Corona brewer still bullish on Canadian cannabis after Canopy investment weighs on profits again

Constellation on Wednesday reported fiscal third-quarter net income of $366.5 million, dragged down by $71.1 million loss on its investment in Canada-based Canopy Growth. The alcoholic beverage company has reported a loss on its stake in Canopy in all three quarters of its fiscal 2020.

Shares of Constellation, which has a market value of $36.2 billion, were still trading up 4% in midday trading WednesdayConstellation invested $4 billion in Canopy in October 2017, but last year, Newlands said that he was not pleased with Canopy's results.

Stop making weed that's less effective than smoking paper or catnip if you want more profits. I tried it once, thought it was oregano. Never again

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Earnings Preview: Wall Street Banking On Profits To Rebound In 2020After flat earnings growth in 2019, corporate profits are expected to rebound in 2020.
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »

Earnings Preview: Wall Street Banking On Profits To Rebound In 2020After flat earnings growth in 2019, corporate profits are expected to rebound in 2020 by skleb1234 skleb1234
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »