Cannabis Producer Gets $4 Billion Investment From Beer Company

Canopy Growth Corp., the parent company of Corona beer and other alcoholic drinks, is expanding its partnership with a Canadian pot producer, betting on the continued growth in the medical and recreational cannabis markets.

The giant influx of cash from Constellation Brands is the largest strategic investment in the cannabis market to date. It nearly quadruples the alcohol company’s stake in Canopy Growth to 38 percent.

(Image credit: Richard Drew/AP)


Source: NPR