Cannabis-infused beer?

That’s exactly what Constellation Brands (NYSE: STZ) has in mind. The S&P 500 member, known for its Corona beer and other alcohol brands, announced that it’s investing $245 million (in Canadian dollars) to buy a 9.9% stake in Canopy Growth Corporation (NASDAQOTH: TWMJF). Canopy Growth is a leading medical marijuana provider in Canada.

Constellation will pay about $191 million (C$245 million) for a 9.9 percent stake in Canopy Growth Corp., a Canadian seller of medicinal-marijuana products. The deal kicked off the biggest rally in nearly a year for Canopy, which trades on the Toronto Stock Exchange under the ticker WEED.

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https://time4hemp.com/corona-cannabis-infused-beer/

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