Canadian cannabis giant Tilray Brands recorded a 1% year-over-year (YoY) net revenue decline across all its business ventures in Q3, but the latest financials are simply growing pains as the company continues to streamline and consolidate its business, leadership shared today during the company’s quarterly earnings call with investors and analysts.
Sierra Nevada’s Big Little Thing IPA is getting a second act. The imperial IPA has been reformulated as a juicy hazy IPA with the ABV amped up to 9.5% from 9%. Although Big Little Thing has been a top-30 craft brand in off-premise scans, the brand’s trends have trended down since 2023.
Half of consumers went out for a drink in March, and on-premise visitations aren’t expected to slow down despite economic uncertainty, according to NIQ’s on-premise marketing research arm CGA.
The Brewers Association (BA) announced the recipients of the trade group’s annual Industry Awards today, recognizing “individuals and groups that have made a significant impact on the craft beer community.”
At a time when brewers are exploring spirits and ready-to-drink offerings as avenues for incremental revenue, Michigan-based spirits producer Benchmark Beverage Company is doing something similar: bolting on beer brands to expand its portfolio.
A foreclosure filing against Lakeland, Florida-based Brew Hub caught some people by surprise last week … including Brew Hub’s CEO. Brew Hub CEO Tim Schoen cited “miscommunication” between the contract brewery’s majority investor, private equity firm Yucaipa Companies, and Live Oak Bank, for the foreclosure filing, according to an email sent to Brew Hub clients on Thursday.
Republic National Distributing Company’s (RNDC) portfolio in California has shrunk again, as Gallo moves its popular High Noon Sun Sips ready-to-drink (RTD) canned cocktail line to the Reyes Beverage Group.
This week’s A Round With … features Dave Vitt, founder and CEO of Bellingham’s own Kulshan Brewing. In the Brewbound Insider-exclusive Q&A, Dave shares how Bellingham’s beer scene has evolved, how the Kulshan team keeps coming up with unique taproom events and how to stay positive in challenging times.
An estimated 10.3 million barrels of beer were shipped in the U.S. in February, a -14.9% decline and loss of more than 1.8 million barrels year-over-year (YoY), Beer Institute (BI) chief economist Andrew Heritage reported in the trade group’s latest round of economic reports, citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
President Donald Trump’s reveal of sweeping tariffs on Wednesday included a 25% tariff on all imported beer and empty aluminum cans. Those tariffs are expected to go into effect at 12:01 a.m. EDT Friday, April 4.
What’s going on in the country’s second-densest craft beer state? The Brewbound team hit the road to Portland, Maine, to find out. While in town for the New England Craft Brew Summit, Brewbound managing editor Jess Infante and senior reporter Zoe Licata checked in with 3 leaders to take the pulse of Maine’s formidable (and cheerfully collaborative) craft scene.
Off-premise trends across beverage-alcohol suggest an even bleaker year ahead for the industry than “what we already limped through in 2024,” according to the latest monthly update from Bump Williams Consulting (BWC) and founder Bump Williams.
Another day, another Colorado craft beer deal. Longmont-based Left Hand Brewing and Aurora-based Dry Dock Brewing announced they have merged under the craft-centric, crowd-funded platform Left Hand revealed plans to build last year.
St. Patrick’s Day gave the on-premise a welcome boost, but it wasn’t completely sunny for the bev-alc industry, according to the latest report by CGA, the on-premise arm of market research firm NIQ.
