Excuse me, bartender. I’ll have whatever the CEO of Constellation Brands (NYSE:STZ) is having. In a recent interview with Jim Cramer, Bill Newlands, the CEO leading the company behind Modelo and Corona, said top-line revenue at Canopy Growth (NYSE:CGC) could reach $1 billion annualized by the end of its fiscal year. Here’s why he might be disappointed. Last year, under a different CEO, Constellation Brands raised its equity stake in Canopy Growth to 38% by pouring $4 billion into the Canadian cannabis producer. While it’s only natural for the current CEO to say encouraging things about his company’s giant investment, Newlands may have made a promise that Canopy can’t possibly keep. Can Canopy Growth Sales Reach $1 Billion This Year?
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