Companies throughout the United States are developing cannabis-infused beverages, which they believe will enable them to better compete with beer products.
Louisville-based Copper & Kings American Brandy Co. announced the sale of a minority equity stake to Victor, N.Y.-based Constellation Brands, a leading international producer of beer, wine and spirits.
Constellation Brands, Victor, N.Y., has signed an agreement to acquire a minority stake in Ontario, Canada-based Canopy Growth Corp., a provider of medicinal cannabis products.
Constellation Brands Inc., Victor, N.Y., announced its purchase of Oakland Park, Fla.-based Funky Buddha Brewery, reinforcing its strategy to lead the high-end beer segment in the United States. Funky Buddha will join Constellation’s Craft & Specialty Beer Group.