Russian River Postpones In-Person Pliny the Younger Release to March
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.
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Craft beer industry news.
Wall Street Analysts React to Monster’s Deal for CANarchy
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.
Brewbound Podcast: Craft Brewers Joining the Non-Alc Beer Movement
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 Partners with Workhorse Brewing Company for New Cold IPA Releases
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 Donating $25,000 and 100,000 Cans of Drinking Water for Colorado Fire Recovery Efforts
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 Announces Registration as a Winery
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 Welcomes New Director of Sales
Cruz Blanca Brewery is thrilled to announce industry professional Josh Allard as the new Director of Sales for Cruz Blanca Brewery.
Spindrift Launches on Speakeasy Co. Platform
Spindrift quickly gained notoriety for its deliciously simple recipe: Sparkling water and real squeezed fruit.
Hi-Wire Shifts Portfolio to 16 oz. Cans; Set to Open 3 New Taprooms in 2022
“Bigger is better” is the motto this year for Asheville, North Carolina-based Hi-Wire Brewing, and they have the cans to back it up.
CANarchy to be Sold to Monster Beverage Corporation in $330M Deal
Energy drink maker Monster Beverage has reached “a definitive agreement” to acquire the CANarchy Craft Brewery Collective for $330 million in cash, the company announced today. The all cash deal is expected to close in the first quarter of 2022, pending “customary closing conditions, including regulatory approvals.” The acquisition will give Monster a foothold in… Read more »
Chuckanut Releases Single Hop Lager Adeena
Chuckanut Brewery is constantly learning about the ingredients it uses and the Single HopLager series is an effort to understand how different hop varietals change a simple lager recipe.
IRI: Off-Premise Beer Category Dollar Sales Reach $44.3B in 2021
Total beer dollar sales in off-premise retailers reached nearly $44.3 billion in 2021, according to market research firm IRI. IRI, which tracks category-wide sales at major off-premise retailers, reported a -0.4% decline in off-premise spending compared to the same period in 2020, which ushered in massive shifts in consumer spending and behavior due to the COVID-19 pandemic.
Karbach Brewing and Houston Rockets Release Collab Beer
Karbach Brewing Co. and the Houston Rockets are announcing their new collaboration beer, Clutch City Lager, is now officially hitting store shelves across Houston.
Lawson’s Finest Debuts 2022 Beer Release Calendar
Craft beer fans across the Northeast are anticipating the return of their favorite Lawson’s Finest Liquids with the announcement of the brewery’s year-round distribution calendar.