Articles Tagged with 'Expansion'

Valuing Itself at $264 Million, Modern Times Seeks $1 Million via Wefunder

Valuing Itself at $264 Million, Modern Times Seeks $1 Million via Wefunder

San Diego’s Modern Times has turned to crowdfunding in an effort to raise more than $1 million, which it says will be allocated for the continued operation of its business, “minor efficiency projects” and equipment purchases, and continued expansion. In the process of posting the equity crowd raise via the Wefunder platform, the company has provided future investors and others throughout the beer industry with a peek under the hood of one of the fastest-growing craft breweries in the U.S.

With New Production Facility, Reuben’s Brews Targets 21,000 Barrels in 2019

With New Production Facility, Reuben’s Brews Targets 21,000 Barrels in 2019

Fast-growing, Seattle-based Reuben’s Brews is hoping a newly opened production facility will finally help the company meet demand for its beer. Over the weekend, the 7-year-old craft brewery officially opened an 11,000 sq. ft. brewery and taproom in Seattle’s Ballard neighborhood.

31-Year-Old Santa Fe Brewing Grows 30-Plus Percent in 2018

31-Year-Old Santa Fe Brewing Grows 30-Plus Percent in 2018

Santa Fe Brewing Company’s focus on its home state of New Mexico and a smaller distribution footprint paid off in 2018. The 31-year-old craft brewery’s sales grew 47 percent in its home state last year — and 37 percent across its eight-state territory — according to vice president of sales and marketing Jarrett Babincsak.

Canopy Growth Corporation to Invest Up to $150 Million in New York Production Facility

Canopy Growth Corporation to Invest Up to $150 Million in New York Production Facility

Less than a month after the signing of the 2018 Farm Bill, Canadian cannabis company Canopy Growth Corporation has announced plans to invest up to $150 million to establish its first U.S. production facility in New York state. Earlier this week, Canopy announced that the Empire State had granted it a license to begin processing and producing hemp. In a press release, Canopy said it would invest between $100 million and $150 million to build a U.S. operation in New York’s Southern Tier.

Canarchy Craft Brewery Collective to Open Asheville Brewpub

Canarchy Craft Brewery Collective to Open Asheville Brewpub

The Canarchy Craft Brewery Collective today announced plans to open a brewpub — in Asheville, about 30 miles north of Oskar Blues’ production facility in Brevard. Dubbed “The Canarchy Collaboratory,” the new outpost will occupy the soon-to-close Lexington Avenue Brewery (LAB) space.

Lagunitas CEO Discusses Mid-Year Growth, International Expansion Plans

Lagunitas CEO Discusses Mid-Year Growth, International Expansion Plans

Midway through 2018, Lagunitas Brewing Company is the only top five U.S. craft beer brand gaining dollar share, according to CEO Maria Stipp. Speaking to Brewbound, Stipp shared the company’s results through the first half of 2018, noting that Lagunitas ranks fourth in dollar share (up 4 percent) and sixth in volume (up 5 percent) through July 14, according to data from market research firm Nielsen.

Deschutes Completes Land Purchase in Virginia

Deschutes Completes Land Purchase in Virginia

More than two months after reworking plans for a second brewing facility in Virginia, Oregon’s Deschutes Brewery today announced it has finally closed on a long-anticipated $3.2 million deal to acquire 49 acres of land in Roanoke.

Asheville’s Hi-Wire Brewing to Open Taproom in Durham, North Carolina

Durham, NC has always been a dream destination for Hi-Wire Brewing owners Chris Frosaker and Adam Charnack. Alive with an eccentric culture, a booming music and arts scene, endless boutique restaurants, and an active political community, Durham, NC has always seemed like a natural fit for the Asheville, NC-based brewery.