Cheers To Expansion! Molson Coors Doubles Down On 'The Rock' Dwayne Johnson Co-Founded ZOA Energy
Portfolio Pulse from Shivani Kumaresan
Molson Coors Beverage Company (NYSE:TAP) has expanded its partnership with ZOA Energy, an energy drink brand co-founded by Dwayne 'The Rock' Johnson. The financial details were not disclosed. With this investment, ZOA will enhance its media and marketing to drive sales and expand distribution to international markets. Molson Coors will continue to be ZOA's exclusive distribution partner and will have a presence on its board. ZOA reported over $100 million in sales in 2022 and 138% YoY growth. Molson Coors' shares are trading higher by 2.04% at $64.94.
September 11, 2023 | 2:56 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Molson Coors has expanded its partnership with ZOA Energy, which could potentially boost its sales and distribution. The company's shares are trading higher.
The expansion of the partnership with ZOA Energy could potentially increase Molson Coors' sales and distribution, which is likely to have a positive impact on its stock price. The company's shares are already trading higher, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100