Canopy Growth Corporation (NYSE: CGC) has seen another investment by Constellation Brands into the company after last year’s $119 million investment. The $119 million was for beverage development to create a cannabis-infused drink. This time around, Constellation has invested $4 billion into the company. It is now being reported that the company’s initial $119 million investment has profited Constellation Brands over $700 million.
Due to the news of this large investment the value of Canopy Growth stock has increased significantly. The value of CGC has increased by 37% over the last 3 days of trading.