at the end of the second quarter and into the third quarter of 2020 , there was a phased reopening of a significant number of on-premise accounts in certain of our markets , but with restrictions and in the fourth quarter some of these re-openings were reversed and businesses were shut down again . sales to restaurants and bars have not returned to pre-pandemic levels and in many instances , the reopened on-premise accounts have been impacted by further restrictions or further shut downs imposed as a result of the increased spread of the coronavirus . in addition , sporting events , festivals and other large public gatherings where our products are served have been canceled throughout north america and europe . sales to on-premise customers tend to be higher margin than sales to off-premise ( retail outlets ) customers . 39 additionally , these and other governmental or societal impositions of restrictions on public gatherings , especially if prolonged in nature , whether government or self-imposed , will have adverse effects on on-premise traffic and , in turn , our business . we experienced a significant adverse volume impact in 2020 resulting from the initial closure of , and subsequent continued impacts to , the on-premise channel . as perspective , we estimate that approximately 23 % of our 2019 consolidated net sales resulted from on-premise consumption , with approximately 17 % of our north america net sales and approximately 50-55 % of our europe net sales each coming from this important part of the industry , and in many of our markets the on-premise business had been reduced to zero for much of the second quarter of 2020. see further discussion in part i. item 1. business regarding the historical percentage of volume and net sales represented in the on-premise within our north america and europe segments and resulting implications to expected profitability as a result of the effective closures of the on-premise in the markets in which we operate . while we began to see some of the on-premise return mid-year in many of our markets , with the exception of the u.k. , which did not reopen until early july , business and consumer behavior in the channel has been slow and remains uncertain . subsequently , in the fourth quarter of 2020 , the second pandemic wave triggered new lockdowns with different levels of restrictions in europe and canada depending on the market . therefore , as a result of this uncertainty , we currently continue to expect a significant adverse impact to both net sales and profit performance for fiscal 2021 and , possibly beyond . in addition , where we have seen shifts in demand to the off-premise , and shifts into certain package types , which has strained our supply chain and package availability , particularly with aluminum can demand and other packaging materials , requiring that we strategically prioritize certain brands and package types . our supply chain continues to work diligently to ensure sufficient supply of these high demand brand and packages as we adjust to these changing consumer dynamics . further , during 2020 , we recorded charges of $ 15.5 million within cost of goods sold related to temporary `` thank you `` pay for certain essential north america brewery employees . additionally , in order to support the challenges facing our on-premise customers and retailers , and our overall commitment to quality , during the first quarter of 2020 , we initiated voluntary temporary keg relief programs in many of our markets providing customers with reimbursements for untapped kegs that met certain established return requirements . as a result , our results for 2020 further include aggregate charges of $ 42.4 million , inclusive of a reduction to net sales of $ 30.3 million for reimbursements through these keg relief programs , as well as charges of $ 12.1 million within cost of goods sold related to obsolete finished goods keg inventories that were unable to be sold within our freshness specifications as a result of the ongoing on-premise impacts , as well as the costs to facilitate the above mentioned keg returns . these keg return and inventory obsolescence charges were primarily recognized during the first quarter of 2020. see part ii—item 8 financial statements and supplementary data , note 1 , `` basis of presentation and summary of significant accounting policies `` for additional details . as a result of the ongoing impacts of the pandemic , we have continued to take various mitigating actions to offset some of the implications to our employees and communities , as well as the challenges to performance , while also ensuring liquidity and deleverage remain key priorities as further discussed within `` liquidity and capital resources `` below . in addition to actions already taken , additional actions may be necessary . such potential actions include , but are not limited to , drawing on our revolving line of credit facility , issuing additional commercial paper under our u.s. commercial paper program , issuing commercial paper under the covid corporate financing facility in the u.k. ( see part ii—item 8 financial statements and supplementary data , note 11 , `` debt `` for further discussion of the facilities and our remaining capacity ) , further accessing the capital