Less than a month after the signing of the 2018 Farm Bill, Canadian cannabis company Canopy Growth Corporation has announced plans to invest up to $150 million to establish its first U.S. production facility in New York state. Earlier this week, Canopy announced that the Empire State had granted it a license to begin processing and producing hemp. In a press release, Canopy said it would invest between $100 million and $150 million to build a U.S. operation in New York’s Southern Tier.
- BREWERY TYPE
- Production - Large
- Constellation Brands, Inc. (NYSE: STZ and STZ.B), based in Victor, New York, is a leading wine, beer and spirits company with a broad portfolio of premium brands. Constellation is the world leader in premium wine, the number one beer importer and the number three beer company in the U.S. The company’s brand portfolio includes Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Pacifico, Ballast Point, Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino, Jackson-Triggs, SVEDKA Vodka and Casa Noble Tequila.
- ANNUAL PRODUCTION
• Ballast Point Brewing Company
• Funky Buddha Brewery
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Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today the election of Bill Newlands, president and chief operating officer, and incoming chief executive officer of Constellation, to serve as a member of its board of directors, effective March 1, 2019, on which date the size of Constellation’s board will increase from 12 to 13 members.
Total U.S. beer dollar sales grew to more than $35 billion in 2018, according to retail data provider IRI. The Chicago-based market research firm, which tracks category-wide sales at major off-premise retailers, reported a 1.8 percent increase in beer dollar sales, despite a 0.3 percent decline in volume sales at multi-outlet and convenience (MULC) stores (grocery, drug, club, dollar, mass-merchandiser and military) through December 30.
Constellation Brands reported its third-quarter fiscal 2019 earnings today, which were highlighted by nearly 8 percent growth in beer depletions (sales-to-retailers) and a 14 percent increase in shipments (sales-to-wholesalers) for the comparable three-month period ending November 30.
More than a year after launching beer deliveries throughout Phoenix, Arizona, Pizza Hut today announced plans to expand the service into 1,000 stores by mid-2019. The national pizza chain, owned by Yum Brands, said it would expand its beer delivery service into five new states — Florida, Iowa, Nebraska, North Carolina and Ohio — by mid-January.
In this week’s edition of Last Call: Cargill unloads its malt business; domestic beer shipments decline 6 percent in November; Canopy Growth eyes the U.S. market following the Farm Bill signing; the Arcadia auction is postponed; and more industry news.
In this week’s edition of Last Call: Craft Beer Guild appeals a $2.6 million ‘pay-to-play’ fine; 4,000 craft brewers have adopted the Brewers Association’s independent seal; the TTB fines a Miami A-B wholesaler $1.5 million; and more beer industry news.
In this week’s edition of Press Clips: Reyes buys the Constellation Brands portfolio from Ace; beer shipments are down 2.1 percent in 2018; the U.S. brewery count eclipses 7,000; Utah mandates tests to ensure 3.2 ABW; and more.
After the final undefeated pro football team of the 2018 season lost this past weekend, Funky Buddha is proud to announce the release of its annual salute greatness, Undefeated Saison.
Constellation Brands, Inc. (Constellation) (NYSE: STZ and STZ.B) and Canopy Growth Corporation (Canopy Growth or the Company) (TSX: WEED, NYSE: CGC) today announced the closing of Constellation’s $5 billion CAD ($4 billion USD) investment in Canopy Growth, which was previously announced on August 15, 2018.
In episode eight of the Brewbound Podcast, Constellation Brands’ Bill Hackett discusses the strategies that have allowed the Corona brand to flourish in the U.S. over the last three decades, and how he sees the beer market evolving in the years to come. He also talks about the taproom phenomenon, the importance of brand building at a time when 7,000 craft breweries are fighting for mindshare, and what he drinks when he’s not tipping back a pint of beer.
In this week’s edition of Last Call: Constellation Brands seeks $3 billion for U.S. wine brands; the New York Prohibition Party seeks alcohol ban; BrewDog takes to the skies; and another wave of brewery closures hits.
Constellation Brands has succeeded in forcing two more Southern California beer wholesalers to sell the rights to distribute the company’s beer offerings to the Reyes Beverage Group. In separate deals, Reyes acquired the rights to sell Constellation’s offerings — including popular imported Mexican beer labels Corona, Modelo and Pacifico as well as craft offerings from Ballast Point — from Triangle Beverage in Santa Fe Springs and Beauchamp Distributing Company in Compton. The long-rumored deals officially closed on Friday, October 19, according to Constellation spokeswoman Jamie Stein.
Rob Sands will step down as CEO of Constellation Brands on March 1, 2019, the New York-based alcohol beverage company announced today. Assuming the role from Sands will be Bill Newlands, who joined Constellation as chief growth officer in 2015 and took over as president from Sands in February.
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