Constellation Brands Has a Weed Problem — Canopy Growth
Constellation Brands Has a Weed Problem — Canopy Growth
Constellation Brands (NYSE: STZ), the alcoholic beverage giant behind such wine brands as Franciscan Estates and Robert Mondavi, beers such as Corona and Modelo, and a catalog of others, is feeling an expectations hangover. The company warned last week that it was cutting guidance because of lower than forecast wine sales. But the bigger news is that it has already realized it overpaid for its stake in Canadian legal cannabis player Canopy Growth (NYSE: CGC).
In this segment of the Motley Fool Money podcast, host Chris Hill and senior analyst Aaron Bush discuss the issues the company faces.
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these people are charging everyone 100 bucks to say invest in canopy! motley fool makes fools of people! save you a hundred bucks invest in canopy is what they suggest after you pay 100 bucks! id like beat the breaks off fools.
Lol this thing is outdated already
What specifically was the write-down? The dollar amount isn’t that big as a percentage of their investment in Canopy.