Corona beer maker to invest $4 billion more in weed producer Canopy

Reuters 

(Reuters) - Inc said on Wednesday it would invest $4 billion more in Canopy Growth Corp, raising its ownership stake in the Canadian to 38 percent.

Constellation, the U.S.-based maker of beer, said it would buy 104.5 million Canopy shares at C$48.60 per share, a 51.2 percent the stock's Tuesday closing price.

(Reporting by in Bengaluru; Editing by Sai Sachin Ravikumar)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 15 2018. 16:37 IST