Rockstar's remarks about Canopy Growth fuel gains in

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = "Constellation Brands Inc. (STZ.N) is thrilled with his Canadian friend, Canopy Growth Corp. (WEED.TO). "data-reactid =" 22 ">Constellation Brands Inc. (STZ.N) is thrilled with his Canadian friend, Canopy Growth Corp. (WEED.TO).

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = "The President and Chief Operating Officer of the Corona Brewery has boasted that the multibillion-dollar investment made last month in the marijuana giant of Smiths Falls, Ontario, is 39, was part of a plan for a global market of 200 billion US dollars. dollars "in a relatively short time"."data-reactid =" 23 ">The President and Chief Operating Officer of the Corona Brewery has boasted that the multibillion-dollar investment made last month in the marijuana giant of Smiths Falls, Ontario, is 39, was part of a plan for a global market of 200 billion US dollars. dollars "in a relatively short time".

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = "Bill Newlands also named Bruce Linton of Canopy "rockstar CEO", with a management team and a business strategy "positioned to win"."data-reactid =" 24 ">Bill Newlands also named Bruce Linton of Canopy "rockstar CEO", with a management team and a business strategy "positioned to win".

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = "The commendation at the Barclays Consumer Staples conference in Boston fueled Wednesday a recovery in the pot stock. "data-reactid =" 25 ">The commendation at the Barclays Consumer Staples conference in Boston fueled Wednesday a recovery in the pot stock.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = ""The time has come to be at the forefront and to create this opportunity for Canopy to continue to lead the market in Canada, but also to enter other markets as aggressively as possible where it is legal" Newlands told participants. "data-reactid =" 26 ">"The time has come to be at the forefront and to create this opportunity for Canopy to continue to lead the market in Canada, but also to enter other markets as aggressively as possible where it is legal" Newlands told participants.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = "Constcott's $ 5 billion investment in Canopy has spurred the actions of the world's largest cannabis producer, as well as many of its potato-producing peers, following the announcement of the deal on Aug. 15. "data-reactid =" 27 ">Constcott's $ 5 billion investment in Canopy has spurred the actions of the world's largest cannabis producer, as well as many of its potato-producing peers, following the announcement of the deal on Aug. 15.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = "David Klein, CFO of Constellation, said the company's decision to take control of Canopy was an obvious decision at the right price. The New York-based Beverage Company has agreed to pay approximately $ 245 million for a 9.9% stake in Canopy last October. "data-reactid =" 28 ">David Klein, CFO of Constellation, said the company's decision to take control of Canopy was an obvious decision at the right price. The New York-based Beverage Company has agreed to pay approximately $ 245 million for a 9.9% stake in Canopy last October.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = ""We had the intention of deploying capital in the cannabis space anyway. For us, instead of competing with the best in the world with whom we have already partnered, it made sense to accept them, "said Klein. "We are comfortable with the performance we get at the valuation we have provided for the company.""data-reactid =" 29 ">"We had the intention of deploying capital in the cannabis space anyway. For us, instead of competing with the best in the world with whom we have already partnered, it made sense to accept them, "said Klein. "We are comfortable with the performance we get at the valuation we have provided for the company."

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = "Newlands and Klein downplayed the idea that the company's aggressive push for cannabis was motivated by the risk of lowering alcohol consumption or the potential of marijuana to cannibalize alcohol sales. "data-reactid =" 30 ">Newlands and Klein downplayed the idea that the company's aggressive push for cannabis was motivated by the risk of lowering alcohol consumption or the potential of marijuana to cannibalize alcohol sales.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = ""Our core business is very healthy," said Newlands. "It was actually a very offensive attack, but there could certainly be a defense somewhere down the road."
"data-reactid =" 31 ">"Our core business is very healthy," said Newlands. "It was actually a very offensive attack, but there could certainly be a defense somewhere down the road."

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – smt Mt (0.8em) – sm" type = "text" content = "Download the Yahoo Finance app, available for Apple and Android."data-reactid =" 32 ">Download the Yahoo Finance app, available for Apple and Android.