Drizly, a Boston-based on-demand alcohol delivery company, has secured another $34.5 million as part of a Series C fundraising round, according to a December 10 SEC filing. The round was led by New York-based hedge fund Tiger Global Management, Brewbound confirmed.
Beer industry veteran Adam Lambert has been named the chief revenue officer of BrewDog USA, an international craft beer company that sells beer in 60 countries. Lambert most recently served as the chief operating officer of Storied Craft Breweries, an upstart growth capital group that launched in 2016 and had intentions of investing in multiple craft breweries.
At the National Beer Wholesalers Association meeting in September, Nielsen vice president Danny Brager delivered a simple message to attendees who stopped by his early morning breakout session: Cider is back. According to data from the firm, off-premise sales of hard cider were up 6 percent over the 52-week period ending on August 11. But if you look at the most recent 26-week period, also ending August 11, category-wide sales were up 13 percent.
Shipments of domestically brewed beer are down about 2.9 percent, according to the Beer Institute, but year-to-date volume sales at off-premise retailers are still basically flat. According to the latest data from market research firm IRI, volume sales at multi-outlet and convenience stores were down 0.3 percent year-to-date through the period ending November 4.
In this week’s Last Call: The TTB and Elgin Beverage agree to a $325,000 offer in compromise; Freetail Brewing co-founder Scott Metzger departs the company he helped launch in 2008; Cape May Brewing plans to open a distributorship in 2019; and Massachusetts will become the first state east of the Mississippi to conduct legal recreational cannabis sales next Tuesday.
Keith Villa, the legendary brewmaster who retired from MillerCoors earlier this year and launched Ceria, Inc., a cannabis company, is most known for creating the iconic Blue Moon Belgian-style wheat ale. So it’s only fitting that his first play in the cannabis-infused beverage space would be a de-alcoholized version of his popular brew. Called Grainwave, Villa’s first THC-infused non-alcoholic craft beer, a Belgian-style white ale, will hit Colorado dispensaries in mid-December.
Artisanal Brewing Ventures, the family office-backed holding company formed in early 2016 via the merger of Victory Brewing and Southern Tier Brewing, today announced the acquisition of New York-based Sixpoint Brewery. Specific financial terms of the transaction were not disclosed.
The Brewers Association board of directors today informed members of proposed changes to its bylaws that would significantly alter the trade organization’s official craft brewer definition, and create a new voting member class, Brewbound has learned. The board also intends to form a political action committee that is aimed at more aggressively lobbying for permanent federal excise tax cuts that currently save craft brewers upwards of $80 million annually.
Samuel Adams might be the official beer of the Boston Red Sox, but it was cross-town competitor Harpoon Brewery that scored a prominent World Series commercial, a first for the company, just days before the start of Game 4. In between the singing of the National Anthem and the first pitch on Saturday night, Harpoon Brewery co-founder and CEO Dan Kenary could be heard on televisions across the greater Boston area.
A federal judge in Washington, D.C., has signed a “Modified Final Judgment” that officially clears Anheuser-Busch InBev’s $100 billion purchase of rival SABMiller more than two years after the Department of Justice initially green-lit the acquisition. U.S. District Judge Emmet G. Sullivan on Monday ruled that A-B InBev complied with requirements of the Antitrust Procedures and Penalties Act, and he approved a number of new conditions that he said are “in the public interest.”
After nearly 13 years at the helm of Rogue Ales & Spirits, owner and president Brett Joyce will depart the company at the end of the year. Current general manager Dharma Tamm, who joined the Oregon-headquartered organization in January 2017, will supplant Joyce. Speaking to Brewbound, the 45-year-old Joyce, who will maintain an ownership stake and remain on the company’s board, cited personal reasons for the decision to step away from the day-to-day operations.
Craft Brew Alliance’s nearly four-year-long strategy of partnering with smaller brands has officially culminated with three separate purchase agreements that, combined, will cost the company less than $45 million. CBA, a publicly traded craft brewery group headquartered in Portland, Ore., today announced that it would wholly acquire Massachusetts’ Cisco Brewers, North Carolina’s Appalachian Mountain Brewery and Miami’s Wynwood Brewing.
Massachusetts-based brew-it-yourself bar and restaurant Hopsters has once again turned to equity crowdfunding in an effort to help finance a planned $4 million expansion into Philadelphia. One year after securing $1.3 million from 713 investors via Wefunder, which enabled the company to open its Boston Seaport location, Hopsters is again looking to raise more than $1 million from unaccredited investors.
Florida’s Cigar City Brewing, which sold to the Fireman Capital-backed Canarchy Craft Brewery Collective in 2016, is quickly emerging as the consortium’s most promising brand. Growing at more than 60 percent year-to-date, the Tampa-based craft brewery has already shipped more than 107,000 barrels of beer through the first nine months of 2018 and is on pace to produce an estimated 143,000 barrels.