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Craft beer industry news.

NBA Star Marcus Camby Partners with White Lion Brewing

NBA Star Marcus Camby Partners with White Lion Brewing

Springfield, Massachusetts-based White Lion Brewing has signed a licensing agreement with retired NBA player and UMass Amherst alumnus Marcus Camby to release the first of several collaborative beers.

Monster Executives Discuss CANarchy Acquisition and Forthcoming Hard Seltzer Brand

Monster Executives Discuss CANarchy Acquisition and Forthcoming Hard Seltzer Brand

Monster Beverage Corporation co-CEOs Rodney Sacks and Hilton Schlosberg discussed their company’s acquisition of the CANarchy Craft Brewery Collective and shed light on Monster’s aspirations in the beverage-alcohol space during a conference call for investors Thursday evening following news of the sale. “We’ve been evolving a strategy to enter the alcoholic beverage market and this is, we believe, our best strategy of achieving this objective,” Schlosberg said.

Boston Beer Revises 2021 Guidance Downward for Shipments, Gross Margin & EPS; Projects Depletions Growth of 21-22%

Boston Beer Revises 2021 Guidance Downward for Shipments, Gross Margin & EPS; Projects Depletions Growth of 21-22%

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.

Outer Range Brewing Celebrates 5 Years

There are some businesses that from the get-go, seem to naturally collect a throng of enthusiastic cheerleaders for their success.

Karl Strauss Welcomes the New Year With the Release of Two New Brews

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.

CANarchy’s Winding Road of Control Prior to Monster Sale

CANarchy’s Winding Road of Control Prior to Monster Sale

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.