13:10:20 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Molson Coors Canada Inc
Symbol TPX
Shares Issued 9,362,866
Close 2023-12-08 C$ 83.06
Market Cap C$ 777,679,650
Recent Sedar Documents

Globe says Molson hears beer coming to corner stores

2023-12-11 08:06 ET - In the News

The Globe and Mail reports in its Saturday, Dec. 9, edition that the Ontario government is set to announce it is fulfilling its five-year-old promise to allow the sale of beer in corner stores and end the quasi-monopoly of the province's big-brewer-owned Beer Store retail chain. The Globe's Jeff Gray writes that an unnamed source says late next week, Premier Doug Ford's government will unveil a plan to expand the places where alcohol is sold, including allowing beer in corner stores. The province will also formally announce its intention for the future of its deal with the Beer Store, known as the "master framework agreement," signed by the previous Liberal government in 2015. The deal allowed for the limited sale of beer in 450 grocery stores, but maintained the Beer Store's exclusive right to sell packs of 12 and 24 beers. The source says the new plan will allow for the privately owned Beer Store to remain involved in the distribution of beer, as it is now for restaurants, bars and grocery stores, as well as for its own retail locations. The source did not provide a timeline for when the changes would take effect. The government is keeping its monopoly Liquor Control Board of Ontario intact.

© 2024 Canjex Publishing Ltd. All rights reserved.