Molson Coors in talks with marijuana companies - Bloomberg
Jun. 22, 2018 2:32 PM ET|By: Stephen Alpher, SA News Editor
With pot legalization looming in Canada, and aiming for growth as beer sales decline, Molson Coors (TAP +1.9%) has been in talks with up to four Canadian cannabis companies, according to Bloomberg. The discussions, says the report, are "serious," with a deal maybe announced by year-end.
Among the companies with which TAP has talked with are Aphria (OTCQB:APHQF -4.4%) and Aurora Cannabis (OTCQX:ACBFF -3.4%).
Molson Coors wouldn't be the first alcohol-related company to enter the marijuana space, but - with a market cap near $15B - it would be the largest. Constellation Brands (STZ +0.2%) last year, purchased a 9.9% stake in Canopy Growth (CGC -6.7%) for $245M.
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