Canada’s oldest and largest independent brewery is getting into the cannabis business. Moosehead Breweries Limited and Sproutly Canada, which aims to become the leading supplier of water-soluble cannabis solutions, yesterday announced their intent to form an exclusive joint venture that will develop, produce and market cannabis-infused beverages.
Worldwide sales of Molson Coors offerings in the first quarter declined 1.2 percent, to $2.3 billion, the company reported today. Molson Coors reported a 4.7 percent decline in worldwide brand volumes, to 18.2 million hectoliters. Nevertheless, the company’s net sales per hectoliter increased 2.3 percent through March 31.
A growing number of U.S. craft breweries are not locking in long-term hops contracts and that leaves those companies vulnerable as supply tightens, according to industry trade group the Brewers Association (BA), which surveyed 250 members to gain insight into how beer makers are managing one of the industry’s most important raw materials.
Longtime New Belgium Brewing spokesman Bryan Simpson will depart the company on May 10, Brewbound has learned. Leah Pilcer-Pitman, who most recently served as New Belgium’s director of retail development and strategy, will supplant Simpson as director of communications.
In the latest edition of Press Clips: The Boston Globe outlines the turmoil within the Craft Beer Cellar franchise; Texas beer-to-go sales amendment passes the House; Arcadia founder transfers brewery property ownership to its bank; and Anheuser-Busch responds to MillerCoors’ corn syrup lawsuit.
For the third consecutive year, Pennsylvania produced more craft beer than any other state in the nation, Brewers Association chief economist Bart Watson shared during the Brewers of Pennsylvania’s annual Meeting of the Malts gathering in Hershey, Pennsylvania.
Boston Beer Company’s first-quarter shipments increased 32.5 percent, to a record 1.1 million barrels, in an effort to supply its wholesalers with about six weeks of Truly Hard Seltzer ahead of the summer selling season.
Craft Brew Alliance (CBA) has agreed to settle a years-long class action lawsuit over alleged “false and deceptive advertising” of its Kona Brewing beer brand. In an SEC filing, the publicly traded Portland, Oregon-based craft beer company said it expects to incur costs of about $4.7 million to settle the dispute, which surfaced in early 2017.
In episode 33 of the Brewbound Podcast, we rebroadcast this month’s Brew Talks conversation on diversity and inclusion with Jackson-Beckham; Founders Brewing diversity and inclusion director Graci Harkema; and Bow & Arrow Brewing founder Shyla Sheppard.
More than 300 beer industry professionals gathered at Cervantes’ Masterpiece in Denver, Colorado, earlier this month to partake in conversations around the emerging health and wellness segment within beer, as well as the importance of becoming a more diverse and inclusive industry. Videos of the evening’s two panel discussions are now available for playback on the Brewbound YouTube channel.
Two quarter-century-old beer companies are merging in an effort to remain competitive amid increasing pressure from small and large players alike. Mammoth Lakes, California-based Mammoth Brewing Company has reached an asset purchase agreement with Reno, Nevada-based Great Basin Brewing Company.
After operating for nearly a year without a CEO, the Canarchy Craft Brewery Collective has appointed long-time beer executive Tony Short to its top leadership post. The Fireman Capital-backed brewery consortium — whose brands include Oskar Blues, Cigar City, Deep Ellum, Perrin Brewing, Three Weavers, and Utah Brewers Cooperative (Wasatch and Squatters) — had been without a chief executive since last May, when David Pillsbury exited the company after about six months on the job. At the time, Canarchy promoted chief operating officer Matt Fraser to the role of president.
Former Anheuser-Busch InBev chief marketing officer Miguel Patricio has been tapped to lead The Kraft Heinz Company as its next CEO. Patricio, who will supplant outgoing Kraft Heinz CEO Bernardo Hees on July 1, 2019, spent about two decades with A-B InBev.
Weyerbacher Brewing Company today announced the sale of a majority stake in the company to 1518 Holdings LLC, a Philadelphia-based private investment group. Speaking to Brewbound, newly named president Josh Lampe, who previously served as chief operating officer and has supplanted brewery founder Dan Weirback as the company’s leader, said 1518 Holdings had acquired a 55 percent stake in the 24-year-old business.
