Updating our Income stocks: Molson Coors, Andrew Peller & Great-West LifeCo

Article Excerpt

MOLSON COORS CANADA INC. $82 (www.molsoncoors.com) is still a hold. The beer brewer recently completed the sale of its 57.5% stake in Truss, which makes and sells non-alcoholic, cannabis-infused beverages in Canada, to its partner in the venture, Tilray Brands Inc. (Toronto symbol TLRY). The sale will let Molson better focus on its more-profitable products. Even so, rising costs for labour and transportation will probably squeeze its profit margins. Molson Coors is a hold. ANDREW PELLER LTD. $4.41 (www.andrewpeller.com) is still a buy for long-term gains. Canada’s second-largest wine producer, after Arterra Wines, stands to gain from several changes to way wines are sold in Ontario. Those include eliminating the 6.1% tax on wine sales at wineries. The province will also let more retail stores sell beer, wine, cider and coolers starting in 2026. Meantime, the $0.246 dividend look safe and yields a high 5.6%. Andrew Peller is still a buy. GREAT-WEST LIFECO INC. $45 (www.greatwestlifeco.com) is a hold. The insurer has completed the sale of its U.S.-based Putnam Investments mutual fund business…