Constellation Takes Stake in Colorado Rum Distiller

Dear Client:Constellation Brands has acquired a minority stake in Colorado-based rum maker Montanya Distillers through its Constellation Brands Ventures' Focus on Female Founders program, per a release. No financial details were disclosed. You may recall, Constellation announced the Focus on Female Founders program late last year. The company has earmarked $100 million to invest in female-founded alcohol companies over the next 10 years [see WSD 12-06-2018]. Karen Hoskin, founder, president and ceo of Montanya Distillers, will continue to manage, produce, market and