markets , reducing discretionary spending including marketing , general and administrative as well as capital expenditures , asset monetization and taking advantage of certain governmental programs such as furloughs in the u.k. and government relief and payment deferral programs , for example by the u.s. coronavirus aid , relief , and economic security act ( the “ cares act ” ) , and other such government-sponsored legislation and programs . story_separator_special_tag these charges were primarily recognized during the first quarter of 2020 , with adjustments recognized in subsequent quarters in 2020. we also recognized charges to cost of goods sold of $ 15.5 million related to temporary `` thank you `` pay for certain essential north america brewery employees . in the third quarter of 2020 , we formed a joint venture equally owned by mcbc and dgy west holdings , lp that was formed to expand commercialization of yuengling 's brands with operation currently expected to commence in the second half of 2021. tyc will oversee any new market expansion in the u.s. outside yuengling 's current 22-state footprint and new england . we expect that tyc will expand in a methodical pace following disciplined and steady growth . as part of our revitalization plan announced during the fourth quarter of 2019 , we initiated restructuring activities and continue to incur severance and other employee-related costs as special items . following management approval in december 2019 , in january 2020 , we announced plans to cease production at our irwindale , california brewery and entered into an option agreement with pabst brewing company , llc ( `` pabst `` ) , granting pabst an option to purchase our irwindale , california brewery , including plant equipment and machinery and the underlying land for $ 150 million , subject to adjustment as further specified in the option agreement . pursuant to the option agreement , on may 4 , 2020 , pabst exercised its option to purchase the irwindale brewery and the purchase was completed in the fourth quarter of 2020. production at the irwindale brewery ceased during the third quarter of 2020. we recorded special charges related to the planned irwindale brewery closure as further discussed in part ii—item 8 financial statements and supplementary data , note 7 , `` special items . `` the volatility of aluminum , inclusive of midwest premium and tariffs , continued to significantly impact our results during 2020. to the extent these prices continue to fluctuate , our business and financial results could be materially adversely impacted . we continue to monitor these risks and rely on our risk management hedging program to help mitigate price risk exposure for commodities including aluminum and fuel . we identified a triggering event requiring an interim impairment assessment of the goodwill within our historical canada reporting unit at the end of the third quarter of 2019 , as a result , in part , of prolonged weakening of the canadian beer industry negatively impacting the performance of the canada business through the third quarter of 2019 and the expected future cash flows of the canada reporting unit . the interim goodwill impairment analysis resulted in a goodwill impairment loss recognized within our historical canada reporting unit of $ 668.3 million , which was recorded as a special item . see part ii—item 8 financial statements and supplementary data , note 10 , `` goodwill and intangible assets `` for additional information . in further efforts to help optimize the north america brewery network , in the third quarter of 2017 , we announced a plan to build a more efficient and flexible brewery in longueuil , quebec . during the second quarter of 2019 , we completed the sale of our montreal brewery for $ 96.2 million , resulting in a $ 61.3 million gain , which was recorded as a special item . in conjunction with the sale , we agreed to lease back the existing property to continue operations on an uninterrupted basis until the new brewery is operational , which we currently expect to occur in 2021. however , due to the uncertainty inherent in our estimates , and the impacts of the coronavirus pandemic potentially delaying construction of the new brewery , the timing of the brewery closure is subject to change . we will continue to incur significant capital expenditures associated with the construction of the new brewery in longueuil , quebec , through its estimated completion in late 2021. in june 2019 , the ontario government in canada adopted a bill that , if enacted , would terminate a 10-year master framework agreement that was originally signed between the previous government administration and molson canada 2005 , a wholly owned indirect subsidiary of the company , labatt brewing company limited , sleeman breweries ltd. , and brewers retail inc. in 2015 and governs the terms of the beer distribution and retail systems in ontario through 2025. the government has not yet proclaimed the bill as law . the impacts of these potential legislative changes are unknown at this time , but could have a negative impact on the results of operations , cash flows and financial position of the north america segment . while discussions remain ongoing with the government to reach a mutually agreeable