Constellation Brands Inc
Constellation Still Believes in Canopy Growth, Should You?
Canopy Growth (NYSE:CGC) has always been a hot cannabis stock. The company’s deal with Constellation Brands (NYSE:STZ) makes the stock even more attractive.
Constellation Brands Beats Q1 Earnings Forecast despite COVID-19
Constellation Brands (NYSE:STZ) stock rose 6.3% on Wednesday. The company’s first-quarter adjusted EPS of $2.30 beat analysts’ forecast of $2.01.
What to Expect from Constellation Brands’ Q1 Earnings
Today, Jefferies raised its target price for Constellation Brands (NYSE:STZ) stock before the company’s first-quarter results.
Canopy Growth Might Impress Investors with Its Q4 Earnings
Canopy Growth (NYSE:CGC)(TSE:WEED) will likely report its results for the fourth quarter of fiscal 2020 on May 29 before the market opens.
Canopy Growth: BofA Is Bullish before Its Q4 Earnings
While other cannabis companies have been struggling to stay afloat, Canopy Growth launched the second wave of Cannabis 2.0 products.
Constellation Brands Hikes Its Stake in Canopy Growth
Constellation Brands (NYSE:STZ) expressed its confidence in Canopy Growth (NYSE:CGC)(TSE:WEED) by increasing its stake in the company.
Constellation Brands Stock: Why Is UBS Bullish?
UBS is optimistic about Constellation Brands’ (NYSE:STZ) growth story. On April 7, UBS upgraded its rating to “buy” from “neutral.”
Constellation Brands Ends Fiscal 2020 with Strong Q4 Earnings
Constellation Brands ended fiscal 2020 on a strong note with better-than-expected fourth-quarter results. The company reported sales of $1.90 billion.
Will Constellation Brands’ Q4 Earnings Beat the Expectations?
On April 1, Reuters reported that Constellation Brands (NYSE:STZ) accepted locals’ vote in Mexicali. Locals oppose the construction of a brewery.
Canopy Growth: No More Cash Investment from Constellation
Canopy Growth has enough cash on hand to survive the financial chaos in the cannabis space. Constellation Brands decided not to increase its investment.
Were Canopy Growth’s Earnings a Boon to the Cannabis Sector?
Canopy Growth’s results for the third quarter of fiscal 2020 were a boon to the struggling cannabis sector. The cannabis sector had a hard time in 2019.
Constellation Brands Still Believes in the Cannabis Boom
Could the cannabis sector boom again? Many investors and analysts are asking this question in 2020. The sector bottomed out in 2019.
Constellation Brands’ Q3 Earnings Impressed Investors
Constellation Brands (NYSE:STZ) stock gained 3.6% on January 8 after the company beat analysts’ earnings forecast for the third quarter of fiscal 2020.
Cannabis Legalization: The World Waits for the US
Cannabis legalization is spreading its roots globally. Considering that other countries are legalizing marijuana, will the US follow suit?
What to Expect from Constellation Brands’ Q3 Earnings
Constellation Brands (STZ) is scheduled to release its earnings results for the third quarter of fiscal 2020 on January 8.
Cannabis Investment: How to Buy ACB, CGC, and Other Stocks
Cannabis is a hot sector that’s constantly evolving. Right now, how to buy cannabis stocks is a question that’s likely on many investors’ minds.
CGC Has These Analysts Feeling Pessimistic
Cannabis stocks such as Aurora Cannabis (ACB), Canopy Growth (CGC), Cronos Group (CRON), and Aphria (APHA) were some of the worst-hit stocks in 2019.
Canopy Growth Has Life, Say These Managers
On January 6, Canopy Growth rose 0.74% to 26.02 Canadian dollars on the Toronto Stock Exchange. It was also up 0.90% to $20.08 on the NYSE.
Canopy Gets Estimates Revised by Analysts for 2020
Canopy Growth (CGC) (WEED) missed analysts’ estimates this year. Analysts had huge expectations from CGC after Canada allowed cannabis in 2018.
A Look at Canopy Growth’s Acquisition Portfolio
Canopy Growth has focused on its acquisition strategy since Canada legalized cannabis in 2018, expanding its medical cannabis market in Europe and globally.
