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08.12.2019 21:43:54

Canopy Growth’s Partnership With Constellation Brands Is Bearing Fruit

It is no secret the cannabis industry has tanked lately, and even Canopy Growth (NYSE: CGC), the largest pot company in the world by market cap, has not escaped this apocalypse. There are several reasons Canopy and its peers have performed so badly, and the most important might be the fact that the Canadian authorities have been too slow to issue retail licenses.As a result, Canopy and its competitors have not been able to supply the market with as much of their products as they had hoped, with sales from illegal sources meeting the demand that legal channels are unable to meet. Still, there's hope that Canopy will turn things around eventually, and one of the company's most important weapons in its quest to conquer the cannabis market is its partnership with Constellation Brands (NYSE: STZ). As it turns out, this partnership is finally starting to bear fruit. Image source: Getty Images.Continue reading
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