Exclusive news and research on the wine, spirits and beer business

Daily Archive: October 11, 2022

Constellation Takes $1.1 Billion Writedown On Canopy Investment

Constellation Brands took a $1.1 billion impairment charge on its investment in Canopy Growth in its second quarter ended in August, as the Canada-based cannabis group continues to retrench. Continue reading →

Posted in News on October 11, 2022

Tilray’s Sales Slip On Canadian Market Disruptions

Tilray saw sales decline 9% to $153 million year-on-year in its fiscal first quarter ended in August, held back by disruptions in the Canadian market including strikes in British Columbia and Quebec as well as a cyberattack on Ontario’s wholesale and retail cannabis platform. Continue reading →

Posted in News on October 11, 2022

Cannabis Briefs for October 11, 2022

•Curaleaf has completed its previously announced $181 million acquisition of Tryke Companies, a vertically integrated, multi-state cannabis operator. Continue reading →

Posted in News on October 11, 2022