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Posted On: 08/27/2019 9:29:44 PM
Post# of 75087
CHICAGO---Beer & Wine Giant ''Constellation Brands''
warned Monday it will lose $54.3 million in the current quarter...
From it's nearly $4 BILLION investment in Canopy Growth !!!
In 2017, Constellation made an initial investment in CGC.
As it sought to capture a portion of the recreational marijuana market.
Constellation raised it's stake to 38% in August 2018
Earlier this year, Constellation wrote down $160 Million...LOST !
In July, CEO Brice Linton was FIRED as a result of the BLUNDER !
It's 6 month loss will be $132.5 million...FOR THAT MUCH SCRATCH
THEY COULD HAVE BOUGHT...RMHB...lock, stock & barrel !!!!!!!!!
warned Monday it will lose $54.3 million in the current quarter...
From it's nearly $4 BILLION investment in Canopy Growth !!!
In 2017, Constellation made an initial investment in CGC.
As it sought to capture a portion of the recreational marijuana market.
Constellation raised it's stake to 38% in August 2018
Earlier this year, Constellation wrote down $160 Million...LOST !
In July, CEO Brice Linton was FIRED as a result of the BLUNDER !
It's 6 month loss will be $132.5 million...FOR THAT MUCH SCRATCH
THEY COULD HAVE BOUGHT...RMHB...lock, stock & barrel !!!!!!!!!
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