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Constellation Brands stock sinks as weak wine sales, cannabis investment hurt 2019 forecast

CNBC.COM
– Shares of the Corona brewer drop after the company disappointed Wall Street with its fiscal 2019 outlook. Shares of Constellation Brands skidded as much as 11 percent Wednesday morning as the Corona brewer tries to offset its disappointing wine and spirits business with the latest craze: cannabis.Global alcohol consumption has been dropping as consumers find other vices like marijuana. As a way of moving beyond i..Read more»

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An American basic cable, internet and satellite business news television channel. The network primarily carries business day coverage of U.S. and international financial markets; following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
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