The Reyes Beer Division has struck a deal to acquire Greenco Beverage in Greenville, South Carolina. Financial terms of the transaction were not disclosed. The deal is expected to close on September 24.
Beverage alcohol sales at some convenience stores have begun to decelerate as the on-premise channel reopens, Goldman Sachs analyst Bonnie Herzog reported in her Q2 “Beverage Bytes” survey of c-store retailers. Half of survey respondents reported no impact to alcohol sales during the July 4 holiday weekend. Meanwhile, 33% reported a moderate negative impact, and 17% reported a significant moderate impact.
Katee McGee suggested her husband Kevin stop his home winemaking attempts and instead try brewing beer in 2007.
The Beer Institute (BI) today announced the hire of Danelle Kosmal as vice president of research. Kosmal will join the trade association — which represents the interests of brewers, importers and beer industry suppliers — in late August.
Oskar Blues founder Dale Katechis will join Colorado-based cannabis company Veritas as a partner who “will play an active role in strategic growth initiatives for the brand,” a spokesperson told Brewbound. Katechis founded Oskar Blues in Lyons, Colorado, in 1997. The brewery grew to become the 14th-largest craft brewery by volume in the U.S. in 2015, when Fireman Capital Partners acquired a majority stake in it.
Connecticut Gov. Ned Lamont this week announced the reduction of taxes on beer by 16.7%, effective July 1, 2023.
Over two years after cannabis industry investment firm SOL Global took a minority stake in Jones Soda, the Seattle-based craft soda maker is finally preparing to launch infused edibles and beverages.
Boston Beer Company and Beam Suntory today announced a joint venture to extend two of the companies’ most popular brands — Truly Hard Seltzer and Sauza tequila — across categories.
The Brewers Association (BA) board of directors is making clear its opposition to spirits groups’ tax equalization efforts, as well as its stance on climate change in a pair of recently approved “position statements.”
Beer industry depletions (sales-to-retailers) volumes tracked by beverage alcohol invoicing and logistics firm Fintech have increased 9% year-to-date through Week 27 compared to the same period last year, National Beer Wholesalers Association chief economist Lester Jones and Fintech director of distributors Jim Kallies shared yesterday during a quarterly review of the industry’s performance.
Senate Majority Leader Chuck Schumer introduced draft legislation today that would federally decriminalize marijuana.
Veryvell, the line of CBD beverages and drops from Truss CBD USA, the joint venture backed by Molson Coors and Canadian cannabis company HEXO, will roll out to on- and off-premise retailers throughout Colorado. “Expanding territory and expanding the portfolio is signaling success and we’re really excited about it,” Truss CBD USA general manager Jane Armstrong Hockman told Brewbound.
Ready-to-drink (RTD) canned cocktails’ share of Drizly sales is growing at 15 times the rate of hard seltzer, according to e-commerce alcohol marketplace Drizly’s 2021 Consumer Report.
President Joseph R. Biden issued an executive order last week, which he said during a press briefing would “help restore competition so that we have lower prices, higher wages, more money, more options, and more convenience for the American people.”
