Constellation Brands Inc. shares fell 7% on Thursday, leading to a decline in the S & P 500 after the distributor of Corona beer suffered a large loss in its second fiscal quarter as it was impacted by charges investment in a Canadian cannabis company.  Victor, New York's Constellation Brands STZ, -5.28% , The company, which also owns Modelo …Read More »
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Corona's owner has just made a $ 4 billion bet on marijuana firm. What does that say about the future of the pot?
Get the DealBook Newsletter to understand the key economic and political headlines – and the power brokers that shape them. __________ What does a beer company do to hedge against slowing growth? Business? In the case of Corona's parent company, the answer is to invest heavily in the marijuana industry. Constellation Brands, which also makes Robert Mondavi Wein and Svedka …Read More »