Goat_1
5 years ago
Molson Coors Brewing Company to Webcast 2019 Third Quarter Earnings Conference Call
Molson Coors Brewing Company (NYSE: TAP, TAP.A; TSX: TPX.B, TPX.A) will host a webcast of the company’s 2019 Third Quarter Earnings Conference Call with investors and financial analysts at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) on Wednesday, October 30, 2019. The company will release earnings at approximately 7:00 a.m. Eastern Time on the same day. Company executives participating in the conference call will include Gavin Hattersley, President and Chief Executive Officer, and Tracey Joubert, Chief Financial Officer.
The webcast will be accessible via the Investor Relations page of the Molson Coors Brewing Company web site, ir.molsoncoors.com. An online replay of the earnings call webcast will be posted within two hours following the live webcast and will be available until 11:59 p.m. Eastern Time on February 11, 2020.
Overview of Molson Coors
Molson Coors has defined brewing greatness for more than two centuries. As one of the largest global brewers, Molson Coors works to deliver extraordinary brands that delight the world’s beer drinkers. From Coors Light, Coors Banquet, Miller Lite, Molson Canadian, Carling, Staropramen and Sharp’s Doom Bar to Leinenkugel’s Summer Shandy, Blue Moon Belgian White, Hop Valley, Creemore Springs and Crispin Cider, Molson Coors offers a beer for every beer lover.
Molson Coors operates through MillerCoors, Molson Coors Canada, Molson Coors Europe and Molson Coors International. The company is not only committed to brewing extraordinary beers, but also running a business focused on respect for its employees, communities and drinkers, which means corporate responsibility and accountability right from the start. It has been listed on the Dow Jones North America Sustainability Index for the past nine years. To learn more about Molson Coors Brewing Company, visit molsoncoors.com, ourbeerprint.com or on Twitter through @MolsonCoors.
About Molson Coors Canada Inc.
Molson Coors Canada Inc. (MCCI) is a subsidiary of Molson Coors Brewing Company. MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of MCBC, as described in MCBC’s annual proxy statement and Form 10-K filings with the U.S. Securities and Exchange Commission. The trustee holder of the special Class A voting stock and the special Class B voting stock has the right to cast a number of votes equal to the number of then outstanding Class A exchangeable shares and Class B exchangeable shares, respectively.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191009005068/en/
Media:
Eric Gunning
(303) 927-2448
Investor Relations:
Mark Swartzberg
(303) 927-2334
tw0122
6 years ago
Enjoying a cold beer may not be so pleasant now that testing has revealed 14 top beers, including Coors Light and Heineken, contain traces of glyphosate from Monsanto’s Roundup weed killer.
Scientists looked at five wine brands, one cider and 15 top beer brands including Coors Light, Miller Lite, Budweiser, Corona, Heineken, Guinness and Stella Artois and found glyphosate in all but one, Peak Organic IPA.
Tsingtao was found to be the worst beer for glyphosate, with 49.7parts per billion (ppb), and of the five wines, the 2018 Sutter Home merlot had the highest levels of glyphosate, with 51.4 ppb.
Glyphosate is found in Monsanto’s Roundup and is a probable carcinogen, according to the World Health Organization.
While the amount detected was below the Environmental Protection Agency limits, it is still “concerning given the potential health risks,” said United States Public Interest Research Group (PIRG), which carried out the testing.
Study author Kara Cook-Schultz said that despite the best efforts of drinks manufacturers, the worrying reality is that “consumers will likely drink glyphosate at every happy hour and backyard barbecue around the country.”
PennyStock Alert
6 years ago
Breaking News: The Multi-Billion Dollar US and Canadian CBD-Infused Beverage Race is On: Tilray, Coca Cola, Molson Coors Brew...
Source: GlobeNewswire Inc.
OTCMarketsinsider.com News Commentary
2019 is poised to be a pivotal year for the cannabis-infused-beverage market. Investors seeking to profit from the early growth of this new opportunity have plenty of options to choose from.
Canaccord’s Bobby Burleson and Jonathan DeCourcey claimed that infused beverages could be poised to outpace general demand for marijuana products by two fold, taking 20% of the existing market for cannabis edibles by 2022.
Canadian cannabis company Tilray entered a $100 million joint venture with beer brewer AB InBev to study cannabis-based beverages. The joint venture, in which both companies will invest $50 million, will study non-alcoholic beverages containing THC, the psychoactive chemical compound in marijuana, as well as CBD, the non-active chemical.
Heineken also launched a JV in California's, the world's biggest marijuana market. In June 2018, Heineken subsidiary Lagunitas announced a partnership with cannabis company AbsoluteXtracts to market cannabis-infused sparkling water products under the brand name Hi-Fi Hops. The products became available to consumers in July 2018. One version of Hi-Fi Hops contains 10 mg of THC, while the other contains 5 mg of THC and 5 mg of CBD.