alternative to the enactment of the law , it is unclear how the coronavirus pandemic will impact these discussions . molson canada 2005 and the other master framework agreement signatories are prepared to vigorously defend their rights and pursue legal recourse , should the master framework agreement be unilaterally terminated by the enactment of the legislation . for additional information , see part ii—item 8 financial statements and supplementary data , note 18 , `` commitments and contingencies . `` in june 2019 , health canada released final regulations resulting in the legalization of new classes of cannabis products including edibles and cannabis infused beverages on october 17 , 2019 , with product sales being permitted sixty days after submission of the beverage formulations to health canada and satisfaction of all other licensing and regulatory preconditions . 45 truss , our joint venture with hexo in canada , began rolling out its range of thc and cbd infused beverages across the canadian market during the third quarter of 2020. separately , in april 2020 , we completed the formation of a new joint venture with hexo

cash flows from investing activities net cash used in investing activities of $ 413.6 million in 2020 decreased by $ 19.7 million compared to 2019. this decrease was primarily driven by higher proceeds from the sale of breweries ( approximately $ 150 million from the sale of the irwindale brewery completed in the fourth quarter of 2020 compared with the receipt of $ 94.2 million of net proceeds from the sale of our montreal brewery during the second quarter of 2019 ) and lower capital expenditures , partially offset by the lower cash inflows from other investing activities including proceeds received from the voluntary settlement of our cross currency swaps during the second quarter of 2019 . 52 cash flows from financing activities net cash used in financing activities of approximately $ 1.1 billion in 2020 decreased by $ 936.6 million compared to 2019. this decrease was primarily driven by lower net repayments on debt and borrowings and lower dividends paid resulting from the suspension of dividend payments in the second quarter of 2020 , partially offset by higher net cash outflows from other financing activities . see part ii—item 8 financial statements and supplementary data , note 11 , `` debt '' for a summary of our financing activities and debt position as of december 31 , 2020 and december 31 , 2019. capital resources cash and cash equivalents as of december 31 , 2020 , we had total cash and cash equivalents of $ 770.1 million compared to $ 523.4 million as of december 31 , 2019. the increase in cash and cash equivalents as of december 31 , 2020 from december 31 , 2019 was primarily driven by cash generated from operating activities , including the above-mentioned deferral of tax payments from various government-sponsored payment deferral programs and the proceeds from the sale of the irwindale brewery , partially offset by the repayment of debt , capital expenditures and dividend payments . see part ii—item 8 financial statements and supplementary data , consolidated statements of cash flows for additional detail .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows from investing activities net cash used in investing activities of $ 413.6 million in 2020 decreased by $ 19.7 million compared to 2019. this decrease was primarily driven by higher proceeds from the sale of breweries ( approximately $ 150 million from the sale of the irwindale brewery completed in the fourth quarter of 2020 compared with the receipt of $ 94.2 million of net proceeds from the sale of our montreal brewery during the second quarter of 2019 ) and lower capital expenditures , partially offset by the lower cash inflows from other investing activities including proceeds received from the voluntary settlement of our cross currency swaps during the second quarter of 2019 . 52 cash flows from financing activities net cash used in financing activities of approximately $ 1.1 billion in 2020 decreased by $ 936.6 million compared to 2019. this decrease was primarily driven by lower net repayments on debt and borrowings and lower dividends paid resulting from the suspension of dividend payments in the second quarter of 2020 , partially offset by higher net cash outflows from other financing activities . see part ii—item 8 financial statements and supplementary data , note 11 , `` debt '' for a summary of our financing activities and debt position as of december 31 , 2020 and december 31 , 2019. capital resources cash and cash equivalents as of december 31 , 2020 , we had total cash and cash equivalents of $ 770.1 million compared to $ 523.4 million as of december 31 , 2019. the increase in cash and cash equivalents as of december 31 , 2020 from december 31 , 2019 was primarily driven by cash generated from operating activities , including the above-mentioned deferral of tax payments from various government-sponsored payment deferral programs and the proceeds from the sale of the irwindale brewery , partially offset by the repayment of debt , capital expenditures and dividend payments . see part ii—item 8 financial statements and supplementary data , consolidated statements of cash flows for additional detail .
