Craft Collective Expands to Vermont, Picks Up Distribution Rights to Vermont Beer Makers

Independent wholesaler Craft Collective will expand to its fourth New England state next week when it launches operations in Vermont. Speaking to Brewbound, co-founder and CEO Adam Oliveri explained the impetus behind the expansion is a partnership with Vermont Beer Makers, who will sell the rights to their brands to Craft Collective after about a decade of self-distribution.

Austin Eastciders Appoints John Glick President and General Manager

Austin Eastciders has hired John Glick as its new president and general manager, the Austin, Texas-based cider-maker announced Thursday.

Tilray Takes on HEXO Debt, Opens Path For Equity Ownership

Two of Canada’s major cannabis producers are coming together after Tilray Brands agreed to take on $211 million of debt from HEXO, a resolution that will allow the latter brand to shake off its “crippling overhang” by providing Tilray with “significant equity ownership position,” according to a press release.

Brewbound Podcast: Kelly Meyer Explains How Not to Start A Damn Brewery

In the wake of several brewery closures, Kelly Meyer, host of the How Not to Start a Damn Brewery podcast, discusses his experience with starting and selling a struggling brewery. He also shares insights from other brewery owners who shuttered their businesses. Kate Bernot also joins the podcast to discuss her story on Modern Times’ willingness to entertain a buyer or investor.

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BDSA: Global Cannabis Sales Expected to Grow 22% in 2022

Legal cannabis sales worldwide are projected to rise 22% this year to over $35 billion, up from $29 billion in 2021, according to a report by Colorado-based cannabis market data supplier BDSA.

Breakthru Beverage Group Strikes Deal for J.J. Taylor’s Minnesota Beer Business

Breakthru Beverage Group has reached a deal to acquire J.J. Taylor Companies’ beer business in Minnesota, the companies announced today. Financial terms of the transaction were not disclosed. However, Breakthru expects the deal to close in the spring, pending customary closing conditions. Once closed, Breakthru will consolidate its beer portfolio into J.J. Taylor’s 600,000 sq…. Read more »