Alcoholic beverage marketer and producer Constellation Brands is crossing over to the recreational marijuana business.
The Wall Street Journal is reporting that Constellation, a beer distributor that owns Corona, purchased nearly 10 percent of the Canadian marijuana company Canopy Growth Corporation.
The two companies will work on creating cannabis-infused beverages for the Canadian marketplace.
The agreement, confirmed in a press release Monday, includes $191 million in exchange for a 9.9 percent stake in the Canopy Growth Corporation.
The company will not sell Marijuana based products in the U.S. until it's legalized at the federal level.
Canopy Growth is the world's largest publicly traded cannabis company, with a market valuation of 2.2 billion Canadian dollars. It is listed on the Toronto Stock Exchange.
Constellation said the transaction is expected to close during the Company's third quarter of fiscal 2018.