FREE! Subscribe to News Fetch, THE daily wine industry briefing - Click Here


SPONSORED BY:
2019 Unified Wine and Grape Symposium
SPONSORED BY:

USATT

WEED a high point for Constellation as Ballast sinks its craft beer buy

Screen Shot 2018-01-05 at 5.07.03 AM

Source: RBC Capital Markets. Stock quote at: WEED: CN Toronto

“In F1Q18, Constellation took an impairment charge of $86.8M to its craft beer trademark asset as a result of the weaker-than-expected performance of Ballast Point. We note that the gain in the Canopy investment more than offset the earlier write-down on Ballast Point.” — RBC Capital Markets