BBC Business16 Aug 2018 07:33
Just read article on BBC website Business section which bodes well for Horticultural Perlite demand in our part of the world. Part of it blew;
Corona beer owner Constellation Brands is set to pour some $4bn (£3.15bn) into Canada's top cannabis producer, Canopy Growth, in a deal marking the largest investment in the industry to-date.
Last year, Constellation injected $200m into Canopy in a deal to produce a non-alcoholic cannabis-based beverage.
The alcohol firm wants to capitalise on the growing legalisation of the drug.
On news of the deal, Canopy's Toronto-listed stock surged 30%, while on Wall Street, Constellation's fell 6%.
The two firms said the investment would allow Canopy to expand its business reach "in the nearly 30 countries pursuing a federally permissible medical cannabis programme".
Canopy, which has the largest legal cannabis production footprint in the world, currently produces cannabis-based oils and soft gel caps, among other products.