Latest news with #TAP
Yahoo
a day ago
- Business
- Yahoo
Molson Coors Earnings to be Weighed Down Amid US Beer Industry Slump, BofA Says in Downgrade
Molson Coors Beverage's (TAP) 2025 and 2026 earnings are likely to take a hit amid declining beer co
Edmonton Journal
3 days ago
- Business
- Edmonton Journal
Alberta commits $2.8 million to small- and medium-sized businesses
Article content The program is designed for companies that participated in TAP, with trade support for businesses entering more complex markets. TAP has led to success stories Through TAP, several companies like Rok Water, Knead Techonologies and Zeno Renewables began as small businesses in Alberta. Several companies have grown to international regard in business markets around the world. One of the many success stories and an alum of the program, NatureMary, originally started their operations as a small business in Alberta. President and co-founder of NatureMary, Kapil Kalra, said TAP played a critical role in the company's growth. 'Calgary Economic Development and the Government of Alberta have been pivotal in accelerating NatureMary's growth, innovation and global reach,' Kalra said. 'Their support empowers us to thrive, create jobs, and elevate pain relief and wellness from Alberta to the world.' TAP supports business across Alberta through province-wide delivery. Past sessions have been hosted in Calgary, Edmonton, Red Deer, Grande Prairie, Canmore, Lethbridge and Medicine Hat. Any Alberta-based company and business can attend upcoming sessions in any region. Upcoming TAP cohorts are planned to take place in Calgary from Sept. 9 to Oct. 22, Red Deer on Oct. 15 to Nov. 20, and Edmonton on Nov. 4 to Dec. 10.
Calgary Herald
3 days ago
- Business
- Calgary Herald
Alberta commits $2.8 million to small- and medium-sized businesses
A $2.8-million investment in the Trade Accelerator Program aims to help Alberta-made companies and businesses expand their reach to markets around the world. Article content In an announcement on Wednesday, the Minister of Jobs, Economy, Trade, and Immigration Joseph Schow announced the province's commitment to help Alberta's small- and medium-sized businesses and companies expand their reach into international markets. Article content Article content Article content TAP was established nationally in 2017, with Calgary Economic Development administering the program within Alberta in 2018. Article content Article content Over the last seven years, 550 Alberta-based businesses were provided with knowledge, mentorship and resources to help their ventures grow and reach international markets. Article content 'This means bigger revenues, and more jobs for Albertans across the province,' Schow said. 'And of course, we get to showcase Alberta's economic success to the rest of the world.' Article content Schow said the province values small businesses and wants to see them succeed beyond Alberta's borders. Article content 'Our government is fulfilling a gap to fund the Trade Accelerator Program by providing Calgary Economic Development with $2.8 million,' he said. Article content The investment will continue to support TAP for the next five years. Over this period, the program is expected to assist 650 more companies, while expanding services and resources for businesses looking to grow. Article content Article content 'Increasing trade is a priority for our government, which is why we are helping small- and medium-sized businesses grow,' Schow said. 'More than ever, we need to diversify our global trade and give businesses the tools they need to succeed.' Article content In return, Schow said Alberta will see more jobs, investments, and a stronger economy through programs like TAP. Article content 'Those are businesses that supply families with good, mortgage-paying, grocery-buying, sport fee-paying jobs,' Schow said. 'Those are supporting families right here in Calgary, right here in Alberta.' Article content By doing their part to empower small businesses, Schow said the province sees great things happening from their success. Article content President and CEO of Calgary Economic Development, Brad Parry, said this is an important step forward in helping local Alberta and Calgary businesses grow, scale and compete on a national and global scale.
Yahoo
3 days ago
- Business
- Yahoo
Piper Sandler Lowers PT on Molson Coors Beverage Company (TAP) to $53, Keeps a Neutral Rating
Molson Coors Beverage Company (NYSE:TAP) is one of the . On June 23, Piper Sandler lowered the firm's price target on Molson Coors Beverage Company (NYSE:TAP) to $53 from $58, keeping a Neutral rating on the shares. The analyst told investors in a research note that Molson Coors Beverage Company (NYSE:TAP) is exhibiting a continually slowing retail momentum. Q2-to-date US retail volumes dropped around 5%, with the company lapping elevated shipments from a year ago. A wide-angled shot of a brewery showing the large machinery used for producing malt beverages. In addition, aluminum prices are resulting in cost pressure behind increased Midwest Premium rates. The firm also noted that these circumstances are materializing at a time when the US beer category is experiencing pressure from societal shifts and macroeconomic factors. Molson Coors Beverage Company (NYSE:TAP) produces and sells beer. The company operates through the Americas, EMEA, and APAC geographical segments. While we acknowledge the potential of TAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
3 days ago
- Business
- Yahoo
Piper Sandler Lowers PT on Molson Coors Beverage Company (TAP) to $53, Keeps a Neutral Rating
Molson Coors Beverage Company (NYSE:TAP) is one of the . On June 23, Piper Sandler lowered the firm's price target on Molson Coors Beverage Company (NYSE:TAP) to $53 from $58, keeping a Neutral rating on the shares. The analyst told investors in a research note that Molson Coors Beverage Company (NYSE:TAP) is exhibiting a continually slowing retail momentum. Q2-to-date US retail volumes dropped around 5%, with the company lapping elevated shipments from a year ago. A wide-angled shot of a brewery showing the large machinery used for producing malt beverages. In addition, aluminum prices are resulting in cost pressure behind increased Midwest Premium rates. The firm also noted that these circumstances are materializing at a time when the US beer category is experiencing pressure from societal shifts and macroeconomic factors. Molson Coors Beverage Company (NYSE:TAP) produces and sells beer. The company operates through the Americas, EMEA, and APAC geographical segments. While we acknowledge the potential of TAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
