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2019 Unified Wine and Grape Symposium

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

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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