Comments Off on Constellation Moves Into Marijuana With $191M Stake In Canada’s Canopy Growth
Constellation became the first major drinks marketer to make a play in the cannabis category over the weekend, agreeing to take a 9.9% stake in Canada-based cannabis company Canopy Growth Corp. for about $191 million. Constellation cautioned that it “h... Read more
•Pernod Ricard’s Jacob’s Creek is backing its Double Barrel range with a new ad campaign. The initiative features a commercial titled “Two Barrels, One Soul,” which is narrated by actor Chris Hemsworth and puts the focus on Double Barrel’s production &... Read more
Comments Off on Craft Brewing and Distilling News for October 30, 2017
•Oregon’s Ninkasi Brewing Company will release the third edition of its Ground Control Imperial Stout in November. The beer, a 10%-abv stout brewed with hazelnuts, star anise and cocoa nibs, is fermented with yeast that Ninkasi launched into space in &... Read more
Comments Off on Campari Looks To Boost Grand Marnier By Emphasizing Link To Cognac
Last year, Campari added luxury liqueur Grand Marnier to its portfolio in a deal worth nearly $760 million. Despite being in a transition year, Grand Marnier held steady in 2016 at 488,000 cases in the U.S., according to Impact Databank, … Contin... Read more
•Jose Cuervo has posted 24.3% net sales growth to $299.2 million for its third quarter ended September 30. Company volumes also rose, up 15.2% over the same period last year, bolstered by a 17% gain in the U.S. and Canada. … Continue reading U... Read more
Comments Off on Craft Brewing and Distilling News for October 27, 2017
•Boston Beer Company has reported revenue and depletion declines of 3% and 3.5%, respectively, for its third quarter ended September 30. Net revenue was down by 3% to $247 million on the same quarter last year, due to a decrease … Continue readin... Read more
Comments Off on “Champagne” Service Falls Flat on Flight
An outraged passenger (or hero?) is suing a Canadian airline for false advertising after “Champagne service” turns out to be cheap sparkling wine. Read more
Long the torchbearer for Canadian whisky, Diageo’s Crown Royal continues to dominate the category at nearly 4 million cases in the U.S. market, excluding its flavored varieties. In keeping with overall Canadian whisky trends, the lion’s share of Crown ... Read more