Infrastructure challenges and venue closures affected after-tax results at Mighty Craft, but the accelerator remains confident that growth will continue.
Slipstream Brewing Co
Craft accelerator Mighty Craft reported continued losses balanced with record quarterly revenue growth, saying that its RTD and Spirits segments are key drivers.
Revenues grew but losses increased at accelerator Mighty Craft after a huge year of growth, as the business looks to bolster its brewery portfolio in the coming years.
Slipstream Brewing founders Deale and Elisa Stanley-Hunt have unveiled plans for a $1.5 million extension and upgrade of their Brisbane brewpub.
Mighty Craft (formerly Founders First) said Jetty Road would be exiting from South Melbourne venue plans and that it now has the option to take a majority stake in Slipstream.
Ahead of Indie Beer Day, Wellers Hill Bowls Club in the Brisbane suburb of Tarragindi is transforming itself into a bastion of independent beer.
News briefs from deeds Brewing, Pink Boots Society Australia, Retail Drinks and Retail Drinks, as well as and regulatory news from WA, NSW and QLD.
The Beermuda Triangle experience will see three breweries come together with over thirty beers, along with food and entertainment on March 14th, 2020.
As an IPO looms for the craft accelerator Founders First, in which it hopes to raise $17.5 million, CEO Mark Haysman discusses its stock market debut, inner workings and ethos.
Hot on the heels of craft accelerator Founders First’s investment in Ballistic Beer, it has partnered up with another Queensland brewery, Slipstream Brewing Co in Yeerongpilly.