(Fool) - Constellation Brands (NYSE:STZ) may be looking to offload some of its wine brands for over $3 billion, according to a recent report from Reuters. While still speculation at this point, such a move wouldn't be surprising. The kids are down with cannabis and the import and craft beer that Constellation specializes in; wine, not as much.

What's on the block?

Anonymous sources told Reuters that Constellation is considering the sale of the Clos du Bois, Mark West, Arbor Mist, and Cook's labels, among others. The proceeds would be used to bolster the diversified alcohol company's presence in beer and cannabis.

That makes sense, especially given Constellation's big investment in Canadian cannabis producer Canopy Growth Corporation (NYSE:CGC), which it announced over the summer of 2018 -- the first deal of its kind for a corporate beer company. That gave Constellation a controlling interest in Canopy Growth, which will be the former's "exclusive global cannabis partner," according to Constellation Brands CEO Rob Sands.