Uncle Arnie’s Raises $7.5M, Targets ‘Category Leadership’ in THC Drinks
Cannabis beverage brand Uncle Arnie’s is planning to nearly double its team from 40 to 75 employees after closing a $7.5 million Series A investment round co-led by Mindset Capital and Delta Emerald Ventures.
Insider’s Week in Beer: 💃 Garage Beer Lives the Life of a Showgirl
While Taylor Swift’s New Heights pod episode this week may have had no sponsor ad reads or presenting sponsors 👀 . . . you can’t keep GARAGE BEER in a corner!
Press Clips: Arizona’s Huss Brewing and PHX Beer Co. Merge; North Coast Taps Jeff Robinson to Lead Sales
Arizona’s Huss Brewing (Tempe) and PHX Beer Co. (Scottsdale) have merged to create Zonafide Beverages, the companies announced Wednesday.
Total Wine CEO Troy Rice Steps Down
Total Wine & More CEO Troy Rice has resigned from the top job at the national beverage-alcohol retailer, he announced on LinkedIn today.
Tip Top’s Kindred Spirits Series Bridges RTD Cocktails and Craft Beer
Want to encourage craft beer drinkers to pick up a craft RTD cocktail? Try offering more beer. Now in its third release, Tip Top Proper Cocktails’ Kindred Spirits Series is a first-of-its-kind RTD brand and brewery collaboration that reimagines classic cocktails through the lens of craft beer.
A Round With: Original 40 Head Brewer Kyle Fjalstad on Barrel-Aging, Cross-Category Collabs and Cautionary Tales from San Diego
After joining San Diego’s Original 40 Brewing as head brewer earlier this year, Kyle Fjalstad has launched a beer that bridges the gap between Original 40 and the last brewery on his resume, Modern Times.
Gallup Poll: Record Low 54% of US Adults Drink Alcoholic Beverages; BA Chief Warns Industry to Take Data ‘With a Huge Grain of Salt’
The percentage of Americans who say they drink alcoholic beverages has fallen to its lowest point – 54% – in the history of Gallup’s annual survey tracking drinking patterns of adults. The firm said the decline comes amid “a growing belief among Americans that moderate alcohol consumption is bad for one’s health, now the majority view for the first time.”
Receiver To Take Over Uncle Nearest Whiskey; Weavers To Remain Involved
Uncle Nearest Premium Whiskey will go under the control of a receiver following a lender’s claims that the company was in financial distress, according to a federal judge’s order issued Thursday.
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Ballast Point Takes On New Investors, Plans Expansion
San Diego-based Ballast Point has new, local investors in its ownership group, San Diego Beer News reported. Hospitality force RMD Group and boutique investment firm Cypress Ascendant have taken shares in the brewery, and the investors who facilitated the bombshell acquisition of Ballast Point from Constellation Brands in 2019 have exited.
Schilling Sues Incline Over Ownership of Cider ‘Recipes;’ Judge Grants Preliminary Injunction
A legal dispute between two Pacific Northwest cider brands is bringing into question what defines a “recipe” and how airtight – and specific – agreements between bev-alc brands and their manufacturing partners need to be. Schilling Cider has filed a civil complaint against Incline Cider and its parent company Compass Brands, LLC, alleging Incline breached a “recipe agreement” and shared confidential information with a competing company
Brewbound Podcast: A Look at Uncle Nearest’s Fight to Retain Control of Operations
Representatives of Uncle Nearest were in court last week fighting to retain control of the whiskey brand’s operations as its lender seeks the appointment of a receiver as the company has fallen into default on $108 million in loans. BevNET spirits editor Ferron Salniker joins the Brewbound Podcast to share the latest on the case.
Good Boy Vodka Moves Distribution to California Beverage Solution
Breakout ready-to-drink (RTD) brand Good Boy Vodka will move its California distribution to California Beverage Solution (CBS) this month, the companies announced today.
Hayden Beverage to Acquire Scout Distribution Idaho JV
The Idaho joint venture between Scout Distribution and Columbia Distributing is being sold to Hayden Beverage Company, the companies shared today.
Press Clips: Boston Beer CFO to Receive $1.2M in Stock as Retention Bonus; Kyle Park Leading Neshaminy Creek as CEO
Boston Beer CFO Diego Reynoso is receiving around $1.2 million in Boston Beer Class A stock (SAM) in an effort to keep him with the company.