August 15, 2018 / 10:44 AM / a month ago

Corona beer maker to invest $4 bln more in weed producer Canopy

Aug 15 (Reuters) - Constellation Brands Inc said on Wednesday it would invest $4 billion more in Canopy Growth Corp , raising its ownership stake in the Canadian marijuana producer to 38 percent.

Constellation, the U.S.-based maker of Corona beer, said it would buy 104.5 million Canopy shares at C$48.60 per share, a 51.2 percent the stock’s Tuesday closing price. (Reporting by Uday Sampath in Bengaluru; Editing by Sai Sachin Ravikumar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below