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Molson Coors, Coca-Cola Plan New Line Of Spirit-Based, Ready-To-Drink Cocktails

  • Molson Coors Beverage Co (NYSE: TAP) has expanded its exclusive agreement with The Coca-Cola Company (NYSE: KO) to develop and commercialize Topo Chico Spirited.

  • Topo Chico is a line of spirit-based, ready-to-drink cocktails inspired by tequila and vodka-based beverages.

  • The deal follows the recent launch of Simply Spiked Lemonade by both parties.

  • Topo Chico Spirited will be launched in more than 20 markets across the U.S. in 2023.

  • It will be made with 100% real spirits, including premium tequila from Jalisco, Mexico.

  • "We believe Topo Chico Spirited will shake up the canned cocktail space with unparalleled flavors and a legacy rooted in the iconic 125-year-old master-brand," said David Coors, Molson Coors' VP of next generation beverages.

  • Price Action: TAP shares are trading lower by 0.10% at $48.27 on the last check Thursday.

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