Coca-Cola Co. said it’s eyeing to enter the CBD market, becoming the latest beverage company to tap into surging demand for marijuana products as traditional sales slow. Coca-Cola says it’s monitoring the nascent industry and is interested in drinks infused with CBD.
Last August, Molson Coors entered into a joint venture with HEXO, a Quebec-based marijuana cultivator, to produce cannabis-infused beverages for the Canadian market. Canada legalized marijuana for all adults on October 17, though products like beverages, edibles, and vaporizers won't be available until the fall of 2019.
The CEO of Molson Coors is bullish on cannabis-infused beverages. During the company's third-quarter earnings call, CEO Mark Hunter said the cannabis market could total $7 billion to $10 billion in Canada alone. Nonalcoholic cannabis-infused beverages could account for as much as $3 billion, or 30% of the total market.
Mark Hunter said Molson Coors, through the joint venture, was "well-placed" to take a meaningful share of that market when it opens up. "We decided as a business that we did not want to be a spectator as this new market opened up," Hunter said. "And we clearly wanted to be a participant."
American Premium Water Corporation, a company with one foot already in the growing CBD beverage market with its LALPINA Hydro CBD water, announced in October that it developed a formulation using its proprietary Hydro-Nano technology for THC. In December it announced they had entered into an agreement with Growpacker, a California based company that does infusion and fulfilment in the CBD and cannabis sector. Growpacker has a number of relationships with dispensaries in the state, and provides the distribution network for the Company to sell into the US’s largest marijuana market.
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PennyStock Alert
6 years ago
Americans Are Drinking Less Alcohol
Source: Dow Jones News
By Saabira Chaudhuri and Jennifer Maloney
Americans are increasingly laying off the booze, prompting the world's biggest brewers and liquor companies to push beyond their traditional fare and roll out teas, energy drinks and nonalcoholic spirits.
New data show that U.S. alcohol volumes dropped 0.8% last year, slightly steeper than the 0.7% decline in 2017. Beer was worst hit, with volumes down 1.5% in 2018, compared with a 1.1% decline in 2017, while growth in wine and spirits slowed, according to data compiled for The Wall Street Journal by industry tracker IWSR.
The fall in alcohol volumes reflects "a growing trend toward mindful drinking or complete abstinence, particularly among the millennial cohort," says IWSR's U.S. head Brandy Rand. Wine grew by 0.4%, down from 1% the year before, while spirits climbed 1.9%, compared with 2.2% in 2017.
In response to the slowdown, alcohol makers are trying to diversify. Molson Coors Brewing Co. has turned to kombucha, Budweiser brewer Anheuser-Busch InBev SA sells a spiked coconut water, and Smirnoff maker Diageo PLC wants teetotalers to start mixing cocktails with a pricey, alcohol-free gin alternative.
IWSR forecasts low- and no-alcohol products in the U.S. -- still a small slice of the market -- to grow 32.1% between 2018 and 2022, triple the category's growth over the past five years. IWSR's sales figures are based on products shipped.
Molson Coors, grappling with weak sales of Coors Light, wants to build out a broad portfolio of "brewed beverages," Chief Executive Mark Hunter said in an interview. That means beer, tea and perhaps even coffee, he said. The company has invested in Boulder, Co.-based Bhakti Chai Tea Co. and bought a California-based maker of kombucha -- a fizzy, fermented tea.
"We're certainly not sitting on our hands," Mr. Hunter said.
Industry executives say drinkers are increasingly concerned about health and that younger generations socialize differently to their parents, drinking less.
"Twenty years ago we didn't have coffee shops open late, and pubs and bars open for coffee," said Ben Branson, chief executive of nonalcoholic distilled spirit maker Seedlip Ltd., which is part owned by Diageo. "People are favoring experiences over 'lets go drink on a night out.'"
While booze makers are partly responding by pushing pricier tipples -- helping sales by value grow despite lower volumes -- they're also scrambling to offer a wider selection of drinks. Brewers, in particular, are under pressure as consumers abandon mainstream beer.
AB InBev last year created a new global position, head of nonalcoholic beverages, to lead its efforts to diversify. Nonalcoholic drinks -- including energy drinks and nonalcoholic beers -- already make up more than 10% of the Bud brewer's volumes. In 2017 it acquired Hiball Inc., a maker of organic energy drinks. AB InBev recently began selling Budweiser Prohibition brew -- a nonalcoholic version of its flagship beer -- in Columbus and Detroit. Nonalcoholic beer volumes in the U.S. are expected to climb 9.3% over the next five years, according to research firm Euromonitor.
