Constellation Brands affiliate Canopy Growth expands its Board with two appointments

CANADA – Canopy Growth Corporation, a Canadian cannabis infused beverage producer backed by Constellation Brands, has appointed Judy Schmeling as the Chair of the Board of Directors and Jim Sabia as a member of the […]

Constellation Brands revises wine and spirits divestment deal to US$1.1bn

USA – Constellation Brands together with E. & J. Gallo Winery have agreed to revise their original deal in which the Corona beer maker is seeking to sell about 30 wines and spirits brands to approximately US$1.1 billion. […]

Canopy Growth names Constellation Brands’ veteran as new Chief Executive Officer

CANADA – Canopy Growth Corporation has appointed Constellation Brands’ executive vice president and chief financial officer David Klein as the company’s new Chief Executive Officer, effective January 14, 2020. David will be replacing Mark Zekulin […]

Constellation Brands sells Ballast Point to Kings & Convicts Brewing

USA – Constellation Brands, America’s third-largest beer company, has agreed to sell Ballast Point brand and a number of its associated production facilities and brewpubs to Chicago-based Kings & Convicts Brewing Co. Constellation Brands acquired […]

Canopy Growth begins production of cannabis-infused beverages at its Canadian facility

CANADA – Canopy Growth Corporation, a leading diversified cannabis company, has begun production of cannabis-infused beverages at its beverage facility located at company headquarters in Smiths Falls, Ontario, Canada. The company announced that the 150,000 […]

Constellation Brands posts Q2 loss linked to Canopy Growth’s investment

USA – American beverage company, Constellation Brands reported a loss of US$525.2 million during its second quarter ending August impacted by a US$484 million loss on an investment in Canopy Growth, a Canadian cannabis company. […]

Marussia to distribute range of Constellation Brands’ spirits in the UK

UK – Marussia Beverages, an import and distribution company in the UK has entered into an agreement with Constellation Brands to distribute its craft spirits brands in the UK. Under the agreement, Marussia will distribute […]

Constellation Brands offloads Canadian whisky brand Black Velvet for US$266m

USA – Constellation Brands has entered into an agreement to sell Black Velvet Canadian Whisky to US distilled spirits supplier Heaven Hill Brands for approximately US$266 million. The transaction, which is subject to regulatory approvals, […]

Constellation acquires minority stake in rum maker Montanya Distillers

USA – Constellation Brands, through its investment venture initiative Focus on Female Founders has acquired a minority stake in Colorado-based craft rum maker Montanya Distillers. Focus on Female Founders program was launched last year with […]

Constellation Brands buys majority stake in whisky maker Nelson’s Green

USA – Constellation Brands has announced that it has acquired majority stake in Tennessee whisky producer Nelson’s Green Brier™ Distillery through its venture capital group. The investment, whose price has not been disclosed marks the […]