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SunTrust downgrades Constellation following cannabis buy (access required)

SunTrust has downgraded Victor-based Constellation Brands from "buy" to "hold" following the company's massive investment into the cannabis market last month. On Aug. 14, Constellation closed on the purchase of 104.5 million shares of Canopy Growth Corp., a commercial cannabis company based in Smith Falls, Ontario, Canada, to the tune of $4 billion US. Constellation's share ...

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