Devil’s Elbow has cancelled a proposed equity crowdfunding campaign “for a variety of reasons” including finding alternative private investors.
One-year-old Dubbo brewery Devil’s Elbow is aiming for 1 million litres with an investment through equity crowdfunding on the Birchal platform.
Melbourne’s Hawkers Beer launched a $1.1 million equity crowdfunding campaign today to fund a taproom development and increased capacity.
Victoria brewhouse Holgate is looking to expand capacity to 2.5 million litres a year by investing in packaging and production equipment following a round of equity crowdfunding.
Liquor licensing regimes in Western Australia and South Australia are hindering companies thinking about equity crowdfunding in those states, according to industry players including law firm partner Jessica Patterson.
Melbourne’s Dainton Brewery is the latest craft brewery in Australia to announce its intention to launch an equity-based crowdfunding campaign.
Australian equity crowdfunding platform Birchal has responded to criticisms of the investment vehicle raised in the UK, saying they did not apply to the Australian market.