CBrands Nixes Pouring More Cash into Canapy Growth

Constellation Brands had warrants for 139,745,454 common shares of Canopy Growth stock, the Canadian cannabis producer. By not using the warrants, Constellation's in Canopy will fall to 20.7% from 35.7%. A spokesman for CBrands said the company hasn't any " other present plans or future intentions” that relate to Canopy.

CBrands said it "may from time to time dispose of common shares or other securities of Canopy or conduct other transactions, in the future, either on the open market or in private transactions.”