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Should Global Beer Company Molson Coors Enter the Cannabis Beverages Business?

Should Global Beer Company Molson Coors Enter the Cannabis Beverages Business?

FromCold Call


Should Global Beer Company Molson Coors Enter the Cannabis Beverages Business?

FromCold Call

ratings:
Length:
26 minutes
Released:
Oct 19, 2021
Format:
Podcast episode

Description

In early 2019, global beer company Molson Coors was exploring how to enter the cannabis beverages business. At the time, cannabis had not yet been legalized in Canada. Initially the company had planned to test a few products in a small geography in Canada to see if there might be a viable market opportunity. But the team charged with developing an entry strategy recommended a more aggressive move: pulling forward $65 million to build a facility in Canada to produce cannabis beverages and seize first-mover advantage. That sudden change in direction gave then-CEO Mark Hunter pause. Should he approve the request, or push the team back to the original, more conservative plan?
Released:
Oct 19, 2021
Format:
Podcast episode

Titles in the series (100)

Cold Call distills Harvard Business School's legendary case studies into podcast form. Hosted by Brian Kenny, the podcast airs every two weeks and features Harvard Business School faculty discussing cases they've written and the lessons they impart.