```    
 Suspicious Activity Report : at the end of the second quarter and into the third quarter of 2020 , there was a phased reopening of a significant number of on-premise accounts in certain of our markets , but with restrictions and in the fourth quarter some of these re-openings were reversed and businesses were shut down again . sales to restaurants and bars have not returned to pre-pandemic levels and in many instances , the reopened on-premise accounts have been impacted by further restrictions or further shut downs imposed as a result of the increased spread of the coronavirus . in addition , sporting events , festivals and other large public gatherings where our products are served have been canceled throughout north america and europe . sales to on-premise customers tend to be higher margin than sales to off-premise ( retail outlets ) customers . 39 additionally , these and other governmental or societal impositions of restrictions on public gatherings , especially if prolonged in nature , whether government or self-imposed , will have adverse effects on on-premise traffic and , in turn , our business . we experienced a significant adverse volume impact in 2020 resulting from the initial closure of , and subsequent continued impacts to , the on-premise channel . as perspective , we estimate that approximately 23 % of our 2019 consolidated net sales resulted from on-premise consumption , with approximately 17 % of our north america net sales and approximately 50-55 % of our europe net sales each coming from this important part of the industry , and in many of our markets the on-premise business had been reduced to zero for much of the second quarter of 2020. see further discussion in part i. item 1. business regarding the historical percentage of volume and net sales represented in the on-premise within our north america and europe segments and resulting implications to expected profitability as a result of the effective closures of the on-premise in the markets in which we operate . while we began to see some of the on-premise return mid-year in many of our markets , with the exception of the u.k. , which did not reopen until early july , business and consumer behavior in the channel has been slow and remains uncertain . subsequently , in the fourth quarter of 2020 , the second pandemic wave triggered new lockdowns with different levels of restrictions in europe and canada depending on the market . therefore , as a result of this uncertainty , we currently continue to expect a significant adverse impact to both net sales and profit performance for fiscal 2021 and , possibly beyond . in addition , where we have seen shifts in demand to the off-premise , and shifts into certain package types , which has strained our supply chain and package availability , particularly with aluminum can demand and other packaging materials , requiring that we strategically prioritize certain brands and package types . our supply chain continues to work diligently to ensure sufficient supply of these high demand brand and packages as we adjust to these changing consumer dynamics . further , during 2020 , we recorded charges of $ 15.5 million within cost of goods sold related to temporary `` thank you `` pay for certain essential north america brewery employees . additionally , in order to support the challenges facing our on-premise customers and retailers , and our overall commitment to quality , during the first quarter of 2020 , we initiated voluntary temporary keg relief programs in many of our markets providing customers with reimbursements for untapped kegs that met certain established return requirements . as a result , our results for 2020 further include aggregate charges of $ 42.4 million , inclusive of a reduction to net sales of $ 30.3 million for reimbursements through these keg relief programs , as well as charges of $ 12.1 million within cost of goods sold related to obsolete finished goods keg inventories that were unable to be sold within our freshness specifications as a result of the ongoing on-premise impacts , as well as the costs to facilitate the above mentioned keg returns . these keg return and inventory obsolescence charges were primarily recognized during the first quarter of 2020. see part ii—item 8 financial statements and supplementary data , note 1 , `` basis of presentation and summary of significant accounting policies `` for additional details . as a result of the ongoing impacts of the pandemic , we have continued to take various mitigating actions to offset some of the implications to our employees and communities , as well as the challenges to performance , while also ensuring liquidity and deleverage remain key priorities as further discussed within `` liquidity and capital resources `` below . in addition to actions already taken , additional actions may be necessary . such potential actions include , but are not limited to , drawing on our revolving line of credit facility , issuing additional commercial paper under our u.s. commercial paper program , issuing commercial paper under the covid corporate financing facility in the u.k. ( see part ii—item 8 financial statements and supplementary data , note 11 , `` debt `` for further discussion of the facilities and our remaining capacity ) , further accessing the capital markets , reducing discretionary spending including marketing , general and administrative as well as capital expenditures , asset monetization and taking advantage of certain governmental programs such as furloughs in the u.k. and government relief and payment deferral programs , for example by the u.s. coronavirus aid , relief , and economic security act ( the “ cares act ” ) , and other such government-sponsored legislation and programs . story_separator_special_tag these charges were primarily recognized during the first quarter of 2020 , with