Molson Coors beat fourth-quarter sales and profit estimates on Thursday, helped by recovering demand for its beer brands including Coors Light and Miller Lite in the Americas.

Molson Coors will assume exclusive commercialization rights to the company's Fever-Tree lineup of tonics, ginger beers and mixers in the U.S. and will be responsible for production, marketing, sales and distribution of the brand in the U.S.

Shares of Molson Coors Beverage gained ground, rising 5.1% to $56.18, after the beer maker turned in a strong quarter. For its fourth quarter, the company reported adjusted earnings of $1.30 a share,