Constellation Brands

Constellation Brands in its strategic investment and minority stake in Canopy Growth Corporation


Constellation Brands


$245 million


Mergers and Acquisitions

Date Closed

November 2017

Lead Office



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, Douglass Dawson, Charlie Zilvytis (Corporate); Mark Austin (Regulatory/Health); Lee Webster (IP); Matias Milet (Tax).


Emmanuel  Pressman

Emmanuel Pressman

Partner, Chair, Corporate

Arlene Mack

Arlene Mack

Associate, Financial Services

Justin Sherman

Justin Sherman

Partner, Corporate

Charlie Zilvytis

Charlie Zilvytis

Associate, Corporate

Mark  Austin

Mark Austin

Partner, Commercial

W. Lee  Webster

W. Lee Webster

Partner, Intellectual Property

Matias Milet

Matias Milet

Partner, Taxation