|Bid||208.15 x 800|
|Ask||210.10 x 800|
|Day's Range||207.90 - 210.42|
|52 Week Range||150.37 - 236.62|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||11.96|
|Earnings Date||Jun 27, 2019 - Jul 1, 2019|
|Forward Dividend & Yield||2.96 (1.69%)|
|1y Target Est||218.64|
The alcoholic-beverage company owns 38% of Canopy Growth, which agreed to buy the U.S. pot seller Acreage Holdings once cannabis becomes legal under U.S. law.
Constellation Brands, Inc. Class A (NYSE:STZ) and Canopy Growth Corp (NYSE:CGC) have announced that they have agreed to make some changes to various warrants and rights. The new agreement to change some of the warrants and rights that influence their partnership is believed to have been influenced by Canopy’s plans to acquire Acreage Holdings Inc […]The post Constellation Brands, Canopy Growth Sign Deal To Revise Warrants appeared first on Market Exclusive.
The annual marijuana day celebration on April 20 led to a crash of delivery websites, including the biggest legal delivery app, Eaze, as companies struggled to keep up with demand.
How far off is Constellation Brands, Inc. (NYSE:STZ) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting t...
Canopy Growth will probably purchase the rights to buy Acreage Holdings to tap the growing potential of the U.S. marijuana market. This should bolster the ETF MJ.
Constellation Brands, Inc. (NYSE:STZ and STZ.B), a leading beverage alcohol company, today announced that it plans to enter into an agreement with Canopy Growth Corporation (“Canopy”) (TSX: WEED, NYSE: CGC), a leading diversified cannabis company, to modify certain warrants and other rights. These changes are the result of Canopy’s intentions to acquire Acreage Holdings, Inc. (“Acreage”) upon U.S. Federal cannabis legalization. Earlier today, Canopy announced (see Canopy press release “Canopy Growth Announces Option to Acquire Leading U.S. Multi-state Cannabis Operator, Acreage Holdings”) it has entered into an agreement with Acreage, a U.S. multi-state cannabis operator, where Canopy plans to acquire the shares of Acreage upon U.S. Federal cannabis legalization (the “Triggering Event”), subject to certain conditions. This transaction, as well as proposed modifications to certain Constellation warrants, are subject to approval by Canopy shareholders.
Scotiabank analysts have slashed their revenue estimates for Canopy Growth Corp., (WEED.TO) warning expectations for the company’s next quarter are too optimistic given “tepid post-legalization” sales.
The cannabis industry is evolving rapidly, and we've seen some big moves happening lately that are going to have a significant impact on the retail environment both locally and internationally. New Age Beverages is one of the first-movers in the segment, and on Monday it made huge progress when it announced a deal with Walmart Inc (WMT). It's a big move for New Age as it puts its energy drinks in a big national retailer that will help The Company gain exposure.
How Analysts Reacted to Constellation Brands’ Q4 Results(Continued from Prior Part)Valuation rises post Q4 resultsConstellation Brands’ (STZ) 12-month forward PE multiple increased 7.2% to 21.2x on April 4, the day the company announced its
Tesla shareholders probably aren’t feeling too much better after this week’s trial update, but at least it wasn’t the worst-case scenario.