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Tuesday, July 02, 2019 7:50:42 PM
They support Canopy's move into the U.S. hemp CBD market
While Constellation looks forward to working with Canopy to introduce new higher-margin form factors -- including vapes, beverages, and edibles -- in Canada later this year, the company also eagerly anticipates Canopy's entrance into the U.S. hemp cannabidiol (CBD) market. Canopy is building a large-scale hemp production center in New York state. Newlands echoed the comments from Bruce Linton in Canopy's Q4 conference call that Canopy will market CBD products in the U.S. by the end of 2019.
In his remarks about Canopy's entrance into the U.S. hemp CBD market, Constellation's Klein said, "We think that's a good place for them to focus their money and resources to really take advantage of what could be a very large and profitable market in the U.S." adding that his company is "really happy with how they're positioning themselves there."
https://finance.yahoo.com/news/5-things-constellation-brands-just-100000607.html
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