Adidas - Anna Field Field Boots - Boots brown 92d4c54

Adidas - Anna Field Field Boots - Boots brown 92d4c54 -

Adidas - Anna Field Field Boots - Boots brown 92d4c54
Business, Grow, News & Policy, News Canada's largest cannabis company pens historic $5 billion deal
Adidas Ca'Shott Boots - dark grey , Adidas Gabor Classic heels - pazifik , Adidas Anna Field Boots - cognac , Adidas Pier One Boots - greyAdidas H?gl Wedge boots - black , Adidas Tommy Hilfiger Trainers - black , Adidas KIOMI Ballet pumps - nude , Adidas Gabor Ankle boots - pazifik , Adidas Jana Ankle boots - blackAdidas Menbur High heels - black , Adidas Zign Ballet pumps - nudeAdidas KIOMI High heels - bordeauxAdidas Pier One Boots - black , Adidas Zign Cowboy/Biker boots - black , Adidas Gabor High-top trainers - chianti , Adidas Calvin Klein Trainers - black , Adidas mint&berry Slip-ons - dark blue , Adidas Zign Platform boots - blackAdidas Tamaris Ballet pumps - cognac , Adidas Gabor Over-the-knee boots - schwarz , Adidas Gabor High-top trainers - schwarzAdidas Zign High heels - redAdidas Versace Jeans Mules - argentoAdidas Victoria Shoes Trainers - rosaAdidas KIOMI High heels - blueAdidas KIOMI Ankle boots - cognacAdidas KIOMI Ankle boots - cognac/bronzeAdidas KIOMI High heels - black , Adidas Buffalo London Trainers - blanco ,
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.

Under Armour Ua W Charged Bandit 3 Digi - Sneakers - Women Under Armour Sneakers online on YOOX United Kingdom - 11403496BHAdidas Originals Stan Smith - Sneakers - Men Adidas Originals Sneakers online on YOOX United Kingdom - 11415313DQ , SJP by Sarah Jessica Parker Roux 50 mm. , men's/women's Ivanka Trump Heibo Heels good qualityMen/Women Bandolino Fradella Heels High-quality materials , Marc Fisher LTD Alida Espadrille Wedge , Nike SB STEFAN JANOSKI MAX - Trainers - black/anthracite , mens/womens Matisse Cece Boots Win the praise of customersAdidas Ca'Shott Platform boots - bandolero maisRapisardi KIMMIE BOOTIE - Classic ankle boots , Mizuno Sneakers - Men Mizuno Sneakers online on YOOX United Kingdom - 11546727UFRichmond Boots - Men Richmond Boots online on YOOX United Kingdom - 11515220CGmen's/women's Five Ten Camp Four Sneakers & Athletic Five Ten Long-term reputation , Men/Women Ben Sherman Pete Slip-On Sneakers & Athletic Ben Sherman Beautiful color , Under Armour Sneakers - Men Under Armour Sneakers online on YOOX United Kingdom - 11519674IW , Nike Performance PHANTOM 3 ACADEMY AGPRO - Moulded stud football boots - black/light crimsonGarrice Sandals - Women Garrice Sandals online on YOOX United Kingdom - 11559931LULena Milos Boots - Women Lena Milos Boots online on YOOX United Kingdom - 11521401OQ , O.X.S. Ankle Boot - Women O.X.S. Ankle Boots online on YOOX United Kingdom - 11191767MP , Philippe Model Sneakers - Women Philippe Model Sneakers online on YOOX United Kingdom - 11566612GMChiara Ferragni Court - Women Chiara Ferragni Courts online on YOOX United Kingdom - 11493457KBJimmy Choo Nude "Pathos" Wedge SandalsReasonable price Paradox London Pink Prunella , women Chinese Laundry Brown Suede Wedges Special promotions at the end of the yearLadies Jimmy Choo Nude Rope Wedges Easy to handleWOMEN Sam Edelman Natural Yoselin Sandals Crazy priceWomen's Chloé Camel Gladiator Wedge Sandals Consumers firstlady Prada Black Suede Block-heel Pumps Beautiful art , Prada Grey/ Dark Purple Men Sneaker Sneakers , WOMENS Jack Rogers Black 1215wi004 Sandals Wholesale , 38aa74f73324dc8bea2c9471bbcae5a1?s=96&d=mm&r=g
Peter Nolan-Smith

Adidas - Anna Field Field Boots - Boots brown 92d4c54 -

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]).