adjustments recognized in subsequent quarters in 2020. we also recognized charges to cost of goods sold of $ 15.5 million related to temporary `` thank you `` pay for certain essential north america brewery employees . in the third quarter of 2020 , we formed a joint venture equally owned by mcbc and dgy west holdings , lp that was formed to expand commercialization of yuengling 's brands with operation currently expected to commence in the second half of 2021. tyc will oversee any new market expansion in the u.s. outside yuengling 's current 22-state footprint and new england . we expect that tyc will expand in a methodical pace following disciplined and steady growth . as part of our revitalization plan announced during the fourth quarter of 2019 , we initiated restructuring activities and continue to incur severance and other employee-related costs as special items . following management approval in december 2019 , in january 2020 , we announced plans to cease production at our irwindale , california brewery and entered into an option agreement with pabst brewing company , llc ( `` pabst `` ) , granting pabst an option to purchase our irwindale , california brewery , including plant equipment and machinery and the underlying land for $ 150 million , subject to adjustment as further specified in the option agreement . pursuant to the option agreement , on may 4 , 2020 , pabst exercised its option to purchase the irwindale brewery and the purchase was completed in the fourth quarter of 2020. production at the irwindale brewery ceased during the third quarter of 2020. we recorded special charges related to the planned irwindale brewery closure as further discussed in part ii—item 8 financial statements and supplementary data , note 7 , `` special items . `` the volatility of aluminum , inclusive of midwest premium and tariffs , continued to significantly impact our results during 2020. to the extent these prices continue to fluctuate , our business and financial results could be materially adversely impacted . we continue to monitor these risks and rely on our risk management hedging program to help mitigate price risk exposure for commodities including aluminum and fuel . we identified a triggering event requiring an interim impairment assessment of the goodwill within our historical canada reporting unit at the end of the third quarter of 2019 , as a result , in part , of prolonged weakening of the canadian beer industry negatively impacting the performance of the canada business through the third quarter of 2019 and the expected future cash flows of the canada reporting unit . the interim goodwill impairment analysis resulted in a goodwill impairment loss recognized within our historical canada reporting unit of $ 668.3 million , which was recorded as a special item . see part ii—item 8 financial statements and supplementary data , note 10 , `` goodwill and intangible assets `` for additional information . in further efforts to help optimize the north america brewery network , in the third quarter of 2017 , we announced a plan to build a more efficient and flexible brewery in longueuil , quebec . during the second quarter of 2019 , we completed the sale of our montreal brewery for $ 96.2 million , resulting in a $ 61.3 million gain , which was recorded as a special item . in conjunction with the sale , we agreed to lease back the existing property to continue operations on an uninterrupted basis until the new brewery is operational , which we currently expect to occur in 2021. however , due to the uncertainty inherent in our estimates , and the impacts of the coronavirus pandemic potentially delaying construction of the new brewery , the timing of the brewery closure is subject to change . we will continue to incur significant capital expenditures associated with the construction of the new brewery in longueuil , quebec , through its estimated completion in late 2021. in june 2019 , the ontario government in canada adopted a bill that , if enacted , would terminate a 10-year master framework agreement that was originally signed between the previous government administration and molson canada 2005 , a wholly owned indirect subsidiary of the company , labatt brewing company limited , sleeman breweries ltd. , and brewers retail inc. in 2015 and governs the terms of the beer distribution and retail systems in ontario through 2025. the government has not yet proclaimed the bill as law . the impacts of these potential legislative changes are unknown at this time , but could have a negative impact on the results of operations , cash flows and financial position of the north america segment . while discussions remain ongoing with the government to reach a mutually agreeable alternative to the enactment of the law , it is unclear how the coronavirus pandemic will impact these discussions . molson canada 2005 and the other master framework agreement signatories are prepared to vigorously defend their rights and pursue legal recourse , should the master framework agreement be unilaterally terminated by the enactment of the legislation . for additional information , see part ii—item 8 financial statements and supplementary data , note 18 , `` commitments and contingencies . `` in june 2019 , health canada released final regulations resulting in the legalization of new classes of cannabis products including edibles and cannabis infused beverages on october 17 , 2019 , with product sales being permitted sixty days after submission of the beverage formulations to health canada and satisfaction of all other licensing and regulatory preconditions . 45 truss , our joint venture with hexo in canada , began rolling out its range of thc and cbd infused beverages across the canadian market during the third quarter of 2020. separately , in april 2020 , we completed the formation of a new joint venture with hexo

