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Constellation Brands Just Upped Its Stake In Canopy Growth. Here's Why The Pot Stock Is A Buy

Constellation Brands Just Upped Its Stake In Canopy Growth. Here's Why The Pot Stock Is A Buy

Constellation Brands (NYSE: STZ) has given Canopy Growth (NYSE: CGC) a renewed strong vote of confidence. On May 1, the company known for its Corona beers announced that it would be exercising warrants which would give Constellation a 38.6% stake in the cannabis company. In 2018, it invested another $4 billion into Canopy Growth.