Corby is the producer of the best-selling Canadian whisky J P Wiser’s as well as Lamb’s Navy Rum, Polar Ice vodka, and Ungava gin. Its purchase of 90% of Ace Beverage Group for $148.5 million in July 2023 gave it a strong position in the rapidly growing ready-to-drink (RTD) segment of hard sodas and premixed cocktails. Pernod Ricard, the international drinks group, which owns a majority stake in Corby, distributes its brands such as Absolut vodka, Ballantine and Chivas Regal whisky, Beefeater gin, and Malibu rum through Corby.
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Despite being 20% below where it was recommended in 2016, Corby has grown its sales at a steady 2%-3% annually through the pandemic and its aftermath, and its RTD exposure and the Ontario liberalization offer it routes to growth. Buy now. - Gavin Graham
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CSW.A was first recommended here on April 21, 2016