Craft beer industry news.
Lower than expected wholesaler inventory builds of Truly Hard Seltzer in the fourth quarter, as well as increased supply chain costs, have led Boston Beer Company to revise downward its shipment, gross margin and earnings per share projections for full-year 2021, according to a Form 8K filed with the U.S. Securities and Exchange Commission Thursday afternoon.
Atlanta-based Rightside Brewing, founded in 2021, is expanding its distribution of non-alcoholic beers through a new partnership with BevMo!, the number-one specialty beverage retailer on the west coast.
There are some businesses that from the get-go, seem to naturally collect a throng of enthusiastic cheerleaders for their success.
California brewery icon Karl Strauss Brewing Company is kicking off 2022 with two exciting releases: Bohemian Grove IPA (the first in their quarterly Collaboration Series) with locally coveted Burgeon Beer Co., as well as their 33rd Anniversary Barrel Aged Baltic Porter.
Jiant announces the launch of ‘Venice Peach’, the fourth hard kombucha released as part of the modern beverage brand’s celebrated seasonal series.
Belching Beaver is celebrating ten years in October and thought this was the perfect time to refresh its core line-up.
Whispers of the CANarchy Craft Brewery Collective’s potential sale have circulated through the industry’s rumor mill for the last few years before finally becoming a reality with today’s announced agreement to sell to energy drink maker Monster for $330 million in cash. Those whispers were the smoke to the fire of the craft brewery rollup being shopped to potential buyers. The seller’s identity though was not be the one everyone associates with CANarchy’s ownership.
Santa Rosa, California-based Russian River Brewing Company’s annual in-person Pliny the Younger release has been postponed, following a spike in COVID-19 cases.
Financial services firms have responded positively to the news of energy drink maker Monster Beverage Corporation striking a deal to acquire the CANarchy Craft Brewery Collective. “Overall we view this transaction as a strategic positive as it is 100% incremental to Monster’s existing business and should function as a springboard for Monster to enter the alcoholic beverage sector as CANarchy is the sixth largest craft brewer in the U.S. with seven distinct brands,” Goldman Sachs equity research analyst Bonnie Herzog wrote.
Midway through Dry January, three craft brewers discuss their new non-alcoholic offerings and why these new products make sense both this month and the rest of the year. Deschutes’ Veronica Vega, AleSmith’s Brandon Richards and Notch’s Chris Lohring join the Brewbound team to talk about their N/A beers and the development behind them.
Cape Beverage Distributing is pleased to announce a collaboration brew between two of its partners, which hits shelves later this month: New Jersey’s Cape May Brewing Company and Pennsylvania’s Workhorse Brewing Company.
Molson Coors Beverage Company (NYSE: TAP; TSX: TPX) is donating 100,000 cans of water and $25,000 to the Boulder County Wildfire Fund in support of relief efforts in Colorado in the wake of the state’s largest wildfire that destroyed thousands of homes and devastated the Boulder community.
21 Holdings LLC (21H), a wholly-owned subsidiary of The Jel Sert Company (Jel Sert), announces its registration as a winery, making it a fully licensed and bonded distillery, winery, and brewery that specializes in ideating, developing, and manufacturing alcoholic freezable novelties.
Cruz Blanca Brewery is thrilled to announce industry professional Josh Allard as the new Director of Sales for Cruz Blanca Brewery.
