In this week’s edition of Last Call: Lyft collaborates on a Chicago beer release; Molson Coors acquires a U.K. cider maker; Modern Times begins production in Oregon; Crazy Mountain vacates its Edwards taproom; and more news.
Twenty-five years after Greg Kelly started Red Brick Brewing Company — then known as Atlanta Brewing Company — the company is looking re-establish its position in metro Atlanta by revamping its portfolio to include new core products and more taproom exclusive beers.
Just five months after selling to Constellation Brands, Funky Buddha Brewery is seeing the benefits of its new partnership. The South Florida craft brewery will take advantage of brewing and canning capacity at Ballast Point, another Constellation-owned company, and launch its product in cans for the first time.
Brown Distributing, a Florida-based beer wholesaler that sells a variety of domestic, imported and craft beers throughout the state, will sell certain parts of its distribution business in western Florida, Brewbound has learned. The company, which lists beer, wine, spirits and non-alcoholic products from about 75 suppliers on its website, began informing craft brewery owners throughout the country of its decision to reassign the distribution rights to some brands on Tuesday night.
Beer industry veteran Chris McJunkin, who most recently served as the chief revenue officer for BrewDog USA, will take an equity position in Atlanta’s Scofflaw Brewing when he officially joins the company at the end of the first quarter.
Three days after sales of recreational cannabis began in California, U.S. Attorney General Jeff Sessions issued a memo calling for a stricter enforcement of federal marijuana laws and, in the process, rescinded Obama-era Department of Justice protections for legal cannabis that was included in the 2013 Cole Memorandum. Brewbound polled beer industry professionals from all three tiers, and most suggested that legalized recreational marijuana would have little impact on beer sales.
Constellation Brands reported its third-quarter fiscal 2018 earnings Friday, which were highlighted by 9.1 percent growth in beer depletions (sales-to-retailers) and a 5.9 percent increase in shipments over the comparable three-month period.
Former First Beverage Group director JB Shireman has joined Arlington Capital, the Alabama-based investment bank announced today. Shireman, who departed First Beverage at the end of 2017, will serve as a director with Arlington and “further bolster” the firm’s craft beverage advisory business, a press release noted.
Ten months after Pabst Brewing Company terminated agreements with three Washington wholesalers, an arbitrator has determined that Columbia Distributing — which was awarded the distribution rights to several Pabst brands last February — owes a combined $21.2 million to The Odom Corporation, Craig Stein Beverage, and Marine View Beverage.
After slashing 10 percent of his workforce at the end of last year, Summit Brewing founder Mark Stutrud said his company is heading into 2018 with an increased focus on selling more sessionable core products while simultaneously strengthening its local presence in Minnesota.