At the end of last week, Constellation Brands (NYSE:STZ) reported its financial results for the second quarter. The company performed well in most areas but was negatively impacted by its investment in Canopy Growth (TSX:WEED) (NYSE:CGC), sinking STZ stock. CGC stock is also falling this morning.
Here’s what we know.
Mixed Q2 Report Sends STZ Stock DownFor the most part, Constellation Brands performed well during the second quarter. However, its struggles to sell its wine portfolio and its investment in Canopy Growth caused the New York-based company to see some troubles in the ...
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