Beginning Monday, March 14, 2022 Switchyard Brewing Company, located in the growing college town of Bloomington–just a few blocks from the Indiana University Campus–will begin accepting Bitcoin cryptocurrency in their downtown taproom for all orders.
Boston Beer Company announced the exit of one of its top executives, as well as offered a deep dive into its business across a pair of filings with the U.S. Securities and Exchange Commission Tuesday evening. In an 8-K filing, Boston Beer reported that Quincy Troupe, senior VP of supply chain, tendered his resignation on February 21.
Boston Beer Company executive salaries for 2022 were shared in a U.S. Securities and Exchange Commission filing Tuesday. The company also announced that its top executives would forego bonuses for fiscal year 2021.
Lower than expected wholesaler inventory builds of Truly Hard Seltzer in the fourth quarter, as well as increased supply chain costs, have led Boston Beer Company to revise downward its shipment, gross margin and earnings per share projections for full-year 2021, according to a Form 8K filed with the U.S. Securities and Exchange Commission Thursday afternoon.
SweetWater Brewing parent company Tilray paid $5.1 million in cash and stock to acquire Green Flash Brewing and Alpine Beer Company last month, financial forms filed with the U.S. Securities and Exchange Commission showed. A purchase price of $5,133,000 for the San Diego-headquartered craft brands values their combined 2020 output of 34,000 barrels at $150.97… Read more »
Global cannabis firm Tilray generated $513 million in net revenue — a 27% increase year-over-year — during the company’s 2021 fiscal year, which ended May 31, the company reported last week.
Denver Beer Co. is joining the NFT scene.
Heineken USA today announced a pair of sports sponsorships — including the company’s first National Football League partnership — signaling the company’s ongoing interest in building its business with professional sports leagues, teams and arenas. However, the company remains embroiled in what started as a trademark infringement lawsuit and has evolved into a trade practice dispute between the Duch beer giant and Miami-based Biscayne Bay Brewing centered around the latter’s now terminated sponsorship with the Inter Miami MLS team.
Boston Beer Company announced a truly sweet round of bonuses for its top executives last week, as well as their 2021 salaries. The SEC filing also revealed that Boston Beer hired consulting firm Frederic W. Cook & Co. last year to review the total compensation being paid to CEO Dave Burwick.
The Boston Beer Company has added Dogfish Head co-founder Sam Calagione and Snap Inc. (Snapchat) chairman Michael Lynton to the company’s board of directors. Philadelphia-headquartered GoPuff, essentially an on-demand delivery service for products ranging from snacks to alcohol, recently completed a $380 million funding round that takes the company’s valuation to $3.9 billion. And more news bites.
Citing an influx of advertising touting the health benefits of certain alcoholic beverages, the U.S. Department of the Treasury’s Alcohol and Tobacco Tax and Trade Bureau (TTB) published a memo warning producers to stop making such claims.
The effects of the COVID-19 pandemic were easy to see in Craft Brew Alliance’s latest earnings report. Shipments of CBA products during the three-month period ending June 30 — in the thick of the pandemic and its shut down of on-premise establishments — declined 10.2%, to 206,900 barrels, down from 230,500 barrels in Q2 2019.
After only five years, TUPPS Brewery has outgrown its current location and will expand from 17,000 square feet to over 40,000 square feet on a 4.3-acre campus in the Historic Mill District of Downtown McKinney.
Craft Brew Alliance (CBA) and Anheuser-Busch InBev’s proactive attempt to remove regulatory roadblocks by reaching an agreement to sell off Kona Brewing’s operations in Hawaii will come with a $16 million price tag for prospective buyer PV Brewing Partners.
