Corona, SVEDKA, Ruffino Makers Goes Dope —Is OOH Ahead?
Constellation Brands is in Weed Business, OOH Buys Can not be far Behind
Booze Company Goes Dope —OOH Ahead
On August 15 of this year, Constellation Brands invested $4 Billion in Canopy Growth Corporation, a cannabis company. See the announcement here⇒ $4 Billion in Weed.
Constellation Brands, a Fortune 500 company, is a leading producer and marketer of beer, wine and spirits. Constellation spends big dollars in OOH on its multiple brands like Corona beer, Ruffino wine, SVEDKA vodka and more.
Constellation spends big dollars in OOH on its multiple brands like Corona beer, Ruffino wine, SVEDKA vodka and more.
Constellation is the No. 3 beer company in the U.S. with high-end, iconic imported brands such as Corona Extra, Corona Light, Modelo Especial, Modelo Negra and Pacifico. The company’s beer portfolio also includes Ballast Point and Funky Buddha Brewery. In
addition, Constellation’s wine, includes Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Black Box, Ruffino and The Prisoner. The company’s premium spirits brands include SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.
Constellation Brands buys a lot of #OOH.
Ken Sahlin, Chief Executive Officer at DOmedia, wrote the enlightening article below on the implications of marijuana and OOH.
Is Marijuana Advertising Going Mainstream?
- by Ken Sahlin from Media Post
Last month, Constellation Brands Inc. announced an investment of nearly $4 billion into Canadian marijuana grower Canopy Growth Corporation, the largest publicly traded marijuana company.Constellation is known for building major brands. Corona, another intoxicating substance in Constellations’ portfolio, is already one of the world’s most valuable brands, reports Forbes.
It’s a sign that marijuana advertising — which is already having a big year — is about to move from the back streets to Main Street.
This investment could have interesting implications for the out-of-home (#OOH) advertising industry.
OOH is particularly well suited to weed, since it is locally regulated, great for activation and building awareness, and low-cost when compared to other advertising options. Just look at MedMen. It spent $2 million on a campaign — largely featuring outdoor ads — in an attempt to de-stigmatize marijuana use.
The campaign received national news coverage. But, beyond de-stigmatizing marijuana users, the campaign also helped bring marijuana advertising into the mainstream.
Constellation Brands Inc. is the 12th-largest beverage company, per Statista, in the world by sales. It ha no shortage of experience using OOH to build iconic brands. The firm turned Corona into one of the nation’s most lauded OOH advertisers.
After being introduced in the U.S. in 1981, Corona Extra became the country’s fastest-growing beer brand. Its “Find Your Beach” campaign was overwhelmingly successful, making the beer and its advertising iconic.
In 2016, Corona received the The OBIE Hall of Fame Award, which was established by the Outdoor Advertising Association of America to reward brands that exemplify long-standing distinction in OOH advertising.
The real question is how outdoor advertising vendors will respond. Marijuana does carries a certain stigma, and some vendors are reluctant to allow marijuana advertising. However, the latest data from Pew Research Center states that almost six in 10 Americans support marijuana legalization.
That is almost double the rate of legalization support back in 2000, signaling that public opinion of marijuana is slowly headed in a more positive direction. In practice, there doesn’t appear to be much push-back so far. Billboardsin, a large online outdoor advertising marketplace, has successfully placed ads for five marijuana-based businesses in three months with zero rejections.
With public opinion of marijuana legalization at an all-time high and a Fortune 500 company investing big bucks in the industry, it’s only a matter of time before marijuana ads become mainstream.
Still, changes like this don’t happen overnight. It will be a while before you see marijuana ads during the Super Bowl, but it might not be too long before you see them on your walk to the neighborhood soup and sandwich joint.