The Victor based company is selling about two and half dozen brands of its inexpensive wines to E. J. Gallo in a $1.7B deal

VICTOR — Constellation Brands announced it is selling off about 30 of its lower-priced wines; the ones that sell for about $10 a bottle, to E.J. Gaollo Winery.

The Victor-based company, once known as Canandaigua Wines, plans to focus more on its premium brands, like Mondavi, Corona and Modelo beers.

"One of the hallmarks of our success over the years has been our ability to evolve and stay on the forefront of emerging consumer trends,” said Bill Newlands, Constellation Brands president and chief executive officer.

“This decision will help enhance organizational focus on a more premium set of wine and spirits brands that better position our company to drive accelerated growth and shareholder value. In turn, Gallo is acquiring a collection of great brands that complement their operational model and business strategy to provide quality products to consumers at every price point.”

Last August, the company raised its stake, a $4 billion dollar stake, in the Canandian cannabis producer, Canopy Growth. Constellation has plans to sell cannabis-infused drinks but has no plans to sell marijuana in the U.S. until it is legal at all government levels. Constellation now owns almost 40-percent of Canopy Growth

The company expects to close the deal after next year's fiscal first quarter.