Constellation will pay about $191 million (C$245 million) for a 9.9 percent stake in Canopy Growth Corp., a Canadian seller of medicinal-marijuana products. The deal kicked off the biggest rally in nearly a year for Canopy, which trades on the Toronto Stock Exchange under the ticker WEED.
Constellation will work with Canopy to create and market cannabis-infused beverages. Constellation will not sell any such pot products in the U.S. unless marijuana is legalized nationally, but it is eyeing the Canadian market
If Canada is known internationally as a wine-producing country, it's probably for the superb ice wines grown on Ontario's Niagara peninsula, brands like Inniskillin and Jackson-Triggs. That's about to change. Whole Foods three years ago ran a month-long promotion of premium Canadian table wines, specifically eight wines from BC's spectacular Okanagan Valley in a promotion co-sponsored by the BC Wine Institute.
Court documents claim Daniel Macduff, a retired civil servant from the Quebec City area, booked a Sunwing Airlines flight to Cuba last November that advertised a "champagne service." But instead of a glass of high-quality bubbly from France's famous Champagne region, Macduff was served a cheap sparkling wine, his lawyer said.
Vancouver lawyer Shea Coulson says five B.C. wineries will argue as interveners in the case stemming from a 2012 incident when police fined a man who entered New Brunswick from Quebec with 14 cases of beer and three bottles of liquor.
The United States says it wants Canadian province British Columbia to stop discriminating against imported wine through its regulation of allowing only provincial wine to be sold on regular grocery store shelves.
Mr. Horgan, who in the past has voiced support for bringing existing operators on board, seemed to suggest on Tuesday that B.C.'s robust marijuana industry means the province is already well-positioned to begin legal retail sales by the federal government's July 1 target.
The wine dispute -- initiated in the last days of the previous administration -- comes as negotiators from the U.S., Canada and Mexico try to hash out a revamp of the North American Free Trade Agreement