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Andrew Peller Ltd
Symbol ADW
Shares Issued 35,334,145
Close 2025-01-28 C$ 4.11
Market Cap C$ 145,223,336
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Globe says Molson, others hear Ford's booze deal costly

2025-01-28 07:35 ET - In the News

See In the News (C-TPX) Molson Coors Canada Inc

The Globe and Mail reports in its Tuesday, Jan. 28, edition that Ontario Premier Doug Ford's plan to expand alcohol sales to corner stores will cost taxpayers $1.4-billion over six years, says the Financial Accountability Office. The Globe's Jeff Gray writes that this figure is much higher than the $225-million in potential payments to the Beer Store chain initially disclosed when the plan was announced last May. The new alcohol deal permitting early beer sales in corner stores fulfills a 2018 Progressive Conservative promise, but critics argue it may be a taxpayer-funded move toward a snap election. The government could have allowed beer in corner stores by waiting for the Beer Store's 10-year deal from 2015 to end this year, right before the next election in June, 2026. Liberal Leader Bonnie Crombie criticized the deal's cost, previously estimated by her party at $1-billion, citing the FAO's higher estimate of $1.9-billion and arguing the funds should have supported the struggling health care system instead of Mr. Ford's "American billionaire buddies who own 7-11 and Costco." NDP Leader Marit Stiles told reporters in Brampton that the alcohol deal shows Mr. Ford is a bad negotiator.

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