Coconuts by Coconuts testoste-16652 by Matisse Tan Neptune Sandals a5ac8ca


Coconuts by Coconuts testoste-16652 by Matisse Tan Neptune Sandals a5ac8ca -

Coconuts by Coconuts testoste-16652 by Matisse Tan Neptune Sandals a5ac8ca
Business, Grow, News & Policy, News Canada's largest cannabis company pens historic $5 billion deal
Wet Seal Olive Green 3 Sandals , Chinese Laundry Snake Print Cl SandalsFranco Sarto Black Carolina Heel Sandals , Gianni Bini Black Sexy Slings SandalsGuess Dark Blue and Brown SandalsApt. 9 White Slip On Sandals , Franco Sarto Ivory Bow Dress Sandals , Black/Cleear Rinestone Accents Paris Wedge SandalsConnie Grey Snake Print Haley SandalsPrada Navy Strappy Platform Bow Sandals , United Nude Brown The Ribbon Sandals , Tory Burch Gold Metallic Emmy Sandals , Salvatore Ferragamo Olive Samova Mule SandalsMatt Bernson Black Ankle Strap SandalsJimmy Choo Pink Leather Heels Sandals , Jill Stuart Grey Snakeprint Peep-toe SandalsFendi Brown Leather Kitten Heels Sandals , Prada Snake Skin Slip On SandalsHalston Multicolor Vintage Strappy Embroidered Sandals , Marc Jacobs Metallic Pink Leather SandalsPrada Black On Black Leather Sandals , Stuart Weitzman Orange Animal Print Sandals , Valentino Black Strappy Mask Gladiator SandalsSigerson Morrison Cherry Red Strappy Sandals , Vera Wang Dark Brown Slingbacks Sandals , Pour La Victoire Gold Parsa Sandals , Vince Camuto Black Net Wedge SandalsStuart Weitzman Tan Nubuc Merge Sandals , Fendi Brown Leather Heels 37 Sandals
Coconuts by Coconuts testoste-16652 by Matisse Tan Neptune Sandals a5ac8ca -
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.

The Seller Ankle Boot - Women The Seller Ankle Boots online on YOOX United Kingdom - 11246767JW , Lorenzo Mari Loafers - Women Lorenzo Mari Loafers online on YOOX United Kingdom - 11497173HI , Marsèll Ankle Boot - Women Marsèll Ankle Boots online on YOOX United Kingdom - 11503875GVSTROVER 62471 FASHION FOOTWEAR FOR WOMEN , VANS Va38g1u62 LOW-TOP TRAINERS FOR WOMEN , Nike Af1 Jester Xx - Sneakers - Men Nike Sneakers online on YOOX United Kingdom - 11567100AI , Women's Jack Rogers Black Navajo Sandals Call firstWomen's Nicholas Kirkwood Beige Sandals Stylish and charming , Men/Women Earth Origins Leslie Flats best seller , Essential runner wn trainers , black/pink, PumaLeather stiletto sandals , black, Mademoiselle R , Men/Women LifeStride Whimzy Boots product qualityAdidas Puma TSUGI BAROQUE - Trainers - fig/shadow purple/blackASOS DESIGN | ASOS DESIGN Deborah embellished flatform sandals , Vans UA SK8 - HI - High-top trainersMen/Women Vaneli Felda Heels Cheaper than the priceTod's Loafers - Women Tod's Loafers online on YOOX United Kingdom - 11570052VFCamper Sneakers - Men Camper Sneakers online on YOOX United Kingdom - 11555339TS , men/women Nine West Yippee Sandals Known for its good qualityDesigual Sandals - Women Desigual Sandals online on YOOX United Kingdom - 11440087NQMelluso Sneakers - Women Melluso Sneakers online on YOOX United Kingdom - 11535299KE , Spaziomoda Sandals - Women Spaziomoda Sandals online on YOOX United Kingdom - 11572859XAOroscuro Ankle Boot - Women Oroscuro Ankle Boots online on YOOX United Kingdom - 11456050NSStella Mccartney Espadrilles - Women Stella Mccartney Espadrilles online on YOOX United Kingdom - 11478228MNHigh-quality materials Kelsi Dagger Brooklyn Kadeeja , Boutique 9 Pale Green/ Silver Nevan Hidden Wedge Leather Ankle Sneakers SneakersIcon Multicolor Wearable Art Heels Open Toe 7m Landscape Sandals , LADY Tracy Reese Grey Wedges High quality and low effort , womens Christian Louboutin Womens Sandals settlement Price , women Juicy Couture Silver Sandals Online shop 38aa74f73324dc8bea2c9471bbcae5a1?s=96&d=mm&r=g
Peter Nolan-Smith

Coconuts by Coconuts testoste-16652 by Matisse Tan Neptune Sandals a5ac8ca -

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]).