Nearly a year after launching its “Equity for Punks” USA crowdfunding scheme, Scottish craft beer company BrewDog PLC has announced that it raised $7 million, falling considerably short of a stated $50 million target.

Four craft breweries have shuttered in less than two weeks, the most well-known of which, Rubicon Brewing Company, had operated in Sacramento for nearly 30 years.

Constellation Brands has acquired fast-growing Florida-based craft beer producer Funky Buddha and, in the process, formed a new “High End Craft and Specialty” business group specifically tasked with overseeing the company’s present and future craft brewery purchases. Financial terms of the deal, which closed yesterday, were not disclosed. The structure is similar to Constellation’s 2015 purchase of San Diego’s Ballast Point Brewing, which was worth $1 billion, Brewbound understands. A sale price was not disclosed, but the all-cash deal is for 100 percent of the company, according to KC Sentz, who co-founded the brewery with his brother Ryan Sentz.

A group led by New Belgium Brewing Company today announced it would acquire San Francisco-based Magnolia Brewing Company as part of a bankruptcy proceeding.

Constellation Brands today announced the acquisition of Florida-based Funky Buddha Brewery. Terms of the deal were not disclosed.

New Hampshire-based Iron Heart Mobile Canning will expand its presence in the south with the acquisition of Nashville’s Toucan Mobile Canning LLC.

In this week’s edition of Last Call: BrewDog vows to build a border bar; Minhas sues big beer; Yazoo Brewing offers its brewery and taproom property for sale; and more.

During a call with investors and analysts on Thursday, Craft Brew Alliance CEO Andy Thomas characterized the company’s second quarter results as “another win,” even though company-wide depletions dipped 2 percent amidst pressure from more than 5,500 breweries competing for an evolving consumer set that Thomas called “alien.”

Japan’s Sapporo Holdings Limited today announced that it would acquire iconic San Francisco craft beer maker, Anchor Brewing Company.

Molson Coors today reported its second quarter earnings results, which were highlighted by a 2.3 percent increase in global brand volumes, to 26.4 million hectoliters.

A group of Wisconsin lawmakers today introduced the first in a series of legislative actions aimed at modernizing the state’s three-tier system.

In this edition of Press Clips: Heineken reports earnings; Buffalo Wild Wings explores beer delivery; Indiana lawmakers review Prohibition-era laws; and more.

In this week’s Last Call: Alcohol suppliers agree to pay millions in penalties in Pennsylvania; Total Wine scores a win in Massachusetts; Dixie Brewing announces plans to return to New Orleans; and BrewDog declares Australian interest.