A consortium of investors has reached a deal to acquire 100% ownership of City Brewing, the largest beverage alcohol co-packer in the U.S., and also acquire the former Molson Coors production brewery in Irwindale, California, from Pabst Brewing Company.

Stone Brewing Company has agreed to pay a more than $1.8 million offer in compromise to the federal Alcohol and Tobacco Tax and Trade Bureau for alleged violations related to tax reporting and payments.

The launch of Dogfish Head’s ready-to-drink canned cocktails into near national distribution marks the culmination of what brewery founder Sam Calagione described as “the single longest R&D project” of his career.

Congress passed the $1.9 trillion COVID-19 relief package, which now advances to President Joe Biden for an expected signature.

“We obviously had grown so quickly that I just knew there was going to be an extent at how much we could realistically scale the business on our own, just due to our existing infrastructure, our own resources, and, quite frankly, even our kind of experience,” Far West Spirits founder Katie Beal Brown told Brewbound.

The May 1 launch of a line of hard seltzers branded with fast-food chain Sonic’s name and proprietary beverage flavors has the potential to make Oklahoma City craft brewery COOP Ale Works a player in the $4 billion hard seltzer segment, president Sean Mossman told Brewbound.

Diageo has acquired fast-growing hard seltzer maker Far West Spirits LLC, which produces the Lone River Ranch Water brand.

No- and low-alcohol offerings as a “potential market disruptor” for the beer category, growing retail sales to $3 billion by 2025, according to a new research report from Goldman Sachs analyst Bonnie Herzog.

Deschutes Brewery has made the first acquisition in the 32-year-old craft brewery’s history. Bend, Oregon-headquartered Deschutes has acquired another Bend craft brewery, Boneyard Beer.

Global cannabis sales grew by nearly half in 2020, according to BDSA, a cannabis market research firm based in Boulder, Colorado. Sales increased 48%, to $21.3 billion, compared to $14.4 billion in 2019.

The Reyes Beer Division remains a very active acquirer in the state of California. The largest beer wholesaler in the U.S. continued to add to its business in the state today as its Harbor Distributing subsidiary signed an agreement to acquire Redding Distributing Company in Northern California.

Anheuser-Busch InBev may be looking inward for a possible successor for CEO Carlos Brito. According to Bloomberg News, Michel Doukeris, CEO of A-B’s U.S. business, is the front-runner to succeed Brito.

A group led by hard cider entrepreneur Brett Williams acquired a stake in Wachusett Brewing Company last September, Brewbound has learned. “An opportunity presented itself during the pandemic to invest in Wachusett and we decided to do so,” Williams told Brewbound Thursday. “We are the only people that are crazy enough to invest in a brewery in a pandemic.”

For 2021, Brooklyn will lean on a slate of new offerings including Pulp Art Hazy IPA, the expanded Special Effects non-alcoholic line, and a line of hard seltzers, in addition to its flagship Brooklyn Lager and Summer Ale seasonal.