The beer company also has stepped up its efforts to woo consumers defecting to wine and cocktails. Its craft-style breweries in Oregon, California and New York have served as incubators for new, boozy versions of coconut water, matcha tea and agua fresca, a Mexican fruit-juice drink.
The brewer plans to later this month launch a seltzer brand, Bon & Viv, which it will advertise alongside its beers at the Super Bowl.
"People are looking for something that tastes good but also allows them to live well," Chelsea Phillips, head of marketing for AB InBev's Beyond Beer division, said in an interview.
Volumes of ready-to-drink alcoholic beverages jumped 6.1% last year, according to IWSR, driven by hard seltzers, which executives say appeal to consumers because of their low calories and sugar.
Distillers also are embracing the popularity of lower-alcohol drinks.
Late last year, Diageo launched a lower-alcohol, botanical version of Ketel One, which it said has 25% fewer calories than the regular vodka. Alcohol content is 30% compared with 40% in regular Ketel One.
Diageo Chief Executive Ivan Menezes said last year that adults opting for lower alcohol options was "an important trend over the next many years" and that the company was "putting a lot of focus behind it."
Diageo has been working to help expand Seedlip, in which it took a minority stake in 2016. The London-based brand, which can be drunk with tonic or used in cocktails, markets itself as solving the dilemma of "what to drink when you're not drinking."
Seedlip is available in 6,000 locations, including 500 in the U.S., where it recently opened its first office. The upscale brand sells three variants, which cost about $30 a bottle upward.
This spring, Seedlip plans to launch a new nonalcoholic brand called Æcorn Aperitifs, designed to be drunk before dinner. The liquid will be made from English grapes, herbs, roots and bitter botanicals, and is aimed at consumers who want a nonalcoholic option to drink with food.
Write to Saabira Chaudhuri at saabira.chaudhuri@wsj.com and Jennifer Maloney at jennifer.maloney@wsj.com
(END) Dow Jones Newswires
January 17, 2019 09:14 ET (14:14 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
PennyStock Alert
6 years ago
As Americans Drink Less Alcohol, Booze Makers Look Beyond the Barrel -- Update
Source: Dow Jones News
By Saabira Chaudhuri and Jennifer Maloney
Americans are increasingly laying off the booze, prompting the world's biggest brewers and liquor companies to push beyond their traditional fare and roll out teas, energy drinks and nonalcoholic spirits.
New data show that U.S. alcohol volumes dropped 0.8% last year, slightly steeper than the 0.7% decline in 2017. Beer was worst hit, with volumes down 1.5% in 2018, compared with a 1.1% decline in 2017, while growth in wine and spirits slowed, according to data compiled for The Wall Street Journal by industry tracker IWSR.
The fall in alcohol volumes reflects "a growing trend toward mindful drinking or complete abstinence, particularly among the millennial cohort," says IWSR's U.S. head Brandy Rand. Wine grew by 0.4%, down from 1% the year before, while spirits climbed 1.9%, compared with 2.2% in 2017. IWSR's sales figures are based on products shipped.
In response to the slowdown, alcohol makers are trying to diversify. Molson Coors Brewing Co. has turned to kombucha, Budweiser brewer Anheuser-Busch InBev SA sells a spiked coconut water, and Smirnoff maker Diageo PLC wants teetotalers to start mixing cocktails with a pricey, alcohol-free gin alternative.
IWSR forecasts low- and no-alcohol products in the U.S. -- still a small slice of the market -- to grow 32.1% between 2018 and 2022, triple the category's growth over the past five years.
Molson Coors, grappling with weak sales of Coors Light, wants to build out a broad portfolio of "brewed beverages," Chief Executive Mark Hunter said in an interview. That means beer, tea and perhaps even coffee, he said. The company has invested in Boulder, Co.-based Bhakti Chai Tea Co. and bought a California-based maker of kombucha -- a fizzy, fermented tea.
"We're certainly not sitting on our hands," Mr. Hunter said.
Industry executives say drinkers are increasingly concerned about health and that younger generations socialize differently from their parents, drinking less.
"Twenty years ago we didn't have coffee shops open late, and pubs and bars open for coffee," said Ben Branson, chief executive of nonalcoholic distilled spirit maker Seedlip Ltd., which is part owned by Diageo. "People are favoring experiences over 'lets go drink on a night out.'"
Americans' consumption of ethanol, or pure alcohol, has declined sharply over the past couple of decades. Alcohol consumption stood at 8.65 liters per person in 2017 -- the most recent year for which data is available -- compared with 10.34 liters in 1980, according to research firm Bernstein.
Some in the industry worry that alcohol volumes could take a further hit as marijuana is increasingly legalized.
While booze makers are partly responding by pushing pricier tipples -- helping sales by value grow despite lower volumes -- they are also scrambling to offer a wider selection of drinks. Brewers, in particular, are under pressure as consumers abandon mainstream beer.
