Canopy Growth Corporation Terminates Co-Founder and Co-CEO Bruce Linton

Canopy Growth Corporation Terminates Co-Founder and Co-CEO Bruce Linton

Canopy Growth Corporation (TSE: WEED) today announced that co-CEO Bruce Linton has stepped down as chief executive and board member. However, Linton, who co-founded the company in 2013, called into CNBC to clarify that he was fired from the world’s largest cannabis company.

Total Beer Dollar Sales Up Midway Through 2019

Total Beer Dollar Sales Up Midway Through 2019

A majority of Americans say beer is their alcoholic beverage of choice during the July 4 holiday, according to a survey commissioned by national trade group the Beer Institute (BI). The poll — conducted by Quadrant Strategies between June 21-25 — asked 1,000 legal-drinking-age adults which alcoholic beverage they’d be consuming or serving during Independence Day. Beer was the answer for 75 percent of the respondents.

Saint Louis Brewery Promotes Fran Caradonna to CEO

Saint Louis Brewery Promotes Fran Caradonna to CEO

The Saint Louis Brewery today named Fran Caradonna, who joined the company earlier this year, as its next chief executive officer. A 25-year industry veteran who co-founded the O’Fallon Brewery, Caradonna took over as chief financial officer and chief administration officer of the Schlafly Beer maker at the end of March.

Celis Brewery Files for Bankruptcy, Foreclosure Auction Canceled

Celis Brewery Files for Bankruptcy, Foreclosure Auction Canceled

Financially troubled Austin craft beer maker Celis Brewery has staved off an impending closure, for now. The company’s assets and property were set to be sold at auction on Tuesday, but a Chapter 11 bankruptcy filing submitted yesterday has protected Celis from losing its real estate and its brewing equipment.

Wachusett Brewing to Open Satellite Taprooms in Cambridge, Worcester

Wachusett Brewing to Open Satellite Taprooms in Cambridge, Worcester

In an effort to bolster sales of its beer at on- and off-premise retail accounts, Westminster, Massachusetts-based Wachusett Brewing Company is leaning into a taproom expansion strategy within its home state. The company today announced it would take over the former John Harvard’s Ale House located in the heart of Cambridge’s Harvard Square.

Press Clips: German Brewer Gilde Reveals US Expansion Plans

Press Clips: German Brewer Gilde Reveals US Expansion Plans

In this week’s Press Clips: German brewer Gilde reveals its U.S. expansion plans in North Carolina; Pennsylvania lawmakers lower brewery sales tax; North Carolina paves the way for alcohol sales at college sporting events; and more news.

Constellation Brands’ Shipments and Depletions Grow in Q1

Constellation Brands’ Shipments and Depletions Grow in Q1

Constellation Brands’ beer portfolio continues to drive the company’s growth. The multifaceted alcohol company today reported its first-quarter fiscal 2020 earnings, which were highlighted by a 5.4 percent increase in shipments (sales-to-wholesalers) and a 6.6 percent increase in depletions (sales-to-retailers) for the three-month period ending May 31.

US Supreme Court Strikes Down Tennessee Residency Requirement

US Supreme Court Strikes Down Tennessee Residency Requirement

Six months after hearing oral arguments in a constitutional challenge to Tennessee’s two-year residency requirement for obtaining a retail liquor license, the United States Supreme Court yesterday struck down a controversial stipulation that had prevented out of state retailers from setting up shop in the Volunteer State.

Brewbound Podcast Episode 42: John Dantzler on Buying Brewing Equipment at Bankruptcy Auctions

Brewbound Podcast Episode 42: John Dantzler on Buying Brewing Equipment at Bankruptcy Auctions

In episode 42 of the Brewbound Podcast, Dantzler discusses the ins and outs of bankruptcy buys and explains why he’s committed to opening a production brewery in Manhattan. He also discusses what’s leading to the uptick in distressed brewery sales, and shares how his business model has evolved over the last five years to accommodate for the current marketplace realities.

Brewers Association Takes Aim at Independence Day, Launches New Indie Seal Commercials

Brewers Association Takes Aim at Independence Day, Launches New Indie Seal Commercials

The Brewers Association wants to make July 3rd “National Independent Beer Run Day.” The national trade group supporting small and independent U.S. breweries wants to remind drinkers to buy beer from a small brewery ahead of the Fourth of July holiday and it has launched a digital campaign that includes video ads, audio spots and “summer-themed sponsored playlists” on Pandora Radio to do so.

Beer Institute Joins Lawsuit Against US Treasury

Beer Institute Joins Lawsuit Against US Treasury

A federal judge yesterday agreed to allow the industry trade group the Beer Institute (BI) to join a lawsuit filed by the National Association of Manufacturers (NAM) against a pair of federal agencies regarding the collection of so-called “duty drawback claims.”

APEX Act Reintroduced in US Senate

APEX Act Reintroduced in US Senate

The beer industry’s pushback against tariffs received a boost on Tuesday, as the U.S. Senate filed a companion bill that would increase the federal government’s regulatory authority of groups overseeing aluminum premium benchmarking, including the controversial “Midwest Premium.”