Does Canopy Growth Have a Game-Changer? Constellation Brands Thinks So.
Most of the biggest milestones in the Canadian cannabis industry have been the result of government action. But there's one notable exception -- Constellation Brands' (NYSE: STZ) huge investment in Canopy Growth (NYSE: CGC) in 2018. The multibillion-dollar deal changed the perception of the entire cannabis industry in many ways.
That investment hasn't panned out so well for Constellation so far, though. Canopy Growth's continued losses have weighed on the adult beverage company's financial results. However, during Constellation's fourth-quarter conference call last week, CEO Bill Newland sounded the most optimistic about Canopy's future than he's been in a long time. And he even said that Canopy now has new products that are "game-changers."
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Source Fool.com
