Marijuana Business Daily

Constellation invests CA$5 billion in Canadian cannabis giant Canopy in deal financed by BofA Merrill Lynch

Constellation Brands plans to significantly increase its ownership in Canopy Growth by investing an industry-record CA$5 billion ($3.8 billion) to make the Canadian giant its exclusive global cannabis partner.  Constellation will acquire 104.5 million shares directly from Canopy Growth for CA$48.60 per share, giving Constellation – which owns, distributes and markets […]