Canadian cannabis operator Canopy Growth Corporation has entered a definitive agreement to acquire cannabis edibles maker Wana Wellness for $297.5 million, which will go into effect upon federal legalization of THC in the U.S.
Three quarters into 2021, craft beer dollar sales in off-premise retailers have declined -7.1% year-to-date through October 2 and that negative trend is mostly accelerating, according to a report from Bump Williams Consulting (BWC). Craft beer dollar sales declined -12.7% in Q2 and improved slightly to -12.5% in Q3, but there have been “no major improvements since cycling COVID,” BWC wrote
Doubling down in 2022 was the theme of yesterday’s Heineken USA (HUSA) national sales meeting. HUSA’s leadership team, including CEO Maggie Timoney, stressed the message as their big ask of their wholesaler partners next year. Timoney shared that the company has posted consistent share growth over eight months. “Heineken is back. Dos Equis is growing…. Read more »
All of Firestone Walker’s brand platforms have new news in 2022, including new IPAs, more cans, fruited beers and even a hard seltzer.
With national sales meetings and annual business plan presentations ongoing, the Brewbound team reconvenes to discuss new products on the way from major craft producers Sierra Nevada and Firestone Walker — including a lifestyle tea brand, fruit beers and a hard seltzer.
As craft-focused wholesaler Night Shift Distributing (NSD) winds down operations in Massachusetts, non-alcoholic brewer Athletic Brewing will transition to the Sheehan Family Companies in the Bay State, effective October 18.
Uber has completed its acquisition of the alcohol delivery platform Drizly for $1.1 billion, consisting of 18.7 million shares of Uber common stock, plus cash.
Firestone Walker Brewing Company is sailing into 2022 “with the wind at our back,” co-founder David Walker said in an intro video to the company’s annual business plan presentation, streamed virtually to distributor and retailer partners late last month. Current projections place the Paso Robles, California-headquartered craft brewery finishing 2021 up about +20%, Walker said, despite the continued challenges of the pandemic.
On-Premise Update: Seasonal Trends Mirror 2019, CGA Says; Volume, Rate of Sale Continue to Growth, Via BeerBoard
After a decade of operations, Due South Brewing Co. in Boynton Beach, Florida, will permanently close its taproom December 19 and cease distribution of its offerings later this year.
The near future for Sierra Nevada will see the Chico, California craft brewery launch an upscale “lifestyle” hard tea brand and once again line extend the Little Thing family with a wheat beer.
The parent company of Oyster City Brewing Company has signed a purchase agreement to acquire the assets of Catawba Valley Brewing Company. Made by the Water, a portfolio company of family office Wiregrass Equity Partners, which owns Oyster City, will acquire the assets of Catawba Valley, including Catawba Brewing in North Carolina, Palmetto Brewing in South Carolina, the Twisp Southern Hard Seltzer brand that launched in 2019.
Neighbors of Tree House Brewing Company’s Cape Cod taproom and the company have reached an agreement about on-site operations, according to a report in the Cape Cod Times.
New Glarus Brewing co-founder and president Deb Carey has filed a lawsuit against the law firm that sued her in August on behalf of three minority investors, as well as several unnamed media outlets that ran a press release provided by the firm.
