Aug. 15 (UPI) -- Beer and liquor importer Constellation Brands announced a $4 billion investment in Canadian marijuana grower Canopy Growth Corp. Wednesday.
Constellation, whose brands include Modelo and Corona beer, Svedka vodka and Case Noble tequila, currently has a 10 percent investment in Canopy Growth. The new infusion of cash will increase the stake to about 38 percent and includes warrants and other incentives to raise its position in the company to 50 percent in the next three years.