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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