Reading Time: 2 minutes Reuters — Constellation Brands has bought a nearly 10 per cent stake in Canadian cannabis producer Canopy Growth Corp. for about $245 million, making it the first major wine, beer and spirits producer to invest in legal cannabis. The move by the maker of Corona beer and Svedka vodka comes as Canada and a growing […] Read more
Constellation hedges bets on pot boom with Canopy stake
Krispy Kreme owner to buy bakery chain Panera Bread
Reading Time: 2 minutes Reuters — JAB Holdings, the owner of Caribou Coffee and Krispy Kreme Doughnuts, said Wednesday it would buy bakery chain Panera Bread for US$7.2 billion, as it expands its coffee and breakfast empire through the biggest-ever U.S. restaurant deal. JAB, the investment vehicle of Germany’s billionaire Reimann family, has built up an empire of coffee […] Read more
Mars buying out Buffett stake in Wrigley
Reading Time: 2 minutes Reuters — The candy maker Mars Inc. on Thursday said it would take full control of its Wrigley chewing gum business, acquiring the minority stake held by Warren Buffett’s Berkshire Hathaway Inc. Mars plans to combine Wrigley with its chocolate business, putting M+Ms, Snickers, Skittles, Lifesavers, Starburst fruit chews, Doublemint and Extra gum and Altoids […] Read more
A message from April Stewart, Country Guide's Associate Editor
