US-based alcoholic beverages producer Constellation Brands has signed an agreement with Ontario Teachers’ Pension Plan to sell its Canadian wine business for C$1.03bn ($783.62m).

The transaction will enable Constellation Brands to focus on growth brands, and expand its wine and spirits portfolio.

In another deal, Constellation Brands has acquired five super-premium and ultra-premium wines from US-based wine producer Charles Smith Wines for $120m.

"The transaction will strengthen Constellation Brands’ core wine portfolio."

The transaction will strengthen Constellation Brands’ core wine portfolio.

Vitalus Nutrition has signed a joint venture (JV) agreement with dairy goods producer Gay Lea Foods Co-operative Limited to process butter and dairy ingredients in Manitoba, Canada.

Vitalus Nutrition is a dairy ingredients supplier for the food, beverage and nutraceutical industry. Both the companies involved in the JV are based in Canada.

The JV will upgrade an existing manufacturing facility to increase drying capacity and enable butter production.

The Tinley Beverage Company (formerly Quia Resources), has announced plans to raise C$2.5m ($1.9m) in private placement of units priced at C$0.17 ($0.12) a unit.

Based in Canada, Tinley Beverage Company is a hemp-oil infused beverages producer and developer. The company plans to use the funds from the offering for product development and expansion capital.