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Craft Collective Expands to Vermont, Picks Up Distribution Rights to Vermont Beer Makers

Craft Collective Expands to Vermont, Picks Up Distribution Rights to Vermont Beer Makers

Independent wholesaler Craft Collective will expand to its fourth New England state next week when it launches operations in Vermont. Speaking to Brewbound, co-founder and CEO Adam Oliveri explained the impetus behind the expansion is a partnership with Vermont Beer Makers, who will sell the rights to their brands to Craft Collective after about a decade of self-distribution.

Tilray Takes on HEXO Debt, Opens Path For Equity Ownership

Tilray Takes on HEXO Debt, Opens Path For Equity Ownership

Two of Canada’s major cannabis producers are coming together after Tilray Brands agreed to take on $211 million of debt from HEXO, a resolution that will allow the latter brand to shake off its “crippling overhang” by providing Tilray with “significant equity ownership position,” according to a press release.

Brewbound Podcast: Kelly Meyer Explains How Not to Start A Damn Brewery

Brewbound Podcast: Kelly Meyer Explains How Not to Start A Damn Brewery

In the wake of several brewery closures, Kelly Meyer, host of the How Not to Start a Damn Brewery podcast, discusses his experience with starting and selling a struggling brewery. He also shares insights from other brewery owners who shuttered their businesses. Kate Bernot also joins the podcast to discuss her story on Modern Times’ willingness to entertain a buyer or investor.

Breakthru Beverage Group Strikes Deal for J.J. Taylor’s Minnesota Beer Business

Breakthru Beverage Group Strikes Deal for J.J. Taylor’s Minnesota Beer Business

Breakthru Beverage Group has reached a deal to acquire J.J. Taylor Companies’ beer business in Minnesota, the companies announced today. Financial terms of the transaction were not disclosed. However, Breakthru expects the deal to close in the spring, pending customary closing conditions. Once closed, Breakthru will consolidate its beer portfolio into J.J. Taylor’s 600,000 sq…. Read more »

BeerBoard: On-Premise Open Rate Returns to Previous High of 93%

BeerBoard: On-Premise Open Rate Returns to Previous High of 93%

The open rate of bars, breweries and restaurants tracked by BeerBoard has returned to 93% during the February 24-27 weekend, the highest it has been since May 2020, according to the Syracuse, New York-based on-premise tracking firm.