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BRIEF-Canopy Growth gets C$245 mln investment from Constellation Brands
October 30, 2017 / 11:04 AM / a month ago

BRIEF-Canopy Growth gets C$245 mln investment from Constellation Brands

Oct 30 (Reuters) - Canopy Growth Corp

* Canopy Growth establishes groundbreaking strategic relationship with Constellation Brands

* Canopy Growth will principally use proceeds to fund expansion of its international growing platform​

* In exchange for Constellation’s investment, 18.9 million Canopy Growth common shares will be issued at a price of $12.9783 per share

* Constellation’s unit’s investment of about C$245 million in co for common shares will represent 9.9% equity share in co after deal Source text for Eikon: Further company coverage:

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