Corona Owner's Marijuana Investment Reaps $700 Million

Employees work in the Mother Room at the Canopy Growth Corp. facility in Smith Falls, Ontario, Canada.Photographer: Chris Roussakis/Bloomberg
Lock
This article is for subscribers only.

Beer and weed is proving to be a promising combo for Constellation Brands Inc.

The owner of Corona beer and Robert Mondavi wine says its minority investment last October in Canopy Growth Corp., a Canadian seller of marijuana products, has already realized a gain of more than $700 million.