16:51:53 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
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Globe says Molson hears Ontario making the right moves

2023-12-11 08:27 ET - In the News

The Globe and Mail reports in its Monday, Dec. 11, edition that Ontario Premier Doug Ford aims to end the Beer Store oligopoly. A Globe editorial notes that beer sales in Ontario are dominated by foreign-owned Molson Coors Beverage and Anheuser-Busch InBev. The Globe reported last week that convenience stores will be granted the right to sell beer. Earlier tweaks have allowed grocery stores to sell six-packs of beer, but sales of 12- and 24-packs are largely limited to the Beer Store. Within weeks, the province will need to give notice to Brewers Retail Inc. (the corporate name of the Beer Store chain) if it wants to cancel a 2015 master framework agreement, ending sales restrictions and opening the door for liberalizing beer sales in 2026. The province will need to decide how to deal with bottle and can returns. More important is the role that the big breweries will play as distributors in any liberalized system, particularly since Brewers Retail has the right to continue its retail operations for seven years after the agreement with the province is terminated. A failure to ensure transparent and fair pricing for smaller vendors could strangle retail competition. The Globe welcomes the proposed changes.

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