During apparent lull from major craft brewery deals, speculation kicked into higher gear this week. After apparently hearing comments from employees, users of Reddit started asking if Michigan’s Short’s Brewing had a deal to sell a stake to Heineken and/or Lagunitas. Hand-wringing aside, discussion noted relatively fast expansion of Short’s distribution territory following years of selling its beer only in MI. The co tweeted that “we don’t have anything to report at this time,” a sentiment taken up by Short’s partner Scott Newman-Bale. “We have no agreed upon deal at this time,” he told MLive. He acknowledged open attitude toward both potential deals and employee discussions about them, “but at this time, we have no announcement to make.” Recall, following deal to sell 50% stake to Heineken, Lagunitas has sought smaller US craft brewers to form more partnerships and alliances. It struck deals with handful of small brewers last yr.
Separately, BrewDog sent out letter to stakeholders informing them that the co’s “been undertaking discussion regarding a number of potential options to finance [its next stage of] growth.” Those options include another round of equity crowdfunding or a public offering, letter explains. It’s also talked with “a number of potential investors” and “is now in ongoing discussions” with one. Deal wouldn’t involve selling more than 30% of the co’s common stock, letter assures current shareholders. But the co does want to “ensure all necessary shareholder resolutions are passed” before details of deal finalized so it can “be in a position to move quickly” once they are. So with shareholder meeting set for end of the month, could be new-news for BrewDog as its US brewery inches toward completion.