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MOLSON COORS BEVERAGE COMPANY

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Molson Coors Beverage : Tenth & Blake Adds Partnerships with Two More Universities on Brewing Education Initiatives

06/14/2021 | 11:40pm EDT

CHICAGO - Tenth & Blake, the U.S. craft division of Molson Coors Brewing Company, announced today partnerships with the University of Wisconsin-Madison and Texas A&M University to provide awards and scholarships at those schools for minority students pursuing a career in the fermentation and brewing sciences.

UW-Madison is partnered with the Jacob Leinenkugel Brewing Company, while Texas A&M University is partnered with Revolver Brewing. These are in addition to the previously announced scholarship partnerships between universities and nearby Tenth & Blake breweries, which include Middle Tennessee State University (Terrapin Beer Company), Oregon State University (Hop Valley Brewing Company) and Colorado State University (AC Golden).

'Craft beer is an incredibly dynamic and rewarding industry to work in, but the unfortunate reality is it's severely lacking diverse voices,' said Paul Verdu, head of Tenth & Blake. 'Ideally these scholarship programs will knock down barriers and provide opportunities for minority students to work in the industry, ultimately creating a more inclusive environment.'

Molson Coors Beverage Company is donating $50,000 to endow the awards and scholarships at each UW-Madison and Texas A&M University. They are open to students who identify as Latino, Black/African American, American Indian, Asian, Pacific Islander, and/or LGBTQ+. They must want to pursue a career in fermentation and brewing sciences after completing their degrees.

The recipients also will have opportunities to put their knowledge to the test through interviewing and potentially completing a paid summer internship at the nearby breweries.

Funding for the scholarship program is made possible through the Molson Coors social justice initiative-an effort that directs funds to organizations focused on social justice, community building, equality and empowerment.

Disclaimer

Molson Coors Beverage Company published this content on 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 03:39:02 UTC.


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Financials (USD)
Sales 2021 10 177 M - -
Net income 2021 874 M - -
Net Debt 2021 6 752 M - -
P/E ratio 2021 12,6x
Yield 2021 1,80%
Capitalization 10 816 M 10 816 M -
EV / Sales 2021 1,73x
EV / Sales 2022 1,60x
Nbr of Employees 17 000
Free-Float 79,7%
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Mean consensus HOLD
Number of Analysts 23
Last Close Price 49,70 $
Average target price 57,46 $
Spread / Average Target 15,6%
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Managers and Directors
Gavin D. K. Hattersley President, Chief Executive Officer & Director
Tracey I. Joubert Chief Financial Officer
Andrew Thomas Molson Chairman
H. Sanford Riley Independent Director
Charles M. Herington Independent Director
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