The Maker of Corona Beer Made an Early Bet on Cannabis — and It's Already Made More Than $1 Billion
Constellation Brand’s investment in the world’s largest publicly traded cannabis companies is already paying off.In its earnings report Thursday morning, the company behind Corona beer, Svedka vodka, and other alcoholic beverages said its two investments into Canopy Growth Corporation has already netted it more than $1 billion in unrealized gains thanks to the cannabis producers surging stock.
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