Asahi Leader Discusses Octopi Deal, Goal of 850K+ Barrels Produced

Asahi Leader Discusses Octopi Deal, Goal of 850K+ Barrels Produced

Japanese brewing giant Asahi aims to reach 1 million hectoliters – more than 850,000 barrels – in production in the medium-term following its acquisition of Wisconsin contract producer Octopi Brewing. Victoria Segebarth, managing director of EMEA & Americas at Asahi Europe & International, discussed the company’s plans for Octopi’s facility in Waunakee, Wisconsin, the acquisition… Read more »

Tilray Bev-Alc Division Reports +117% Revenue Growth in Q2; Gross Margin Down -13%

Tilray Bev-Alc Division Reports +117% Revenue Growth in Q2; Gross Margin Down -13%

The beverage alcohol division of Canadian cannabis giant Tilray grew revenue +117%, to $46.5 million, in the second quarter of the company’s fiscal year compared to the same quarter last year, the company reported Tuesday. However, the division’s gross margin declined -13% year-over-year (YoY), to 34%, in the quarter, driven by Tilray’s acquisition of eight… Read more »

New Jersey Legislature Passes Brewery Operations Reform Bill

New Jersey Legislature Passes Brewery Operations Reform Bill

For the second time, New Jersey craft breweries are a signature away from having a stringent set of restrictions on their taproom operations removed.

Both houses of the state Legislature passed Senate Bill 4265 and Assembly Bill 5912, which would allow craft breweries to host “an unlimited number of on-premises special events and private parties.”