Constellation Brands Signals the End of the Wine Era, and Birth of the Beer and Cannabis AgesteemCreated with Sketch.

in #cannabis5 years ago


Constellation Brands, the makers of Corona, Modelo, and Pacifico brands, has made waves (well, headlines anyway) in the cannabis industry by announcing a large investment in Canadian cannabis producer Canopy Growth Corporation.

They've also purchased former craft brewer Ballast Point for $1billion.

So it seems like they're all-in on cannabis and beer, but there's also chatter that Constellation may be looking to unload about a billion dollars worth of wine companies.


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