While Molson Coors foundation is rooted in nearly 250 years of brewing great beers, the global beverage maker has signaled that it will seek out the significant growth opportunities beyond the beer aisle as well – whether it's with CBD and cannabis products, non-alcohol beverages, wines or spirits. In addition to the products created in partnership with L.A. Libations, Molson Coors has also developed non-alcoholic, cannabis-infused beverages for Canadian and Colorado markets through its joint ventures with the HEXO Corp.

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.

Founded by three best friends and beverage executives in 2009, L.A. Libations is a next generation beverage creator, incubator and accelerator. L.A. Libations has forged industry successes enjoying investment events and prized brand exits with some of the biggest beverage companies and retailers in the world such as The Coca-Cola Company, Kuerig Dr Pepper, Amazon and 7-11. As the Emerging Beverage Category Captain and a trusted advisor to many of the country's largest retailers, L.A. Libations drives innovation in "better for you" beverage categories. L.A. Libations has provided services for established brands, such as Zico Coconut Water, Core Water and Body Armor; partnered with emerging brands like Space Shake, Limitless and Lucky Jack; and created brands such as Don't Quit, Gloe Brands, and Arriba Chelada. In 2019 Molson Coors Beverage Company took a minority stake in L.A. Libations. To learn more about L.A. Libations, visit www.lalibations.com or on Instagram through @lalibations.

This press release includes "forward-looking statements" within the meaning of the U.S. federal securities laws. Generally, the words "believe," "aims," "expect," "intend," "anticipate," "project," "will," "outlook," "desire," and similar expressions identify forward-looking statements, which generally are not historic in nature. Statements that refer to projections of our future financial performance, our anticipated results, cost savings and trends in our businesses, and other characterizations of future events or circumstances are forward-looking statements, and include, but are not limited to, expectations regarding the consumer preferences, our beyond beer ambitions, industry forces, and anticipated results. Although Molson Coors believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from Molson Coors' historical experience, and present projections and expectations are disclosed in Molson Coors' filings with the Securities and Exchange Commission ("SEC"). These factors include, among others, the impact of the coronavirus pandemic, the impact of increased competition resulting from further consolidation of brewers, competitive pricing and product pressures; health of the beer industry and our brands in our markets; economic conditions in our markets; availability or increase in the cost of packaging materials; success of our joint ventures; risks relating to operations in developing and emerging markets; changes in legal and regulatory requirements; our ability to implement our strategic initiatives; our ability to maintain brand image, reputation and product quality; and other risks discussed in our filings with the SEC, including our most recent Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We do not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise.