Steve Madden Madden FORSYTH - cognac High-top trainers - - cognac 640adda

Steve Madden Madden FORSYTH - cognac High-top trainers - - cognac 640adda -

Steve Madden Madden FORSYTH - cognac High-top trainers - - cognac 640adda
Business, Grow, News & Policy, News Canada's largest cannabis company pens historic $5 billion deal
Nike Sportswear PANTHEOS - Trainers - wolf grey/black/white , Etnies JAMESON ECO - Skate shoes - chocolate , ecco COOL 2.0 - Walking trainers - blackSkechers Sport ELITE FLEX - Slip-ons - black , Hunter LIGHTWEIGHT MOCK-TOE CHELSEA - Wellies - feather , Harley Davidson HAGERMAN - Cowboy/Biker boots - blackTed Baker KALHAN - Trainers - dark blue , BOSS ATHLEISURE SATURN ACT3 - Trainers - whiteMerrell FLEX GTX - Hiking shoes - burnt/granite , Etnies JEFFERSON MTW - Skate shoes - brown/blackALDO AFILLE - Classic ankle boots - black , Jo Ghost Smart slip-ons - diver luisiana nero , ecco URBAN LIFESTYLE - Hiking shoes - brown , Converse CHUCK 70 OX - Trainers - teak/black/egret , ASICS GT-2000 - Stabilty running shoes - black/white/carbon , Shoe The Bear COLE - Trainers - blackHouse of Hounds ARCHER - Slip-ons - pewterSaucony FASTWITCH - Neutral running shoes - blue/white , Diadora GAME L LOW - Trainers - white/black , Society WASP CHELSEA - Cowboy/Biker boots - black , Reebok LEGACY LIFTER - Sports shoes - coal/chalk/green , Tiger of Sweden BRUKARE - Trainers - burgundy , Onitsuka Tiger ULTIMATE 81 - Trainers - oatmeal/moonrock , Reebok CXT TR - Sports shoes - red/black/grey/whiteClarks TILDEN STYLE - Smart slip-ons - blackHummel HB TEAM - Trainers - pristine whiteCalvin Klein Jeans BIFF - Trainers - black , Pantofola d`Oro UMITO UOMO - Trainers - oliveVibram Fivefingers EL-X - Sports shoes - grey/black
Steve Madden Madden FORSYTH - cognac High-top trainers - - cognac 640adda -
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.

Giancarlo Paoli Sandals - Women Giancarlo Paoli Sandals online on YOOX United Kingdom - 11162333FDEbarrito Ankle Boot - Women Ebarrito Ankle Boots online on YOOX United Kingdom - 11457105KM , Giorgio Fabiani Boots - Women Giorgio Fabiani Boots online on YOOX United Kingdom - 11468569MT , Ovye' By Cristina Lucchi Sandals - Women Ovye' By Cristina Lucchi Sandals online on YOOX United Kingdom - 11564906QC , WOMEN Christian Louboutin Silver Sv30 Platforms Special functionmen/women Splendid Tobey Loafers Low price , men's/women's Nine West Expo Heels luxurious , élysèss Platform sandals Colour: modus black/yellow , Emerica G-Code Re-Up x Vol. 4Lost Ink | Lost Ink Black Cut Out Heeled PumpsAdidas Peter Kaiser LARA - Ankle boots - schwarzDiesel EXPOSURE LOW I - Trainers - white , Scarpa MOJITO BASIC - Hiking shoes - black , L4k3 Sneakers - Men L4k3 Sneakers online on YOOX United Kingdom - 11425311RX , Napapijri Sneakers - Men Napapijri Sneakers online on YOOX United Kingdom - 11508457EQButtero® Boots - Men Buttero® Boots online on YOOX United Kingdom - 11552330HW , men/women Sbicca Citrine Clogs & Mules Ranked first in its class , mens/womens Lucky Brand Ansel 2 Sandals At a lower price , Geox Sandals - Women Geox Sandals online on YOOX United Kingdom - 11191979KWJ.Born Boots - Women J.Born Boots online on YOOX United Kingdom - 11517804HVEspadrilles Sandals - Women Espadrilles Sandals online on YOOX United Kingdom - 11457129FX , Geox Sandals - Women Geox Sandals online on YOOX United Kingdom - 11418222AI , Premiata Ankle Boot - Women Premiata Ankle Boots online on YOOX United Kingdom - 11529630DB , Camper Balloon - Sandals - Women Camper Sandals online on YOOX United Kingdom - 11436271RWValentino Red Caged Rockstud Patent Pumps , durable ECCO Soft 7 Slip-On , Magnanni Marbelo The Marbelo is your new go-to derby, for work, play and everything in between.J. Adams Black White Pu Kym Round Toe Oxford Heel Sandals , lady Balenciaga Beige/Transparent Patent Point Sandals a wide range of productslady Frye Black 234567 Wedges New design , 38aa74f73324dc8bea2c9471bbcae5a1?s=96&d=mm&r=g
Peter Nolan-Smith

Steve Madden Madden FORSYTH - cognac High-top trainers - - cognac 640adda -

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]).