Suede Classic Women's Lows Sneakers | Dusty Coral-Puma White | | 26994 PUMA Lows | PUMA United States bb44041

Suede Classic Women's Lows Sneakers | Dusty Coral-Puma White | | 26994 PUMA Lows | PUMA United States bb44041 -

Suede Classic Women's Lows Sneakers | Dusty Coral-Puma White | | 26994 PUMA Lows | PUMA United States bb44041
Business, Grow, News & Policy, News Canada's largest cannabis company pens historic $5 billion deal
Women's Leadcat Patent Slide Sandals | KNOCKOUT PINK-KNOCKOUT PINK , Basket Heart Patent Women's Sneakers | Peach Beige-Peach Beige | PUMA Heart Collection | PUMA United StatesBasket Women’s Bow Sneakers | Pearl-Pearl | PUMA Classics | PUMA United StatesMuse Satin II Wn's | Winsome Orchid-Smoky Grape | PUMA Chase Pack | PUMA United StatesDefy Women's Sneakers | Puma Black-Puma White , Amp XT Women’s Sneakers | Iron Gate-QuarryMuse Satin II Wn's | Whisper White-Brazilian Sand | PUMA Chase Pack | PUMA United StatesThunder Electric Women's Sneakers | White-Pink Lavender-Cement | PUMA Lows | PUMA United StatesAmp XT Women’s Sneakers | Puma White-Peacoat , Amp XT Women’s Sneakers | KNOCKOUT PINK-Puma WhiteMuse Satin II Wn's | Pomegranate-P White-Wtasting | PUMA Chase Pack | PUMA United StatesCalifornia Exotic Women's Sneakers | Puma Black-Metallic Ash , PUMA x BTS Turin Sneakers | Puma White-Puma Black | PUMA PUMA x BTS | PUMA United StatesPlatform Slide Digital Embroidery Women's Sandals | Puma Black-Silver-W.Orchid , Platform Slide Digital Embroidery Women's Sandals | Whisper White-Silver-Purple , Muse Satin II Wn's | Puma Black-Asphalt | PUMA Chase Pack | PUMA United States , PUMA x BTS Basket Patent Sneakers | Puma White-Puma Black | PUMA PUMA x BTS | PUMA United StatesCalifornia Exotic Women's Sneakers | Whisper White- White- Gold , PUMA x SG Defy Women's Sneakers | Gray Violet-Puma Aged Silver | PUMA PUMA X SG | PUMA United States , Amp XT Women’s Sneakers | Laurel Wreath-Forest Night , Hybrid Rocket Women's Running Shoes | PumaBlck-IronGate-KNCKOUTPNKHybrid Rocket Women's Running Shoes | GlacierGry-WinsmOrchid-WhiteAVID evoKNIT Mosaic Women’s Sneakers | FNight-LWreath-WOrchid | PUMA Womens | PUMA United States , Prowl Alt 2 Wn's | Puma Black-Puma Black , Amp XT Women’s Sneakers | Puma Black-Puma WhiteAvid evoKNIT Haze Running Shoes | Btrt Prp-Nrgy Ylw-Bscy Grn | PUMA Lifestyle | PUMA United StatesHybrid Rocket Women's Running Shoes | LaurlWrth-FrstNght-WnsmOrchd , AVID evoKNIT Mosaic Women’s Sneakers | Black-IronGate-WinsomeOrchid | PUMA Womens | PUMA United States , Prowl Alt 2 Wn's | Ribbon Red-Puma White
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.

GEOX D642na-geox LOW-TOP TRAINERS FOR WOMEN , GBBRAVO 3806 PLATFORM SANDALS FOR WOMEN , womens Tory Burch White Sandals CharacteristicTommy Hilfiger WERA 21B BrownNike Air Max 95 Premium - Sneakers - Men Nike Sneakers online on YOOX United Kingdom - 11579644KP , woman Birkenstock Arizona Sandals Highly appreciated and widely trusted in and out , DORKING Zapato Dorking De Piel Plateado 7152-mr ZAPATO PLANO PARA MUJERLADY Jeffrey Campbell Puffer Pearl Sandals Quality and quantity guaranteedNike Green and Black Women's Dc Half 2014 SneakersMTNG 69562 C23553 Pano Amarill TRAINERS FOR WOMENWOMENS Bakers Navy Suede Wedges Practical and economical , Keen Utility MT Vernon Mid Soft Toe , adidas X 18.2 FG World Cup PackSee by Chloé Leather Trim Wedge Sandalswomens Manolo Blahnik Purple Sandals price concessionsFred de la Bretoniere High heeled sandals , Nike SB STEFAN JANOSKI MAX - Trainersman/woman Bandolino Joppa Heels International big nameSteffen Schraut KINGS AVE - Mules , Crocs SLOANE DIAMANTE - Mules Colour: blackPepen Sole Platform boots Colour: khakiCaterpillar PRIME - High-top trainers - pavementman/woman Gold & Gravy Wooderson Sneakers & Athletic Gold & Gravy Valuable boutique , Diesel Court - Women Diesel Courts online on YOOX United Kingdom - 11484747IT , Fragiacomo Ankle Boot - Women Fragiacomo Ankle Boots online on YOOX United Kingdom - 11519556UAFratelli Rossetti Court - Women Fratelli Rossetti Courts online on YOOX United Kingdom - 11440626PTlow cost Via Spiga EllyRanked first in its class Jessica Simpson ParisahOluKai Huaka Refined with sophistication and finished with stylish detailing, you'll love kicking back in the OluKai Huaka sneaker mule! , WOMENS Miu Miu Brown Gemstone Sandals Excellent craft , 38aa74f73324dc8bea2c9471bbcae5a1?s=96&d=mm&r=g
Peter Nolan-Smith

Suede Classic Women's Lows Sneakers | Dusty Coral-Puma White | | 26994 PUMA Lows | PUMA United States bb44041 -

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]).