Constellation Brands wants to expand its field of activity by investing in cannabis.
Founded in 1945, Constellation Brand is one of the largest producers and distributors of alcoholic beverages in the United States with more than 100 brands to its credit. The American family group intends to diversify its field of activity by investing heavily in the production and sale of cannabis. In August 2018, the group consolidated his hold on Canopy Growth with the purchase of 38% of his shares for $5 billion. At the announcement of this decision, the title of the cannabis producer jumped by more than 50% on the Toronto Stock Exchange.