AB InBev last year created a new global position, head of nonalcoholic beverages, to lead its efforts to diversify. Nonalcoholic drinks -- including energy drinks and nonalcoholic beers -- already make up more than 10% of the Bud brewer's volumes. In 2017, it acquired Hiball Inc., a maker of organic energy drinks. AB InBev recently began selling Budweiser Prohibition brew -- a nonalcoholic version of its flagship beer -- in Columbus and Detroit. Nonalcoholic beer volumes in the U.S. are expected to climb 9.3% over the next five years, according to research firm Euromonitor.
The beer company also has stepped up its efforts to woo consumers defecting to wine and cocktails. Its craft-style breweries in Oregon, California and New York have served as incubators for new, boozy versions of coconut water, matcha tea and agua fresca, a Mexican fruit-juice drink.
The brewer plans to later this month launch a seltzer brand, Bon & Viv, which it will advertise alongside its beers at the Super Bowl.
"People are looking for something that tastes good but also allows them to live well," Chelsea Phillips, head of marketing for AB InBev's Beyond Beer division in the U.S., said in an interview.
Volumes of ready-to-drink alcoholic beverages jumped 6.1% last year, according to IWSR, driven by hard seltzers, which executives say appeal to consumers because of their low calories and sugar.
Distillers also are embracing the popularity of lower-alcohol drinks.
Late last year, Diageo launched a lower-alcohol, botanical version of Ketel One, which it said has 25% fewer calories than the regular vodka. Alcohol content is 30% compared with 40% in regular Ketel One.
Diageo Chief Executive Ivan Menezes said last year that adults opting for lower alcohol options was "an important trend over the next many years" and that the company was "putting a lot of focus behind it."
Diageo has been working to help expand Seedlip, in which it took a minority stake in 2016. The London-based brand, which can be drunk with tonic or used in cocktails, markets itself as solving the dilemma of "what to drink when you're not drinking."
Seedlip is available in 6,000 locations, including 500 in the U.S., where it recently opened its first office. The upscale brand sells three variants, which cost about $30 a bottle upward.
This spring, Seedlip plans to launch a new nonalcoholic brand called Æcorn Aperitifs, designed to be drunk before dinner. The liquid will be made from English grapes, herbs, roots and bitter botanicals, and is aimed at consumers who want a nonalcoholic option to drink with food.
Write to Saabira Chaudhuri at saabira.chaudhuri@wsj.com and Jennifer Maloney at jennifer.maloney@wsj.com
(END) Dow Jones Newswires
January 17, 2019 13:29 ET (18:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
$hellKing
9 years ago
Interesting news out today -- Age verification that could change the industry
Some big names mentioned in this lawsuit about age verification co about to sue some Big US and UK cos
The Hague Court: Dutch alcohol and tobacco ID campaign in violation of anti-trust legislation
12:35 ET from Teleconnect Inc
BREDA, The Netherlands, April 22, 2016 /PRNewswire/ -- Teleconnect Inc (OTCBB: TLCO) today announces that the Court in The Hague has ruled that the Dutch Food Retail Association (CBL) and Jumbo Supermarkets have violated anti-trust legislation by ruling out the very effective age validation system 'Ageviewers' at the sale of tobacco and alcohol.
Instrumental for the infringement was the industry wide responsible alcohol retailing code and an ID-campaign in the Netherlands, similar to the 'We Card Program' in the US. The Court in The Hague, sitting in full bench, established that both the code and the campaign have the object of impeding the implementation and proliferation of the Ageviewers system and therefore are declared void and nonexistent. CBL and Jumbo are the first parties that have been found jointly and severally liable for all damages inflicted to Ageviewers since 2008.
The ruling does not only affect CBL and Jumbo. Among the many parties involved in the ID program are Dutch market leader Ahold, currently merging with Delhaize and operating in the US with brands as Stop & Shop, Giant and Peapod; the Dutch Brewers Association; the Wine Industry; Bacardi-Martini and Diageo.
Reaction Teleconnect Inc - Ageviewers
We are very happy with this judgment. Our business has been severely affected by this cartel since 2008 and our financial claim will be substantial. In our view, the boycott exposes an extensive morality and compliance problem regarding the sale of alcohol and tobacco to minors. We are investigating the consequences of the judgment in the US, as the boycott completely derailed our plans to implement the Ageviewers system in the American market, where our company is listed and where we have our roots.
We are requesting all parties involved in the production and sale of tobacco and alcohol, in responsible retailing and prevention institutes, to endorse and support our further efforts to implement Ageviewers in the Dutch and US market.
http://www.prnewswire.com/news-releases/the-hague-court-dutch-alcohol-and-tobacco-id-campaign-in-violation-of-anti-trust-legislation-300256112.html?tc=eml_cleartime
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