Cannabis Sector 2019 Review and 2020 Outlook
Canada legalized cannabis in October 2018, so investors expected 2019 to drive marijuana sales. However, the fate of the industry took a sharp turn.
What’s Canopy Growth Strategy for Growth?
Canopy Growth has struggled this year. Despite all their strategies, cannabis companies have failed to hit revenue and profitability targets this year.
Why Aurora Cannabis Stock and Peers Are Struggling
Aurora Cannabis (ACB) had a hard time this year. ACB stock had been investors’ favorite in 2018. The stock started off 2019 on a good note
Valuation Update for Cannabis Stocks in December 2019
The cannabis industry faces regulatory obstacles in Canada and legal risks in international markets. Valuations of these stocks are close to all-time lows.
CGC: How the Future Looks Under Its New CEO
On December 9, Canopy Growth (CGC) appointed David Klein as its new CEO effective January 14. He’s the current CFO of Constellation Brands.
Canopy Growth: A Cannabis 2.0 Update
On December 6, Canopy Growth (CGC) disclosed its rollout plans for Cannabis 2.0 products, such as chocolates, vape pens, vape cartridges, and beverages.
Why Canopy Growth’s New CEO Popped the Stock
Yesterday, Canopy Growth (CGC) (WEED) announced that it appointed Constellation Brands’ (STZ) CFO David Klein as its new CEO.
Was CGC a Big Mistake for Constellation Brands?
Canopy Growth (CGC) has seen dizzying ups and gloomy downs in 2019. The stock jumped up by 79.91% from $28.92 on January 2 to $52.03 on April 29.
Why Constellation Brands Sold Ballast Point
Constellation Brands is selling its Ballast Point craft-beer brand and certain associated production facilities and brewpubs to Kings & Convicts Brewing Co.
Why Canopy Growth Isn’t Happy with Apple
Apple removed 181 vaping-related apps due to the vape crisis in the US. Canopy Growth is not happy with Apple’s move. Let’s see why.
Canopy Growth: Why Is Constellation Brands Cutting Its Losses?
On November 22, Canopy Growth’s shares fell when Constellation Brands announced that it doesn’t plan to invest more in the company.
Canopy Growth Technical Analysis Looks Bullish
I’ll take a look at Canopy Growth’s technicals and options activity to see if the stock price currently represents an attractive entry level.
Aurora Cannabis: Is This the Right Time to Invest?
Amid a subdued cannabis sector, Aurora Cannabis (ACB) stock has taken a serious hit and is down 36.4% this month. Is this the right time to invest?
Red Alert for Green Stocks: Aurora and Cannabis Calamity
It’s been quite the whipsaw week for cannabis stocks, to put it mildly. First, there was the “Drake spike.” Then came the earnings disappointments.
Cannabis 3.0: Is It on the Horizon?
On October 17, Cannabis 2.0 legalized edibles, beverages, and concentrates in Canada. As the country waits for the benefits, is Cannabis 3.0 next?
Canopy Rivers Gears Up for Cannabis 2.0
Canopy Rivers is gearing up to take advantage of the Cannabis 2.0 market, and it has a laundry list of subsidiary companies to help it do so.
Why Canopy Growth Is Partnering with Drake
The Canadian Press reported that Canopy Growth is partnering with rapper Drake to launch a new cannabis venture, the More Life Growth Company.
Cronos Group Joins Altria to Bet on Cannabidiol Market
Cannabis company Cronos Group has expanded its presence in the US cannabidiol market through a tie-up with tobacco company Altria Group.
HEXO: Legal Cannabis Might Not Kill Illegal Market
In the fourth-quarter earnings call, HEXO discussed how it thinks that legal cannabis won’t solve the problem with the illegal market in Canada.
Aphria: Why Jefferies Recommends a ‘Buy’
Aphria (APHA) reported its results for the first quarter of fiscal 2020 on October 15. Since then, the stock has fallen 7%.
Investing in CBD? Real Brands Is Making Big Moves
The CBD market is growing, and acquisitions are heating up. Real Brands is a top, under-the-radar investment candidate that should be on your radar.
