CEO of Modelo maker Constellation says stock fell on earnings after Canopy losses 'mixed up' investors

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Constellation CEO says stock fell on earnings after Canopy losses 'mixed up' investors

interview. "Let's face it: $757 million is a big number, and that number is how much we're up in our total investment in Canopy since we made the initial investment."

Newlands went on to reaffirm his belief that Canopy is in the best position to win in the potential $200 billion industry. He based his "bullish" case on Canopy's ability to understand the regulatory landscape. This summer, Newlands told Cramer that Canopy founder and CEO Bruce Linton was pushed out because a different leader was neededOutside of the weed business, Newlands said Modelo sales were up 15% in the second quarter and were the biggest growth driver in the beer segment.

 

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Cramer’s like a cup of coffee that sat on the counter all day. It’s still coffee though weak and sour. He’s paid to preach a script. ⚠️

So, if your stock price goes down, will also my 6 of Modelo?

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