Molson Coors To Launch Coca-Cola's Topo Chico Hard Seltzer In Canada During Summer Of 2022

Molson Coors Beverage Co TAP entered an exclusive agreement with Coca-Cola Co KO to manufacture, market, and distribute Topo Chico Hard Seltzer in Canada.
The product is scheduled to launch in the summer of 2022, with the Canadian debut taking place one year after the launch of Topo Chico Hard Seltzer in the U.S.
Topo Chico Hard Seltzer represents the third hard seltzer brand in the Molson Coors portfolio currently available in Canada.
The hard seltzer will be developed in four flavors: Tangy Lemon Lime, Exotic Pineapple, Strawberry Guava, and Tropical Mango.
In May 2021, Molson Coors announced a $100 million investment in Canadian operations to quadruple in-house production capacity for hard seltzers.
Price Action: TAP shares are trading higher by 1.33% at $46.45 on the last check Tuesday.