Canopy Growth’s emerging cannabis drinks are part of a strategy to attract new cannabis consumers with next-generation products, in this case by offering a substitute for alcoholic beverages.
New York-based alcohol titan Constellation Brands has exercised warrants to purchase additional shares of Canopy Growth, increasing its stake in the Ontario cannabis producer.
Cannabis companies – both marijuana and hemp – were heating up the headlines this week. From Canada to Colorado and beyond, execs made big announcements and companies shifted gears.
Acreage Holdings announced a complex financing on Feb. 7 in which the New York company is raising a net $79 million, with plans for at least $65 million more.
With the first full week of the New Year in the books, how are cannabis companies moving forward from an eventful 2019?
The cannabis industry needs to improve capital return analysis and investor communication to public company standards if it is to successfully raise capital, as it is increasingly normalizing and competing for capital against traditional public companies industries.
A closer look at key headlines from the week for the cannabis investing world.
