On November 2, 2017, Constellation Brands closed its previously announced acquisition of a minority stake in Canopy Growth Corporation. The investment of $245 million represents a minority ownership interest of 9.9% of Canopy Growth.
Constellation Brands is a Fortune 500 company and a leading, international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, Italy and Canada.
Canopy Growth is a leading diversified cannabis company based in Smiths Falls, Ontario, Canada.
Osler, Hoskin & Harcourt LLP represented Constellation Brands with a team led by Manny Pressman and including Jay Greenspoon, Arlene Mack, Justin Sherman, Douglas Dawson, Charlie Zilvytis (Corporate); Mark Austin (Regulatory/Health); Lee Webster (IP); Matias Milet (Tax).