Skip to toolbar

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

– 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»

Fact Check
Quick Rate
This article does not have enough ratings yet to calculate a Score. Please consider fact-checking and rating this article!

Verified Publisher

Founded 4/17/1989
Location Englewood Cliffs, New Jersey
Owner Comcast

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.
AllSides Media Bias Rating: Center
Profile Owner:
Subscribe to Premium to see Publisher stats
Fact Check

Article Sources +Add Source

User Contributed Sources

Scores & Stats

Top Indicators

Our.News User Ratings +Rate

Welcome! Please Login, or Join for free to rate.