Craft Beer

Tilray Brands’ bev-alc net revenue increased +137%, to $76.7 million in Q4 fiscal year 2024 (FY24), as the global cannabis firm and “lifestyle brand” closed out its first year with the eight beverage brands it acquired from Anheuser-Busch InBev (A-B).

Total craft trends improved slightly in the last four weeks (ending July 14), with dollar sales declining -4.8% year-over-year (YoY) and volume -6.4% in Circana-tracked off-premise channels (total U.S. multi-outlet plus convenience), according to the market research firm’s latest monthly report.

Cincinnati, Ohio-based Urban Artifact Brewing has filed a lawsuit against Pennsylvania Liquor Control Board (PLCB) chairman Tim Holden and Pennsylvania State Police commissioner Col. Christopher Paris alleging the state “enforce[s] cost-prohibitive trade barriers on out-of-state breweries” and those barriers “prevent out-of-state breweries from competing freely with in-state breweries in violation of the dormant Commerce Clause.”

In the latest edition of A Round With – Brewbound’s Insider-exclusive Q&A series with industry leaders – we caught up with Matt Smith, founder of Beverly, Massachusetts-based Wandering Soul Beer Co.

Massachusetts-based Exhibit A Brewing has closed its Framingham brewery and taproom, and will move operations more than 90 miles west to Williamsburg, the craft brewery announced this week.

Craft volume is down an estimated -2% through the first six months of 2024, according to Brewers Association (BA) chief economist and VP of strategy Bart Watson in his annual midyear webinar Tuesday.

Monster Brewing-owned Cigar City has debuted new packaging for its flagship Jai Alai IPA. The new artwork features Jai Alai in larger, brighter font. Refreshed cans of Jai Alai in 12 oz., 16 oz. and 19.2 oz. sizes, as well as 6- and 12-pack cartons, are rolling out “this summer.”

Great Lakes Brewing Co. is continuing to expand distribution of its craft beers more than 36 years after its founding.

Short’s Brewing is celebrating two decades in Bellaire, Michigan this year. The craft brewery makes a range of beers, from its flagship Local’s Light, to Bloody Beer, a Bloody Mary-inspired beer, and produced nearly 44,000 barrels of beer in 2023, according to the Brewers Association.

The city of Asbury Park is inextricably linked to its musical history (if you like Bruce Springsteen, you should thank it), and its eponymous brewery is no different. Asbury Park Brewery founder Bob McLynn first encountered beer culture while touring Germany with his band, and founded Crush Management, which represents artists such as Green Day, Lorde, Miley Cyrus and Fall Out Boy.

The number of craft beer drinkers who are drinking less craft beer than they were a year ago has surpassed the number of those who are drinking more for the first time since the Brewers Association (BA) started asking this question in its annual poll in 2015. BA chief economic and VP of strategy Bart Watson and staff economist Matt Gacioch shared the findings of the BA’s ninth annual Harris Poll during a Thursday webinar. Nearly 2,100 legal-drinking-age Americans were surveyed about their drinking habits.

Although beer has started to get a summer boost, producer and brand performances within the category were mixed in the last four weeks, according to the latest off-premise scans report from market research firm Circana.

Popular and controversial social media platform TikTok recently opened advertising on its platform to beverage-alcohol brands in the United States, due in part to its user base aging up.

Artisanal Brewing Ventures (ABV) has laid off about two dozen employees, Brewbound has learned. The craft rollup – which includes Victory Brewing, Southern Tier, Sixpoint Brewery and Bold Rock Cider – primarily eliminated jobs in sales, according to a person with direct knowledge of the situation.