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Constellation Brands slips after a $484 million loss in cannabis company Canopy Growth hits earnings
Constellation reported that it lost $484.4 million during the quarter on an investment the company made in Canopy Growth, a Canadian cannabis company.
The maker of Modelo and Corona beer surges after beating earnings forecasts and boosting its yearly outlook
Modelo, Constellation Brands' most popular beverage, was a major contributor to quarterly gains, and is rapidly adding market share.
Constellation Brands, the company behind Corona beer, plunged 11.45% early Wednesday after giving weak guidance due to its cannabis acquisition.
Constellation Brands beats on a booming beer business, says its investment in a Canadian cannabis producer is a ‘significant growth opportunity&...
Corona-maker Constellation Brands recently announced a $4 billion investment in Canopy Growth Corp., the world's largest publicly traded marijuana company. In its first earnings report since the stake was announced, Constellation's CEO praised the investment as a "significant growth opportunity."