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Corona Owner Constellation Brands Pumps $4bn Into Cannabis Firm

Published on Aug 16 2018 8:29 AM in Drinks tagged: Trending Posts / Constellation Brands / Cannabis / Corona / Paywall

Corona Owner Constellation Brands Pumps $4bn Into Cannabis Firm

Corona beer maker Constellation Brands is to invest a further $4 billion in Canada's top cannabis producer Canopy Growth, doubling down on one of a growing number of bets by the alcohol industry.

Constellation was among the first major alcohol producers to invest in marijuana production when it pumped nearly $200 million into Canopy last year, but the latest announcement makes it by far the biggest investment in the industry.

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