• Corona Beer Maker's Bet on Marijuana Has Already Netted More Than $1 Billion

    16 days ago - By Fortune

    Constellation Brands, the company behind Corona beer, bought a huge stake in the marijuana company Canopy Growth in October of last year , an investment that has already made huge profits for the company.
    Canopy Growth is the world's largest publicly traded marijuana company. Since November, shares of the company have climbed more than 285%. Constellation has announced plans to invest an additional $4 billion in the company by the end of the month.
    “Our $4 billion investment in Canopy Growth provides us with a strong foothold in the emerging global cannabis market, which could be one of...
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