Canopy cannabis woes drives huge loss at alcohol giant Constellation

MJBizDaily
By Nick ThomasOct 3, 2019, 3:01 pm79 pts
Constellation Brands, the New York-state based alcohol giant, on Thursday reported a net loss of $525.2 million in its most recent quarter, with most of the loss coming from its 38% stake in cannabis company, Canopy Growth. The red ink underscores the uncertainties mainstream companies face when partnering with…

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