STOCK TITAN

Molson Coors Donates 200,000 Cans Of Water To The Red Cross For Communities Hardest Hit By Hurricane Laura

Molson Coors Beverage Company (NYSE: TAP) is donating 200,000 cans of water to the American Red Cross to assist communities in Louisiana and Texas affected by Hurricane Laura.

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Tags

Rhea-AI Summary

Molson Coors Beverage Company (NYSE: TAP) is donating 200,000 cans of water to the American Red Cross to assist communities in Louisiana and Texas affected by Hurricane Laura. The water is sourced from the Shenandoah brewery in Virginia and aims to support recovery efforts for first responders and residents. Since launching its water donation program in 2017, Molson Coors has committed to providing over 2 million cans to disaster-stricken areas.

Loading...
Loading translation...

Positive

  • Donation of 200,000 cans of water shows commitment to community support.
  • Established water donation program since 2017, increasing brand goodwill.
  • Partnership with American Red Cross enhances corporate social responsibility.

Negative

  • None.
Argus Session date unavailable
+0.19% session move Open Argus
Details

News Market Reaction – TAP

The recorded move for TAP in the trading session of this news was +0.19%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

CHICAGO, Aug. 27, 2020 /PRNewswire/ -- Molson Coors Beverage Company (NYSE: TAP; TSX: TPX) is donating 200,000 cans of water to the American Red Cross to help support recovery efforts in communities along the Louisiana and Texas coasts that were hardest hit by Hurricane Laura.

"In times of distress and crisis, Molson Coors believes that access to safe drinking water is critical," said Michael Nordman, Senior Manager of Community Affairs for Molson Coors. "We are mobilizing quickly to ensure that water is available to first responders and residents as they deal with the aftermath of this terrible storm."

The water cans will be shipped from the Molson Coors Shenandoah brewery in Elkton, Va., to locations identified as most in need by the Red Cross.

Molson Coors launched its water donation program in 2017 in partnership with Broomfield, Colo.-based Ball Corporation, which together have committed to providing more than 2 million cans of water to the Red Cross to help communities affected by disasters. The water is canned at the Molson Coors brewery in Trenton, Ohio, and stored in its Shenandoah brewery. Graphic Packaging International donated the 12-pack cartons in which the cans are packaged.

About Molson Coors

For over two centuries Molson Coors has been brewing beverages that unite people for all of life's moments. From Coors Light, Miller Lite, Molson Canadian, Carling, and Staropramen to Coors Banquet, Blue Moon Belgian White, Blue Moon LightSky, Vizzy, Leinenkugel's Summer Shandy, Creemore Springs and more, Molson Coors produces some of the most beloved and iconic beer brands ever made. While the company's history is rooted in beer, Molson Coors offers a modern portfolio that expands beyond the beer aisle as well.

The company's commitment to raising industry standards and leaving a positive imprint on our employees, consumers, communities and the environment is reflected in Our Imprint and our 2025 sustainability targets. To learn more about Molson Coors Beverage Company, visit molsoncoors.com, MolsonCoorsOurImprint.com or on Twitter through @MolsonCoors

 

Cision View original content:http://www.prnewswire.com/news-releases/molson-coors-donates-200-000-cans-of-water-to-the-red-cross-for-communities-hardest-hit-by-hurricane-laura-301119878.html

SOURCE Molson Coors

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many cans of water did Molson Coors donate to the Red Cross?

Molson Coors donated 200,000 cans of water.

What is the purpose of Molson Coors' water donation?

The donation supports recovery efforts for communities affected by Hurricane Laura.

Where is the water for the donation sourced from?

The water is sourced from the Shenandoah brewery in Virginia.

When was the water donation program launched by Molson Coors?

The water donation program was launched in 2017.

Who is receiving the donation from Molson Coors?

The donation is made to the American Red Cross.

Keep reading