Constellation Fully Acquiring HOPWTR

Dear Client: Another day, another breaking news story: Constellation is announcing an agreement to acquire non-alc hoppy sparkling adaptogenic RTD/water, HOPWTR, in which it first invested (minority stake) in 2021 [see CBD 07-28-2021]. The deal is expected to close next month, subject to the usual closing conditions.  It's not hard to understand the move. In its official announcement, Constellation said that the NA segment is one of the fastest-growing categories in beer, with dollar sales up 22% last year.  "The