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

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