Tag Archives: Molson Coors brewing

Molson Coors Canada and HEXO Launch Truss

Oct. 4, 2018 /CNW/ - Molson Coors Canada (MCC), the Canadian business unit of Molson Coors Brewing Company (NYSE: TAP; TSX: TPX), and HEXO Corp. (TSX: HEXO) today announced that they have closed the transaction announced on August 1, 2018, to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.

The potential product tie-up, reported by Canadian financial channel BNN Bloomberg, could help Coke’s efforts to overcome sluggish demand for its sugar-heavy sodas by diversifying into coffee and health-focused drinks.

U.K. alcohol giant Diageo circling Canada for cannabis deals

The entry of Diageo (DEO.N) – which sells big-name brands like Guinness beer and Crown Royal Canadian whisky – into the cannabis market would be another milestone in the burgeoning sector that has seen other major alcohol players such as Molson Coors Brewing Co. (TAP.N 1.09%) and Constellation Brands Inc. (STZ.N 0.57%) enter the space to fend off pot from cannibalizing alcohol sales.