BRUSSELS (Reuters) – Twelve leading beer, wine and spirits companies have pledged to put clear age-restriction labels on their drinks and set tighter controls on access to their online content in a bid to reduce underage drinking. The International Alliance for Responsible Drinking (IARD), which includes Anheuser-Busch InBev (BR:), DiageoRead More →
The bottle: L’usine Cellars 2017 Annapolis Vineyard Pinot Noir, $125 The back story: We associate the late and legendary pop artist Andy Warhol with soup cans and celebrities, because those were two of his favorite subjects. But what about Warhol and…wine? California vintner Dave Phinney, who was behind the top-sellingRead More →
In a stunning deal that shows how much the craft-beer industry has changed in recent years, Constellation Brands Inc. on Tuesday unloaded the Ballast Point beer brand — which it bought for a record price in 2015 — to a little-known Chicago-area brewer for an undisclosed sum. Highwood, Ill.-based KingsRead More →
You know what’s better than beer? Cheaper beer. Anheuser-Busch InBev SA BUD, +0.29% , the world’s largest brewer, found a way to buy some beer brands it knows well — including the Kona Brewing Co. and Redhook Brewery — for less than it could have just a few months ago,Read More →
TORONTO — Until very recently, Canopy Growth Corp. Chief Executive Mark Zekulin rarely spoke to the news media, relying on boisterous co-CEO Bruce Linton to spread the company’s message and communicate with shareholders. Canopy’s CGC, -1.55% WEED, -2.06% board, controlled by Constellation Brands Inc. STZ, +0.98% after its $4 billionRead More →
Cannabis stocks fell for a third straight day Monday, shrugging off gains in the broader market as the bearish sentiment that has hurt the sector all summer continued to weigh. The ETFMG Alternative Harvest ETF MJ, -0.52% was down 1.1%, with 25 of its constituent stocks trading lower. The HorizonsRead More →
Happy Monday, MarketWatchers. Don’t miss these top stories: Four in 10 parents would switch doctors if their pediatrician also treated anti-vaxxer families Health providers are in a ‘challenging position’ in the vaccination debate, research shows. The relatable reason why the ‘tooth fairy’ is leaving less money under the pillow theseRead More →
Canopy Growth Corp. reported a C$1.28 billion quarterly loss late Wednesday and missed analyst estimates for revenue, sending shares down 10% in after-hours trading. The world’s largest cannabis company by market value, Canopy Growth CGC, -6.64% WEED, -5.76% reported fiscal first-quarter net losses of C$1.28 billion, or C$3.70 a share,Read More →
TORONTO — Aurora Cannabis Inc. is one of only two major Canadian cannabis companies with a market value of more than $1.5 billion that has yet to ink a partnership or investment deal with a major U.S. company, but that’s because a rich American advised executives not to do it.Read More →
The bottles: Rosé wines from Israel, various prices The back story: With the Jewish holiday of Passover upon us, it’s time to break out the wine. After all, it is key feature of the seder, the dinner and service that marks the start of the celebration, which commemorates the JewishRead More →
Cocktail drinkers across the United States are of one mind when it comes to their favorite pour: The margarita is the king, and the martini is sloshing right on its heels. But not in Chicago. Alone among American big cities, the Windy City exalts a drink whose very name bespeaksRead More →
