Canopy Growth Taps Southern Glazer’s to Distribute CBD Beverage Portfolio in US
Canadian cannabis firm Canopy Growth announced today a partnership with Southern Glazer’s Wine & Spirits to distribute its portfolio of CBD-infused beverages in the U.S.
Canadian cannabis firm Canopy Growth announced today a partnership with Southern Glazer’s Wine & Spirits to distribute its portfolio of CBD-infused beverages in the U.S.
Off-premise dollar sales of craft beer have maintained a “moderate growth” rate through the first three months of 2021, as dollar sales increased 6%, to $1.3 billion, according to NielsenIQ data shared by Bump Williams Consulting.
The COVID-19 pandemic driven shutdown of on-premise service at bars and restaurants led to a big but expected cut in draft packaging last year, according to the 2020 “Package Mix Report” shared by the Beer Institute and compiled by the National beer Wholesalers Association’s Department of Industry Affairs.
The Alcohol and Tobacco Tax and Trade Bureau (TTB) has accepted an $850,000 offer in compromise from Chicago-based Lakeshore Beverage’s RN Acquisition LLC and City Beverage – Markham LLC for alleged trade practice violations from 2014 through the present.
Firestone Walker has reached a deal to acquire the Cali-Squeeze brand from SLO Brewing Co. Firestone Walker added that it has been “historically reluctant to develop beers outside the traditional footprint.” Nevertheless, the company has toyed with fruited beers but ultimately “recognized that Cali-Squeeze already had everything we were looking for.”
Hard seltzers will be receiving more shelf space in convenience stores, according to Goldman Sachs analyst Bonnie Herzog’s latest “Beverage Bytes” survey of convenience store beverage buyers (representing 30,000 retail locations, or about 20% of the c-store channel).
Molson Coors Beverage Company announced today that it will make an equity investment in TRU Colors Brewery, a Wilmington, North Carolina-based craft brewery with a mission to end street violence.
Michigan’s Short’s Brewing is on the verge of its 17th anniversary — one that will go without an in-person celebration for the second consecutive year due to the COVID-19 pandemic.
Boston Beer Company founder Jim Koch is urging the leaders of the beer industry’s three major trade groups — the Brewers Association (BA), the Beer Institute (BI) and the National Beer Wholesalers Association (NBWA) — to work together to beat back efforts by spirits groups to bring taxes on spirits-based, lower-alcohol, ready-to-drink offerings in line with beer, hard seltzers and FMBs.
Net sales of Constellation Brands’ beer portfolio — including Mexican import labels Corona, Modelo and Pacifico — topped $6 billion, an 8% increase, in fiscal year 2021, the company shared today while reporting its full-year earnings.
New Belgium’s first company-owned restaurant — located in San Francisco’s Mission Bay neighborhood — will open Friday, April 9.
The Brewers Association (BA) released its annual craft brewery production report, which showed a 9% decline in 2020, in large part due to the COVID-19 pandemic. BA chief economist Bart Watson cautioned that the decline is not a perfect representation of the year for the nation’s 8,764 craft breweries.
The COVID-19 pandemic put hard times on the U.S. craft brewing industry in 2020, as production declined for the first time in the modern craft era, the Brewers Association (BA) announced today. The number of barrels produced by craft breweries had steadily grown in recent years, from 24.3 million barrels in 2016 to a peak of 26.3 million barrels in 2019.
The consumer-facing, in-person Great American Beer Festival tasting event will not take place for a second consecutive year due to the COVID-19 pandemic, the Brewers Association (BA) announced today. However, the competition that accompanies the festival will go on as planned this year, while the in-person event is slated to return in 2022 for GABF’s 40th anniversary.