constellation brands rumors

October 25, 2020

Market data powered by FactSet and Web Financial Group. Nothing ended up materializing from that, but multiple sources did report it, and it's possible Coca-Cola did do some kicking of the tires. The document Galaz-Duarte is referring to is Recommendation 1/2020 from Blanca Jiménez Cisneros, the director of the national water commission, a division of the National Human Rights Commission (CNDH), dated Feb. 6. Visitors and members of Centro de la Raza and Diana Arángure from Mexicali Resiste (upper right) pose in front of a banner in Seattle in 2018. Constellation Brands, Inc. produces and markets beverage alcohol in the United States and internationally. New products like Meiomi Rose and Svedka Blue Raspberry are "exceeding our expectations," said Bill Newlands, who became CEO on March 1, in a recent earning call. It's only a matter of time before another big name like Coca-Cola or Diageo joins Constellation Brands with a foray into the cannabis industry. Constellation Brands Elects Nicholas Fink of Fortune Brands Home & Security, Inc. to Its Board of Directors. Constellation Brands Reports Second Quarter Fiscal 2021 Results. Data is a real-time snapshot *Data is delayed at least 15 minutes. Galaz-Duarte says water is a human right, and as such, should already be guaranteed. Investing in pot stocks themselves may be a better strategy. Data from analytics company Nielsen shows that hard seltzer sales quadrupled over a 15-week period ending June 13. “The National Human Rights Commission has said that, and there’s a document showing that, proving that.”. Shares of Constellation, which have a market value of $32 billion, are down 25 percent over the past year. Although it may seem like a risky move for a fairly conservative company like Coca-Cola, here's why a move into that industry may be inevitable. Amid a pandemic, it may be awhile before that happens, but investing in pot stocks today could pay off in a few years, especially if marijuana legalization continues to progress in the U.S. Stock Advisor launched in February of 2002. In this regard, we hope to serve as a model for other businesses throughout Mexico in implementing water neutral initiatives. That wasn’t the case after all. Chris Mercer October 6, 2016. As pressure mounts for Coca-Cola and other companies to expand their own sales, cannabis offers an opportunity to broaden product lines and reach more customers. “Our position is that human rights cannot be negotiated, cannot be put to a vote,” he says. In November, it closed a $4 billion investment in the Canadian marijuana company Canopy Growth. In total, our operations in Mexicali are projected to contribute more than $500 million (USD) in economic benefit to the Mexicali community.”. Sign up for free newsletters and get more CNBC delivered to your inbox. Cumulative Growth of a $10,000 Investment in Stock Advisor, Could a Cannabis Investment Be on Coke's Radar? However, since 2017, an activist group called Mexicali Resiste, or “Mexicali Resistance,” has called for a boycott of the company's products like Corona and Modelo beers. Among the points being discussed are which brands will be part of the sale. Constellation Brands (NYSE:STZ), the maker of Corona beer, Svedka vodka, and more, has jumped into the cannabis market with both feet, investing … Constellation is the third largest beer company in the United States, behind Anheuser-Busch and MillerCoors. Constellation Brands is facing renewed challenges over a controversial brewery in Mexicali, Mexico. Those brands include Kim Crawford, Meiomi and Prisoner. When millennials do drink, they increasingly turn to premium wine or other drinks like spirits and craft beer. Whether it's with Aurora or another cannabis company, investors shouldn't rule out the possibility of something happening in the future involving Coca-Cola. The consultation comes one day before World Water Day. Constellation Brands is a Fortune 500 Company based in Victor, NY. But he didn't outright say that it would never happen. Got a confidential news tip? Through its Topo Chico brand, it plans to launch the new products next year, and the reason is likely no mystery: During the coronavirus pandemic, hard seltzer has been selling incredibly well. 09.30.20. © 2020 CNBC LLC. A Division of NBCUniversal. See you at the top! We want to hear from you. Constellation Brands is in advanced talks to sell its some of its low-end wine brands to E. & J. Gallo Winery, people familiar with the situation tell CNBC. Constellation put its U.S. wine business, which includes brands like Clos du Bois, Mark West, Arbor Mist, up for sale last year as part of its push to move further into cannabis. Constellation Brands is facing renewed challenges over a controversial brewery in Mexicali, Mexico. In 2018, it appeared that a deal involving Coke and cannabis producer Aurora Cannabis (NYSE:ACB) was right around the corner, with the soft-drink giant looking to make cannabis beverages. And while the federally illegal status of cannabis in the U.S. could be a deterrent in the short term, the Canadian market is wide open and could serve as a great testing ground.

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