Cannabis: Kraft Heinz Marks Warren Buffett’s Entry
Cannabis is an evolving sector. Recently, Warren Buffett entered the space following Kraft Heinz’s (KHC) newest investment in Flowhub.
Aurora Cannabis: Why Investors Must Watch Its Debt
Currently, Aurora Cannabis (ACB) has a market capitalization of $3.8 billion. However, its increasing debt load is becoming a concern.
Canopy Growth: Is $1 Billion in Sales Still Possible?
Analysts expect Canopy Growth’s fiscal 2021 revenues to be around 0.99 billion Canadian dollars, which doesn’t paint a good picture of the company.
Cannabis Stocks’ Dilemma: Rising Black Market Sales
Cannabis stocks have been on a roller coaster ride in 2019. The marijuana industry continues to evolve. Regulations play a vital role in the industry.
Aurora Cannabis and EnWave Signed an Agreement
So far, Aurora Cannabis has struggled this year. On Tuesday, the company signed an exclusive and royalty-bearing commercial license agreement with EnWave.
Cannabis Sector: Piper Jaffray Favors Canopy and Cronos
Piper Jaffray analyst Michael Lavery thinks that Canopy Growth and Cronos Group have good positions in the industry. They have strong cash positions.
Jim Cramer: Canopy Growth Needs a Packaged Goods CEO
In the lightning round on Mad Money last week, Jim Cramer said that Canopy Growth needs a packaged goods CEO to make the stock price go up.
Why Did HEXO Rise 17% on Thursday?
Hexo (HEXO) had a hard time last week. A lot of headwinds pulled the stock down. However, the stock rose and closed with a gain of 17% on Thursday.
The Next Big Breakout Beverage Market Has Been Identified
Discover the under-the-radar Canadian company that is positioned to lead the upcoming wave of cannabis-infused beverages, BevCanna!
Cannabis Scandal Radar: Is Tilray Next?
Scandals have engulfed the sector many times, especially for CannTrust, Curaleaf, and Hexo. Could Tilray be next on the cannabis scandal radar?
Cannabis Stocks in Trouble, PI Financial Cuts Target Price
Cannabis stocks see dark clouds looming. The week ending on October 11 was disastrous for the sector. Hexo stock fell after it withdrew its fiscal 2020 outlook.
Canopy Growth: Constellation’s Presence Can’t Be Ignored!
On Thursday, Canopy Growth announced that Constellation’s CFO David Klein will be the new chairman of its board effective immediately.
Cannabis Roundup: HEXO, CGC, APHA, and TLRY
At 1:30 PM ET, the S&P 500 Index and the Dow Jones Industrial Average were up 0.5% and 0.4%, respectively. However, the cannabis sector was down.
Aurora Cannabis: New Product Launch with CTT Pharma
Aurora Cannabis (ACB) strengthened its footing in the medical cannabis industry by launching a new product. The stock rose 2.1% in pre-market trading today.
Hexo: Why Did BofA Double Downgrade the Stock?
Hexo announced that CFO Michael Monahan resigned. As a result, Bank of America Merrill Lynch double downgraded the stock on Monday.
Canopy Growth: Good Investment for Constellation Brands?
Despite the losses, Constellation Brands still has an optimistic outlook for Canopy Growth. The company is happy with Canopy Growth’s progress.
Cannabis Roundup: STZ, CURLF, MMNFF, and ACB
Today, the US markets were trading in the green on the expectation of rate cuts. The cannabis ETFs and the majority of cannabis stocks were also up today.
Why Canopy Growth Acquired BioSteel Sports Nutrition
On October 2, Canopy Growth (CGC) announced its purchase of a 72% stake in BioSteel Sports Nutrition. CGC stock closed with a gain of 1.6% yesterday.
Why Aurora Cannabis Wants to Grow Cannabis Outdoors
Aurora Cannabis (ACB) wants to grow cannabis outdoors. In July, it received Health Canada licenses for outdoor cultivation at two Canadian sites.
Acreage Holdings: Analysts’ Target Price and Ratings
Acreage Holdings stock has fallen 57% year-to-date. The stock has fallen approximately 28% since it reported its second-quarter earnings.
