Irwin Simon, CEO of global cannabis firm Tilray, joins Brewbound Frontlines to discuss the company’s ambitions within the craft beer space following the acquisitions of the Green Flash and Alpine brands, the expansion of SweetWater, and the potential for cannabis legalization with the current Congress.
Craft brewers are optimistic for 2022, with 76% expecting sales growth this year, according to a survey by Arryved POS.
Night Shift Brewing Company’s distribution partnership with the Sheehan Family Companies is helping the Everett, Massachusetts-headquartered craft brewery fill out the northeast. Earlier this month, Sheehan subsidiary Craft Vermont began distributing Night Shift’s offerings in the Green Mountain State.
Social media posts by Josh Stylman, the CEO of Brooklyn-based Threes Brewing, drew backlash earlier this week after he called New York City’s vaccine mandate and others like it “a crime against humanity” and those who don’t speak out against them “a conspirator.”
Cannabis-infused social tonic brand Cann has closed a $27 million Series A funding round, the company announced today, setting the stage for expansion into Canada and bringing a crew of new celebrity investors into the fold.
Boston Beer Company has “many different ways” to reach the 4%-10% growth range it is targeting for 2022, even if Truly Hard Seltzer fails to grow amid the continued slowdown of the hard seltzer segment, CEO Dave Burwick said during the company’s fourth quarter and full-year earnings call.
Heineken NV reported its full-year 2021 earnings Wednesday, giving a picture into the state of its U.S. business. The Dutch brewing giant’s Heineken USA division posted low-single digit beer volume growth in 2021. However, the company recorded a nearly $231 million impairment charge related to Lagunitas.
The Brewbound team is joined by Selling Craft Beer’s Sean McNulty to discuss several brewery closures, including Modern Times’ plans to shutter four locations, the rumored deal between Constellation Brands and energy drink maker Monster, and the Treasury’s report on competition in the alcohol industry.
Mass. Bay Brewing Co. will look to the Harpoon League brand family — including Rec. League hazy pale ale and Big League hazy double IPA — to drive growth in 2022.
Boston Beer Company’s full-year net revenue reached a record $2.058 billion, an 18.5% increase over 2020, the company reported today. However, the news coming out of the company’s Q4 earnings report wasn’t all rosy, with the effects of the hard seltzer slowdown dragging down the company’s results.
Anheuser-Busch InBev will merge its High End and Brewers Collective sales teams, chief commercial officer Kyle Norrington announced to wholesalers today.
Boston Beer Company executive salaries for 2022 were shared in a U.S. Securities and Exchange Commission filing Tuesday. The company also announced that its top executives would forego bonuses for fiscal year 2021.
Woburn, Massachusetts-headquartered Lord Hobo Brewing is planning to build a taproom in Tampa, Florida, according to a post on a Tampa community group’s Facebook page.
Shipments from Mass. Bay Brewing Company – whose portfolio includes Harpoon Brewery, UFO Beer Co., Clown Shoes Beer, City Roots Cider and Arctic Chill Hard Seltzer – declined -10% in 2021, marking a second consecutive year of double-digit production declines, according to estimates from the Brewers Association (BA).
