Constellation Brands intends to invest in the Canadian manufacturer of marijuana 3 billion 800 million dollars

The American company Constellation Brands reported that it invests 5 billion Canadian dollars in the Canadian manufacturer Canopy Growth to increase its share in it to 38%. Constellation Brands acquired a 10% stake in the Canadian company in 2017. CEO at Constellation Brands Rob Sands said: “Over the past year, we have learned more about the marijuana market, understood the great opportunities that it offers, and Canopy obtains the leading position in this market”. About 30 US states and the District of Columbia legalized the use of cannabis and marijuana for medical purposes. It is expected that by 2025 the volume of the American market of legal marijuana will reach 25 billion dollars.

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