The Mill: The company behind Corona invests in cannabis-infused beverages

Alcohol giant Constellation Brands, the $42 billion company that owns Corona, Modelo, and Svedka has bought a 9.9 percent minority stake in the $2 billion Canadian medical cannabis company Canopy Growth. The stake is worth $191 million, with the option to increase in the future. Constellation’s CEO confirmed that this investment is part of a … [ Read more]

Constellation Brands to buy Ballast Point for $1 Billion

Constellation Brands (NYSE: STZ) has announced the acquisition of San Diego-based Ballast Point Brewing & Spirits. Ballast Point filed paperwork with the SEC last month in preparation for taking the company public. Now, in lieu of an IPO, their quest for capital has been fulfilled in a deal valued at approximately $1 billion. This valuation for … [ Read more]