Cann Goes to Canada, Closes $27M Series A Round

Cann Goes to Canada, Closes $27M Series A Round

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 Not Dependent on Truly Growth to Hit 4-10% Growth Projections, CEO Says

Boston Beer Not Dependent on Truly Growth to Hit 4-10% Growth Projections, CEO Says

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.

Brewbound Podcast: A Rash of Closures, A Big Rumor & The Treasury Report

Brewbound Podcast: A Rash of Closures, A Big Rumor & The Treasury Report

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.

Boston Beer Revenue Tops $2 Billion in 2021; Hard Seltzer Slowdown Drags Q4 Earnings

Boston Beer Revenue Tops $2 Billion in 2021; Hard Seltzer Slowdown Drags Q4 Earnings

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.