Craft Beer News, Events & Jobs

Constellation Brands Spends $4 Billion to Raise Stake in Canopy Growth Corporation

Constellation Brands Spends $4 Billion to Raise Stake in Canopy Growth Corporation

Constellation Brands is taking a second hit of Canopy Growth Corporation (TSX: WEED). Less than a year after spending $191 million to acquire a 9.9 percent stake in the Canadian cannabis company, the Corona and Modelo maker today announced it would invest approximately $4 billion to acquire 104.5 million shares of Canopy, raising its stake to about 38 percent.

Reorganization Efforts Continue at Anheuser-Busch

Reorganization Efforts Continue at Anheuser-Busch

Anheuser-Busch announced several personnel moves on Tuesday, including changes to its U.S. marketing and North American sales teams. In separate notes to the company’s wholesalers, chief marketing officer Marcel Marcondes and chief sales officer Brendan Whitworth discussed the changes, which are part of North American CEO Michel Doukeris’ commercial reorganization plan.

Brew Talks Next Gen 2018: Texas To-Go Sales, State of the Industry and More (Video)

Brew Talks Next Gen 2018: Texas To-Go Sales, State of the Industry and More (Video)

The owners of two Texas craft beer companies are encouraging the state’s wholesalers to work with them on modernizing alcoholic beverage laws that bar manufacturing breweries from selling beer to go. During a Brew Talks panel discussion, held last week in conjunction with the National Beer Wholesalers Association Next Generation conference in Austin, Texas, Hops & Grain founder Josh Hare, who also chairs the Texas Craft Brewers Guild, argued that the “marriage” between suppliers and wholesalers should work more like a partnership and less like “a parent-child relationship.”

Constellation Brands to Build Ballast Point Brewpub in San Francisco

Constellation Brands to Build Ballast Point Brewpub in San Francisco

Constellation Brands is continuing to invest behind an own-premise retail strategy for its Ballast Point brand, yesterday confirming plans to open another California brewpub in 2019. The new Ballast Point location – its eighth in California and the tenth in the U.S. — will be located in San Francisco’s Mission Bay neighborhood, where the NBA’s Golden State Warriors are building a new stadium.

New Illinois Law Allows Breweries to Sell Guest Beer and Cider in Taprooms

New Illinois Law Allows Breweries to Sell Guest Beer and Cider in Taprooms

A bill signed into law last weekend by Illinois Gov. Bruce Rauner will allow the state’s breweries to purchase and sell guest beer and cider in their taprooms. Under House Bill 4897, the state will allow licensed Class 1 breweries (producing up to 30,000 barrels annually) and Class 2 breweries (making up to 120,000 barrels a year) to purchase beer and cider from either a wholesaler or a self-distributing brewery.

After Acquiring Alcohol Delivery Competitor, Drizly Co-Founder Steps Aside

After Acquiring Alcohol Delivery Competitor, Drizly Co-Founder Steps Aside

Drizly co-founder Nick Rellas has stepped down as CEO of the on-demand alcohol delivery company but will maintain a seat on its board, the Boston Globe reported last week. Cory Rellas, who co-founded Drizly with his cousin and had been serving as its chief operating officer, has taken over as CEO. The leadership change came less than a month after Drizly announced the acquisition of Buttery, a competing alcohol delivery service that operated in four cities.

Hazy IPAs Dominate 2018 GABF Entries, But Will Freshness Impact Results?

Hazy IPAs Dominate 2018 GABF Entries, But Will Freshness Impact Results?

After only being recognized by the Brewers Association (BA) as an official beer style in March, “juicy or hazy IPAs” have already become the most competitive beer category at the upcoming Great American Beer Festival (GABF) competition. In a post on the organization’s website, BA craft beer program director Julia Herz wrote that 414 different hazy IPA entries were received for the September event. Another 292 juicy or hazy pale ales and double IPAs were also submitted for judging at this year’s event, an indication that the “haze craze” is a beer style trend with legs.

Craft Brew Alliance Plans to Increase Spending on Kona, Eyes Top Line Acceleration

Craft Brew Alliance Plans to Increase Spending on Kona, Eyes Top Line Acceleration

Following the release of Craft Brew Alliance’s second-quarter results on Wednesday, CEO Andy Thomas hailed his company’s financial performance as the “strongest validation” yet that CBA is a “company transformed.” During a call with analysts and investors today, Thomas said CBA is now in its “strongest operational and strategic position” company history, which he attributed to the growth of the Kona brand, a reshaped CBA portfolio that now includes three smaller craft partners, a rationalized brewery footprint, improved gross margin, and a “far more profitable business model.”

Craft Brew Alliance Grows Revenue 2 Percent in Q2

Craft Brew Alliance Grows Revenue 2 Percent in Q2

Craft Brew Alliance (CBA) today reported its second-quarter earnings, which were highlighted by a 2 percent revenue increase, to $61.8 million. CBA attributed the uptick in net sales to increased shipments of the Kona brand, and increases in average unit pricing, despite continued Widmer Brothers and Redhook declines.

MillerCoors Ceases Production of Millennial-Focused Two Hats

MillerCoors Ceases Production of Millennial-Focused Two Hats

After just six months, MillerCoors has pulled the plug on Two Hats, a light beer brand that was targeted at 21- to 24-year-old consumers. The company announced the decision to cease production of the beer, which will remain on retail shelves until early 2019, in a letter to employees and wholesalers on Monday.

Canarchy Sales Up 15 Percent Through June

Canarchy Sales Up 15 Percent Through June

Midway through 2018, the Canarchy Craft Brewery Collective is outpacing the overall U.S. craft beer segment. The Brewers Association (BA) reported last week that growth for small and independent U.S. brewers had “stabilized,” with production growing 5 percent through the first six months of 2018. The Fireman Capital-backed brewery consortium — whose brands include Oskar Blues, Cigar City, Deep Ellum, Perrin Brewing, Three Weavers, and Utah Brewers Cooperative (Wasatch and Squatters) — is growing faster than the category, with off-premise sales up 15.4 percent in the total U.S. multi-outlet and convenience store channel year-to-date.