Adidas Bogner NEW MERIBEL - Adidas Cowboy/Biker Cowboy/Biker - boots - black 7c79897

Adidas Bogner NEW MERIBEL - Adidas Cowboy/Biker Cowboy/Biker - boots - black 7c79897 -

Adidas Bogner NEW MERIBEL - Adidas Cowboy/Biker Cowboy/Biker - boots - black 7c79897
Business, Grow, News & Policy, News Canada's largest cannabis company pens historic $5 billion deal
Adidas J.CREW CHOKED UP CELIA - Classic heels - blackAdidas Converse CHUCK 70 OX - Trainers - true navy/black/egretAdidas Puma THUNDER DESERT - Trainers - smoke green/silver greenAdidas Dorothy Perkins ARENA - Classic ankle boots - black , Adidas RAID MOEISHA - High heeled ankle boots - black/whiteAdidas Paradox London Pink CHANNAH - High heels - champagne , Adidas ALDO AURELLA - High heeled ankle boots - redAdidas Puma BASKET PLATFORM ANIMAL - Trainers - dusty coral/silver , Adidas Kenneth Cole New York TYLER - Trainers - whiteAdidas Steve Madden PIERCING - High heeled sandals - natural , Adidas Sams?e & Sams?e BURMA 9638 - Trainers - whiteAdidas Puma SUEDE CLASSIC PINCORD - Trainers - buckthorn brownAdidas Clarks Originals MARGOT FREE - Ballet pumps - black , Adidas adidas Originals GAZELLE - Trainers - petrol night/footwear whiteAdidas Pieces PSDELTA - Ankle boots - brigth whiteAdidas Vans SK8-HI - High-top trainers - dry rose/true white , Adidas Kennel + Schmenger LIZ - Classic heels - ocean , Adidas Converse ONE STAR HEAVY METALLIC - Trainers - silverAdidas Polo Ralph Lauren COURT 125 - Trainers - blackAdidas Reebok Classic ARCTIC BOOT - High-top trainers - black/chalk/camel/pinkAdidas Tommy Hilfiger BUCKLE HIGH BOOT - Boots - brown , Adidas Superga 2795 - High-top trainers - full green military , Adidas Puma MUSE MAIA UP - Trainers - winsome orchid , Adidas AllSaints ESMA - High heeled ankle boots - black , Adidas Vans OLD SKOOL - Trainers - desert sage/true white , Adidas Vagabond KENOVA - Classic ankle boots - black , Adidas adidas Originals HANDBALL SPEZIAL - Trainers - dark grey , Adidas Clarks POISE FREYA - Classic ankle boots - blackAdidas adidas Originals EQT SUPPORT - Trainers - green
Adidas Bogner NEW MERIBEL - Adidas Cowboy/Biker Cowboy/Biker - boots - black 7c79897 -
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.

Studio Pollini Ankle Boot - Women Studio Pollini Ankle Boots online on YOOX United Kingdom - 11517726BP , O'dan Li Ankle Boot - Women O'dan Li Ankle Boots online on YOOX United Kingdom - 11550237HTLaura Biagiotti Flip Flops - Women Laura Biagiotti Flip Flops online on YOOX United Kingdom - 11570693OS , Jeffrey Campbell Court - Women Jeffrey Campbell Courts online on YOOX United Kingdom - 11037763VT , Crocs Classic Lined Realtree Edge ClogCommon Projects Pink Achilles Suede Sneakers , iP8rJHIt men's/women's Repetto Anna Flats superior , Muse evoKNIT Women's Sneakers | Laurel Wreath-Laurel Wreath | PUMA Last chance in your size | PUMA United States , women Christian Lacroix Yellow Formal Shoes Elegant and stable packagingGivenchy Multicolored Snake Skin Slip On Sneaker SneakersWOMEN Vince Camuto Blue Ryssa Wedges Queensland , Ladies Nine West Pink Wedges New design , womens Black Python Alicudi Sandals Year-end salesmen/women Comfortiva Naples Softspots Heels Complete specificationSelected Homme | Selected Homme Desert Loafer , Cassis c?te d'azur IFRANE - Mules , SKECHERS Performance Go Walk 4 - Serenity , Tommy Hilfiger | Tommy Hilfiger suede mix sneaker in whitemen's/women's Dr. Martens Cavendish Knit Oxfords the most convenientmens/womens Hush Puppies Chardon Fisherman Sandals Great variety , Calvin Klein NAPOLEON - Trainers - midnight , Vans Sneaker - Men Vans online on YOOX United Kingdom - 44576192SV , men/women Body Glove Kauai Sneakers & Athletic Body Glove Excellent valueMizuno Sneakers - Women Mizuno Sneakers online on YOOX United Kingdom - 11538033LD , Axel Sneakers - Women Axel Sneakers online on YOOX United Kingdom - 11491073WUMercedes Castillo Sandals - Women Mercedes Castillo Sandals online on YOOX United Kingdom - 11449113FVLADY Black Q161 Wedges Fast delivery , International big name New Balance FREEZBv2 LacrosseGreat variety FLY LONDON YAJI888FLYWOMEN Christian Louboutin Nude Ghildarc Platforms Professional design 38aa74f73324dc8bea2c9471bbcae5a1?s=96&d=mm&r=g
Peter Nolan-Smith

Adidas Bogner NEW MERIBEL - Adidas Cowboy/Biker Cowboy/Biker - boots - black 7c79897 -

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]).