Giorgio Armani Loafers online on YOOX United Kingdom - 11475347RE , Roper Brianna The Roper Brianna cowgirl boot has a simply lovely style that will complement both Western and other casual looks!Isabel Marant Cobalt Blue Light Blue and Off White 40183 Sneakers , LADY Jimmy Choo Black Sexy Sandals Big sale 38aa74f73324dc8bea2c9471bbcae5a1?s=96&d=mm&r=g
Peter Nolan-Smith

Adidas Steve 25689 Trainers Madden Steve FOXY - Trainers - grey 2351045 -

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]).