It’s been more than four years since San Diego’s Green Flash Brewing first announced its intent to build a secondary brewing facility on the East Coast and the company has finally set an official grand opening date. Green Flash today said it would open its 58,000 sq. ft. brewery in Virginia Beach, Va. on Nov. 13, marking the occasion with a series of events, the company said via a press release today.
In this week’s Last Call: Milwaukee Brewing has announced plans to significantly expand its operations in Brew City, inking a lease agreement for 58,000 sq. ft. of space on the site of the original Pabst brewery; BrewDog reportedly plans to spend about half of the $50 million it is currently trying to crowdfund to build out a number of BrewDog-branded bars in the U.S., according to a report from restaurant briefing service Propel Info.
Remember way back in 2011 when Stone Brewing said it was planning to build a hotel on the property adjacent to its California brewery? Well today, the San Diego-area craft beer company said it has entered into a licensing agreement with Untitled Hospitality to develop 13 acres of land next to Stone’s Escondido brewing facility.
MillerCoors is hotter than a pistol: The country’s second largest beer company continued its summer-long burst of acquisition by purchasing its third craft brewery in three weeks, today announcing that Texas’ Revolver Brewing would join its Tenth and Blake craft and import division. The acquisition of Revolver comes just weeks after it announced agreements to purchase Oregon’s Hop Valley on July 29 and Georgia’s Terrapin Beer Company on July 20.
In this week’s edition of press clips: Sierra Nevada Brewing Company agrees to a 10-year partnership with the Sacramento Kings; Scottish craft beer maker BrewDog raises $1 million from more than 1,200 investors in just three days; the St. Louis Brewery moves forward with its efforts to trademark the name “Schlafly” for use in beer and Boston Beer Company launches a national television and radio ad campaign for its newest product line — Truly Spiked & Sparkling.
Here’s one way to strengthen your local market presence: help to build, design and name a bar at the new football stadium being constructed just two miles away from your brewery. That’s what Fort Collins, Colo.-based New Belgium is doing, anyways. The company yesterday announced plans to donate $4.3 million to Colorado State University’s $220 million on-campus stadium project, about half of which will go toward the construction of a “hospitality area” located behind the north end zone.
Craft Brew Alliance has officially opened its new Widmer Brothers innovation brewery, relocating the small-batch operation from a cramped corner of Portland’s Moda Center to the company’s primary brewing facility about one mile away. First announced last April, the new innovation brewery will enable CBA to conduct research and development, experiment with emerging styles and give Widmer brewers a chance to collaborate with other food and beverage industry entrepreneurs.
Sweetwater Brewing today announced plans to broaden its reach in Texas, expanding distribution to the Dallas-Fort Worth and Austin areas via Ben E. Keith Company; Fast-growing Rhinegeist Brewery will formally launch in the Cleveland market this week, inking an agreement with House of La Rose Inc., according to a Cleveland.com report.
With construction already underway at its 100,000 sq. ft. Ohio production facility, Scottish craft brewery BrewDog yesterday announced the formal launch of an ambitious $50 million crowdfunding campaign to help finance the company’s first U.S. brewery expansion. Called Equity for Punks, the newly launched campaign invites U.S. investors to purchase shares of BrewDog USA at $47.50 each; BrewDog is requiring investors to purchase a minimum of two shares.
Here’s a full stein of reality, courtesy of Craft Brew Alliance’s chief executive, Andy Thomas. “If we become irrelevant to consumers, we’re all doomed,” he told a crowd of 250 beer business executives and entrepreneurs who attended the June 9 Brewbound Session conference in Brooklyn.
Sierra Nevada Brewing yesterday named Jeff White as the company’s first chief operating officer. White, who began with the Chico, Calif.-based craft brewery in 2013, serving first as its systems integration director, will bring more than 30 years of brewing industry experience to the newly created COO position.
Karl Strauss Brewing Company today announced it would open a new satellite brewery and brewpub in Southern California next month. Located across from Angel Stadium in Anaheim, the company’s new brewery — its 10th brewing location — will include a 7-barrel brewhouse, two 14-barrel fermentation tanks and three 14-barrel brite beer tanks. The facility will be capable of pouring upwards of 35 unique, small-batch beers at a time, the company said.
On-demand alcohol delivery service Drizly today announced it has completed a $15 million Series B funding round led by venture capital firm Polaris Partners, which previously financed a majority of the company’s $13 million Series A round last May. Founded in 2012, Drizly has raised $32.8 million to date from a group of investors including First Beverage, Continental Investors, Suffolk Equity, Gary Vaynerchuk (via the Vayner RSE fund) and the Wine & Spirits Wholesalers of America have all invested in the startup company.
Craft Brew Alliance (CBA) today released its second quarter earnings results, which were highlighted by a 23.9 percent increase in Kona Brewing shipments and a portfolio-wide net sales increase of 6.4 percent compared to the same period in 2015. Driven by its “Kona Plus” strategy — which prioritizes national sales of the Hawaiian-themed brand over those from Widmer, Redhook, Omission and its partner brands — CBA was able to push year-to-date shipments, depletions and net sales back to about flat following a challenging first quarter.