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Daily Archive: August 4, 2020

Tequila Drives U.S. Growth For Diageo, But Emerging Markets Weigh Down Results

Diageo benefited from the strong performance of its Tequila and North American whiskey portfolios in its fiscal year through June, with its core U.S. spirits business posting 2% organic sales growth. Continue reading →

Posted in News on August 4, 2020

News Briefs for August 4, 2020

•Some of Bordeaux’s leading vintners are looking to Provence. French billionaire, vintner, and hotelier Michel Reybier and his family have acquired Château La Mascaronne in the Côtes de Provence appellation from American Tom Bove. Continue reading →

Posted in News on August 4, 2020

Craft Brewing and Distilling News for August 4, 2020

•Stone Brewing is adding Buenaveza Salt & Lime Lager to its year-round lineup. Continue reading →

Posted in News on August 4, 2020

Interview, Part 1: David Klein, CEO, Canopy Growth

Constellation Brands has never been shy about placing big bets on what it considers the next major growth opportunity in beverage alcohol, but perhaps its boldest move to date came in 2018 when it invested $4 billion in Canadian cannabis company Canopy Growth. Continue reading →

Posted in News on August 4, 2020

Aphria Reports Rising Revenue, Covid-Related Impairment

Leamington, Ontario-based Aphria saw gross revenue from adult-use cannabis increase 27% and net revenue increase 5% quarter over quarter in the three months through May, representing the end of its fiscal year. Continue reading →

Posted in News on August 4, 2020

Cannabis Briefs for August 4, 2020

•Illinois has once again beaten its monthly cannabis sales record, this time with its biggest jump yet. Continue reading →

Posted in News on August 4, 2020