Beermaker says the pending acquisition of MillerCoors from Anheuser-Busch InBev and flat sales were factors in the decline.
Federal agency says mergers won’t lessen or prevent competition in the Canadian beer market.
The beer giant’s revenue in Canada drops to 15%, from 24% once the massive acquisition is completed; US takes top spot.
Agreement is tied to the $107-billion takeover of SABMiller by Anheuser-Busch InBev.
The $350 million deal includes Okanagan Cider, craft brewery in BC.
Deal in principle would create world’s biggest beer company.
Combined company would be the largest brewer in the world by a large margin.