Anheuser-Busch released a statement last week in response to the backlash that the company faced earlier this year when one of its brands, Bud Light, partnered with transgender "influencer" Dylan Mulvaney.
The ill-fated collaboration with transgender-identified activist Dylan Mulvaney in a March Madness campaign has resulted in a substantial decline in Bud Light sales and a considerable drop in the company's stock price.