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Dear Client: Early Saturday morning, as the sun barely breached the horizon over the Potomac, giving the waters the sheen of rippling copper plate (too much?), the Senate passed a continuing resolution 90-6 that funds the government through Dec. 11. Who cares, right? Well, perhaps more germaine to our industry, the CR keeps most hemp-derived THC beverages out of the Controlled Substances Act for an extra 29 days, giving hemp bevs a month of reprieve from a ban to get
MC Q2 Americas Trends Weaken; Outlook Unchanged
Dear Client: Molson Coors took a step back in the second quarter after improving in Q1, though the company reaffirmed its full-year outlook and said it is making early progress on its Horizon 2030 strategy. AMERICAS DEPLETIONS DOWN 5.3%, SHIPMENTS DOWN 6.4%. In the Americas, depletions declined 5.3% in Q2, a step down from the 3% decline posted in Q1. And shipments fell 6.4%, also deteriorating from Q1’s 2.7% decline, with the company saying that was “primarily due to lower
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