|Bid||204.87 x 2200|
|Ask||206.01 x 1300|
|Day's Range||204.22 - 204.22|
|52 Week Range||151.40 - 233.86|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||11.62|
|Forward Dividend & Yield||2.72 (1.30%)|
|1y Target Est||N/A|
CEO Bill Newlands of Constellation Brands - the alcohol producer behind favorites like Corona, and Modelo - gives his thoughts on the future of the his industry, as cannabis grows ever more popular.
Canopy Growth Corp. , the world's biggest cannabis company by market capitalization, said Wednesday it's acquiring London-based skincare company This Works for 43 million pounds ($54 million) in cash. This Works offers a range of skincare and sleep products, including deep sleep pillow spray, morning expert hyaluronic serum and skin deep dry leg oil. The deal "is a key aspect of a multi-faceted hemp and CBD strategy as Canopy Growth continues to build upon its vertically-integrated production and marketing platform, that currently includes thousands of acres of hemp production across several continents, hundreds of millions of dollars of capital investment into hemp-derived CBD production and processing, rapid expansion across the European Union and other key regions, and the introduction of new CBD-infused products and brands to the global beauty, wellness, and sleep solution space," Canopy said in a statement. This Works Chief Executive Anna Persaud will remain at the helm of the business once the deal has closed. Canopy is armed with a more than $4 billion balance sheet courtesy of an investment from Corona beer maker Constellation Brands Inc. last year. Canopy shares were up 0.7% premarket, and have gained 67% in 2019, while the S&P 500 has gained 14%.
Canopy Growth Corporation (NYSE: CGC ) announced the appointment of its Executive Vice President of Finance, Mike Lee, to its executive leadership team as acting Chief Financial Officer, effective June ...
Canadian marijuana manufacturer Canopy Growth appoints former Constellation Brands' senior executive Mike Lee as the company's acting chief financial officer.
Constellation Brands Inc NYSE:STZView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for STZ with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 14. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding STZ totaled $9.13 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. STZ credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Nelson’s Green Brier Distillery has a deep-pocketed new majority owner. Constellation Brands Inc. (NYSE: STZ) took a majority stake in the Nashville-based distillery earlier this month, according to a news release.
Freshford Capital Management was launched back in 2008 by Michael G. Doheny. The firm has its headquarters in Rye Brook, New York and primarily focuses in long/short investments in the public equity markets in the United States. Michael Gerard Doheny is the principal owner and President at Freshford Capital Management. He holds a B.S. in […]
The Canadian cannabis producer appears to be set to make its mark in the potentially lucrative U.S. hemp market.
Modelo, the beer brewed for those with The Fighting Spirit™, is expanding its cause marketing campaign – The Modelo Fighting Chance Project – with a new partner: Chicago-based nonprofit Leave No Veteran Behind. Modelo’s funding will provide educational scholarships and support Leave No Veteran Behind’s transitional jobs program, offering veterans a fresh financial start so they can continue to serve their communities.
The top beer stocks have a market cap exceeding $2 billion and are trading on leading American stock exchanges. Here are the top beer stocks of 2018.
Koch is the founder, chairman and pint-holding face of Boston Beer Co., better known as the maker of Samuel Adams Boston Lager. This week, the company announced a $300 million deal for Dogfish Head Brewery, its largest acquisition in the more than three decades that Boston Beer has been in business. It’s partly an opportunistic move by Koch, as valuations for craft brewers have come down in recent quarters.
VICTOR, N.Y., May 07, 2019 -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that David Klein, chief financial officer,.
Polls show that most Americans favor legalization, and studies on the use of medical marijuana have been promising. Should you invest in cannabis now?
Cannabis beer? Not yet says this big player in the liquor market. Yahoo Finance talks with Constellation Brands CEO Bill Newlands.
If you had the foresight, and stomach, to invest in popular pot stocks early, you'd be rolling in the green today.
Constellation Brands, Inc. (NYSE:STZ and STZ.B), a leading beverage alcohol company, announced today it acquired a majority stake in Nelson’s Green Brier™ Distillery, marking Constellation’s first ventures investment to be fully integrated into the business. Nelson’s Green Brier is a craft Tennessee whiskey distillery, co-founded by brothers Andy and Charlie Nelson, that produces a variety of award-winning offerings under the Belle Meade™ Bourbon brand and is set to release a Tennessee Whiskey later this year.
In rare interview, Mark Zekulin discusses how Canopy’s deal with Constellation Brands helped in its recent purchase of Acreage Holdings warrants.