Marijuana Legalization: O’Rourke Blazes His 2020 Campaign
Democratic presidential candidate Beto O’Rourke is known for voicing his opinion on federal marijuana legalization. He supports marijuana legalization.
Cannabis 2.0: Aurora Cannabis Gears Up for Edibles Market
Cannabis 2.0 legalization will take place in Canada next month. Cannabis players are gearing up to expand in the edibles market.
Canopy Growth Stock Rises, Oppenheimer Initiates Coverage
Oppenheimer analyst Rupesh Parikh initiated coverage on Canopy Growth stock. The analyst gave a “perform” rating with no target price.
Cannabis: House to Vote on US Banking Bill
The SAFE Banking Act is gaining traction again, as House Majority Leader Steny Hoyer is expected to bring the banking bill to the House floor for a vote.
Canopy Growth Looks for CEO, Linton Gets a New Role
Canopy Growth took the market by surprise and let CEO Bruce Linton go. After leaving Canopy Growth, Linton joined three companies in an advisory role.
Marijuana: Will Trump Have an Edge over Biden?
With Biden strongly opposing full-scale legalization, President Trump could turn around things. President Trump might support medical marijuana legalization.
Cannabis 2.0 Legalization: Canada Is Ready
Federally, cannabis legalization saw daylight in Canada in 2018. The Cannabis Act legalized recreational marijuana in October 2018. Now, the country is all set for the second wave of legalization, Cannabis 2.0, which includes cannabis edibles, cannabis-infused beverages, extracts, and various other products. Let’s dig into this more. Canada’s second wave of legalization Next month, […]
Marijuana Legalization: Minnesota Welcomes You!
Marijuana legalization is an ongoing issue in the US. Currently, the District of Columbia and 11 states have legalized cannabis. Marijuana is still illegal for recreational use in Minnesota. However, the state’s voters might favor legalization. Minnesota voters are ready for marijuana legalization Minnesota hasn’t been able to come up with a legalization decision yet. […]
Canopy Growth Gets an Upgrade, Constellation Books Losses
Canopy Growth (CGC) (WEED) received optimistic views from analysts on Monday. Seaport Global Securities upgraded the stock to “buy” from “neutral.”
Canopy Growth: Bruce Linton Is Buying, Should You?
Bruce Linton, Canopy Growth’s (CGC) (WEED) former co-CEO, has acquired more stock in the company. Overall, analysts favor a “buy” rating on the stock.
Marijuana: What Do Buffett and the Richest Americans Think?
Marijuana is a hot topic right now! From presidential candidates to the wealthiest Americans, everyone is talking about the sector.
Why Ex-CEO Bruce Linton Still Believes in Canopy Growth
Few news items this summer jolted the legalized cannabis industry quite like the termination of former co-CEO Bruce Linton from Canopy Growth Corp.
Key Takeaways from Acreage Holdings’ Q2 Earnings
Acreage Holdings reported its second-quarter earnings results on August 13. The company reported stellar revenue growth of $17.7 million.
Will Kevin O’Leary Reconsider Investing in Cannabis?
Kevin O’Leary’s interest in cannabis stocks favors medicinal use over recreational use. We look at the changing landscape of the US cannabis industry.
Arizona Beverages to Introduce Cannabis Vape and Gummies
Arizona Beverages announced that it entered the cannabis market. The company signed a three-year licensing agreement with Dixie Brands.
How Will Canopy Growth Capture the US Vaping Market?
On Thursday, Canopy Growth announced its entry into the US vaporizer market. The company entered into a distribution agreement with Greenlane Holdings.
Why HEXO Stock Fell Almost 18% Last Week
HEXO (HEXO) stock lost nearly 18% in the week ending July 26. There weren’t any catalysts that showed weakness in the stock.
Constellation Brands’ Strong Beer Business Drove Q1 Earnings
Constellation Brands’ (STZ) top-line growth in the first quarter of fiscal 2020 (which ended on May 31) was yet again driven by strength in the company’s beer portfolio.
