Constellation Brands' Latest Moves in Distancing from Canopy Growth
Thursday, 18 April 2024, 23:59
Constellation Brands Reduces Ties with Canopy Growth
Alcoholic-beverage giant Constellation Brands Inc. announced a number of moves to further distance itself from the struggling Canadian cannabis producer Canopy Growth Corp., after previously making a multibillion-dollar investment in the company.
Key Points:
- Strategic Shift: Constellation Brands aims to reallocate resources away from the cannabis industry.
- Financial Impact: Decision follows previous investments in Canopy Growth Corp.
The move signifies a strategic redirection for Constellation Brands away from its cannabis ventures.
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