Acquisitions and COVID continue to impact Mighty Craft, but following a $5.8 million raise and the lifting of lockdowns in NSW and Victoria, the accelerator is optimistic.
Mighty Craft
Sale and leaseback for Jetty Road site
The craft accelerator and hospitality business Mighty Craft has agreed to sell the freehold of Jetty Road’s Dromana site in a leaseback deal.
The Mighty Hunter Valley to sell but Foghorn stays on
As part of a shift in Mighty Craft’s retail strategy, the company is selling its Hunter Valley venue, but incumbent brewers Foghorn Brewery are staying on.
Mighty Craft bullish despite losses
Infrastructure challenges and venue closures affected after-tax results at Mighty Craft, but the accelerator remains confident that growth will continue.
Mighty Craft to launch zero-carb beer
Mighty Craft is undertaking a rights issue to help raise $1.4 million to launch a zero-carb beer Better Beer, with social media influencers Inspired Unemployed.
Brews News Week #322 Just Observations
This week on the podcast, the team discuss Lion’s decision to sell off major assets, the rise of private label beer and a big social media misstep.
Mighty Craft buys Mismatch Brewing Co.
In a deal worth $47 million, Mighty Craft has acquired the Adelaide Hills Group, owner of Mismatch Brewing Co. as it looks to grow overall capacity and become the country’s biggest craft spirits producer.
The Mighty Mini Festival
As part of Good Beer Week, The Mighty Moonee Ponds is holding its first mini-festival featuring beers from Jetty Road, Sauce, Ballistic, Slipstream, Foghorn and Sparkke on 15th May.
Brews News Week #316 An Observation Not A Criticism
This week on the podcast, the team discuss Stone & Wood’s expansion plans and the latest news from the 2021 hop report.
Record revenue growth for Mighty Craft
Craft accelerator Mighty Craft reported continued losses balanced with record quarterly revenue growth, saying that its RTD and Spirits segments are key drivers.