What to Expect from Constellation Brands’ Beer Business
Constellation Brands (STZ) exceeded analysts’ sales expectations in all the four quarters of fiscal 2019, which ended on February 28. In the fourth quarter of fiscal 2019, the company’s sales grew 2.0% to $1.80 billion and surpassed analysts’ estimate of $1.74 billion.
Will Constellation Brands Stock Rise on Q1 Results?
Constellation Brands (STZ) plans to announce its results for the first quarter of fiscal 2020 on June 28. Constellation Brands stock has risen 14.4% since the start of this year. Analysts expect the company’s adjusted EPS to decline 6.8% to $2.05 in the first quarter.
How Does Constellation Brands’ Valuation Look after Q4 Results?
Constellation Brands’ (STZ) 12-month forward PE mulitple increased 7.2% to 21.2x on April 4, the day the company announced its results for the fourth quarter of fiscal 2019.
How Constellation Brands’ Margins Fared in Fiscal 2019
Constellation Brands’ (STZ) gross margin increased about 170 basis points to 49.7% in the fourth quarter of fiscal 2019.
What’s Constellation Brands’ Fiscal 2020 Sales Outlook?
Constellation Brands (STZ) generated sales of $1.80 billion in the fourth quarter of fiscal 2019 and exceeded analysts’ expectation of $1.74 billion.
How Analysts Reacted to Constellation Brands’ Q4 Results
Constellation Brands (STZ) announced better-than-expected results for the fourth quarter of fiscal 2019 on April 4.
Assessing Constellation Brands’ Fiscal 2020 Outlook
Constellation Brands’ (STZ) sales grew 7.1% to $8.12 billion in fiscal 2019, which ended on February 28.
STZ Beats Q4 Estimates, Sells 30 Wine and Spirits Brands
Constellation Brands is up 4.0% as of 10:52 AM EDT today after reporting better-than-expected results for the fourth quarter of fiscal 2019.
Constellation Brands’ Q4 Sales: Analysts’ Expectations
Analysts expect Constellation Brands’ sales in the fourth quarter of fiscal 2019 to fall 1.8% to $1.73 billion.
Key Takeaways from Canopy Growth’s Q3 Earnings Call
On February 14, Canopy Growth (WEED) (CGC) reported its earnings. The company held an earnings call the next day.
Dan Loeb Increased Third Point’s Position in These Stocks in Q4
In Q4 2018, Third Point initiated a new position in Cigna (CI), which is an American healthcare services organization.
What CGC’s Bruce Linton had to Say about STZ’s Stake
The cannabis industry (HMMJ) as a whole is gaining attention from serious investors and experts.
How Analysts Reacted to Constellation Brands’ Q3 Results
Constellation Brands (STZ) exceeded analysts’ expectations for its fiscal 2019 third-quarter top line and earnings.
What Drove Constellation Brands’ Q3 Operating Margin Expansion?
Constellation Brands’ (STZ) gross margin contracted in the third quarter of fiscal 2019, while its operating margin expanded.
What Drove Constellation Brands’ Impressive Beer Sales?
Constellation Brands’ (STZ) top line growth in the third quarter of fiscal 2019 continued to be driven by demand for the company’s Mexican beer brands.
Assessing Constellation Brands’ Q3 Sales Growth
Constellation Brands (STZ) exceeded analysts’ sales expectation for the fourth consecutive quarter in the third quarter of fiscal 2019.
Why Constellation Brands Has Fallen More than 12% Today
On January 9, Constellation Brands (STZ) reported its third-quarter results before the market opened. The third quarter ended on November 30.
Analysts Upgrade Constellation Brands before Its Q3 Results
Susquehanna upgraded Constellation Brands stock to “neutral” from “negative” and assigned a target price of $174.
Will Constellation Brands’ Stock Rebound with Its Q3 Results?
Stocks of Constellation Brands (STZ) and other major alcoholic beverage players were in the red in 2018.
Why Constellation Brands’ Margins Contracted in the Second Quarter
Constellation Brands’ (STZ) margins contracted in the second quarter of fiscal 2019 despite strong operational results from its beer segment.
Behind Constellation Brands’ Q2 Beer Sales
Constellation Brands’ (STZ) beer segment continued to drive overall sales growth of the company in the second quarter of fiscal 2019.