August 15, 2018 / 11:44 AM / a month ago

BUZZ-Canopy Growth: Surges on Constellation Brands' $4 bln investment

** U.S.-listed shares of Canadian marijuana co up ~35 pct at $33 premrkt; top pct gainer across indices; set to open at one-month high

** Corona beer maker Constellation Brands to invest $4 bln more in weed producer, raising stake to 38 pct from 10 pct earlier

** Both Canadian-listed and U.S.-listed shares of CGC have more than doubled since Constellation took $191 mln stake in co on Oct 30 last year

** Other Canada-based weed producers rise; Tilray up 9 pct, Cronos ~8 pct

** Up to Tuesday’s close, CGC.N up 4 pct, STZ down ~3 pct YTD; CGC’S Canadian-listed shares up 8 pct YTD (Reporting by Soundarya J in Bengaluru)

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