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Molson Coors Canada Inc
Symbol TPX
Shares Issued 11,104,565
Close 2022-01-25 C$ 63.40
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Molson Coors to develop alcohol drink with Coca-Cola

2022-01-25 13:14 ET - News Release

Mr. Dan White reports

MOLSON COORS ENTERS EXCLUSIVE AGREEMENT WITH THE COCA-COLA COMPANY TO LAUNCH NEW BRAND INSPIRED BY SIMPLY JUICES IN THE ALCOHOL AISLE

Molson Coors Canada Inc. has expanded its exclusive agreement with The Coca-Cola Company to develop and commercialize a brand of full-flavour alcohol beverages inspired by the country's No. 1 chilled juice brand, Simply. The deal marks another milestone in the relationship between Molson Coors and The Coca-Cola Company, following a successful first year for Topo Chico hard seltzer.

"Over the past two years, we've seen success by shaking up existing categories with new brands that have clear, compelling points of difference, like Coca-Cola's Topo Chico hard seltzer, Vizzy hard seltzer and ZOA energy drink," said Michelle St. Jacques, Molson Coors's chief marketing officer. "Now, we have a huge opportunity to leverage the power of Simply, a brand known for real juice and big flavour, to disrupt the full-flavour alcohol segment in a way that's never been done before."

This summer, Molson Coors will start by launching the Simply Spiked Lemonade variety pack, inspired by some of Simply's best-selling non-alcoholic products, including strawberry lemonade, watermelon lemonade, blueberry lemonade and, of course, signature lemonade.

As The Coca-Cola Company's second-largest United States brand in terms of net revenue after Coca-Cola, Simply is a $1-billion-plus and growing brand. Simply can be found in one of every two American households and is famous for its high-quality juices. The bold, great-tasting flavours of the Simply brand mix seamlessly with alcohol for cocktails, which inspired the ready-to-drink lineup.

"The Coca-Cola Company and Molson Coors have a thriving relationship in North America. The proof is in the success of Topo Chico hard seltzer's national expansion and the introduction of Topo Chico Ranch Water hard seltzer," said Dan White, chief of new revenue streams for the Coca-Cola North America operating unit. "With this momentum, we are excited to expand our relationship with products inspired by another one of our most valuable brands: Simply. We believe people will be excited to try this delicious beverage when it arrives on shelves later this year."

Simply Spiked Lemonade will be sold in slim-can 12 packs as a variety pack and 24-ounce stand-alone cans of select flavours.

Simply Spiked Lemonade and the national expansion of Topo Chico hard seltzer mark the latest initiatives to aggressively grow Molson Coors's above-premium portfolio as part of the company's revitalization plan.

Molson Coors Beverage Company will produce, distribute and market Simply Spiked Lemonade as part of an agreement with The Coca-Cola Company.

About Molson Coors Canada Inc.

For over two centuries, Molson Coors has been brewing beverages that unite people for all of life's moments. From Coors Light, Miller Lite, Molson Canadian, Carling and Staropramen to Coors Banquet, Blue Moon Belgian White, Leinenkugel's Summer Shandy, Creemore Springs and more, Molson Coors produces some of the most beloved and iconic beer brands ever made. While the company's history is rooted in beer, Molson Coors offers a modern portfolio that expands beyond the beer aisle with sparkling cocktails, canned wine, kombucha, cider and more.

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