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With Constellation Brands Investment, HOP WTR Plans to ‘Leapfrog Growth’

With Constellation Brands Investment, HOP WTR Plans to ‘Leapfrog Growth’

Spirits and Mexican import beer giant Constellation Brands put its official stamp of interest on the trend by investing in HOP WTR, an emerging brand of zero-calorie sparkling water infused with the fruity bittering agents as well as some on-trend functional or adaptogenic ingredients like L-Theanine (potentially providing relaxation and focus) and Ashwagandha (a purported stress reliever).

Brave Noise Collaboration Beer Aims for ‘Safe Spaces and Inclusive Environments’ in the Beer Industry

Brave Noise Collaboration Beer Aims for ‘Safe Spaces and Inclusive Environments’ in the Beer Industry

Craft breweries will have to do more than brew and sell a batch and donate proceeds from it to join the newest cause-driven global collaboration beer project. The organizers behind Brave Noise, a collaborative project “advocating for safe spaces and inclusive environments” in the beer industry, are asking participants to create and publish a code of conduct for employees and patrons, as well as donate the majority of the beer’s sales to an organization that supports the project’s mission.

San Francisco Bar Owner Group Recommends Vaccination or Negative Test for Indoor Service

San Francisco Bar Owner Group Recommends Vaccination or Negative Test for Indoor Service

San Franciscans will have to show proof of vaccination or a negative COVID test result to sit indoors at bars following new guidance from the San Francisco Bar Owner Alliance. “The San Francisco Bar Owner Alliance is extremely concerned by a recent uptick in cases of COIVD-19 among our staff members, especially those who are fully vaccinated,” the organization wrote in a statement.

2 Dead Following Shooting at TRU Colors Brewing Executive’s Home

2 Dead Following Shooting at TRU Colors Brewing Executive’s Home

Two people have died and a third was injured in a shooting at the home of George Taylor III, the chief operating officer of TRU Colors, in Wilmington, North Carolina. TRU Colors, which Molson Coors acquired an equity stake in April, was founded by Taylor’s father, George Taylor — a tech entrepreneur and former Untappd chairman — and leaders of the Bloods, Crips and GD (Gangster Disciples) gangs. The company employs active members of rival gangs “to bridge divides and create economic opportunity, all while teaching life skills with professional training,” according to TRU Colors’ website.

Dale Katechis Discusses New Relationship with Veritas Cannabis

Dale Katechis Discusses New Relationship with Veritas Cannabis

Oskar Blues founder Dale Katechis made waves this month when he announced he was joining Veritas Fine Cannabis as an equity stakeholder and team member. The craft beer pioneer told Brewbound the cannabis industry piqued his interest several years ago, but it wasn’t until a friend from childhood who is now an investment banker introduced him to the Veritas team that he was ready to jump.

NielsenIQ: July 4 Off-Premise Beer Sales Predictably ‘Lackluster’; Hard Seltzer Hits 13% Dollar Share

NielsenIQ: July 4 Off-Premise Beer Sales Predictably ‘Lackluster’; Hard Seltzer Hits 13% Dollar Share

The beer category didn’t see fireworks in off-premise retail sales this July 4, market research firm NielsenIQ reported. “For the biggest beer holiday of the year, the category had lackluster performance in the off-premise channels this year, with dollar sales down -5.1% compared to last year, and up +7% compared to 2019, which was driven in great part by beyond beer segments,” NielsenIQ vice president of beverage alcohol practice Danelle Kosmal wrote.

Boston Beer Q2 Performance Flummoxes Analysts

Boston Beer Q2 Performance Flummoxes Analysts

Boston Beer Company adjusted its full-year forecast for shipments and depletions growth after a significant slowdown in the hard seltzer segment in the second quarter. The company previously projected full-year growth of 40-50% in shipments (sales to wholesalers) and depletions (sales to retailers), but has trimmed that projection to 25-40%. Its depletions increased 24% during Q2, decelerating by half from Q1’s growth of 48%, according to remarks from founder and chairman Jim Koch in the quarterly earnings release. “To be totally honest, we’re surprised at the sharpness and the suddenness of the change in trajectory,” Koch said during a conference call with investors and analysts.

Crowns & Hops Launches Equity Crowdfunding Campaign

Crowns & Hops Launches Equity Crowdfunding Campaign

Crowns & Hops Brewing Co. is getting its own facility — and the Inglewood, California-based craft brewing company is asking drinkers if they want to be a part of it.