Modern Times Beer Further Cements Independence with Employee Ownership Program

July 7, 2017 | Tristan Chan

Over the past four years, Modern Times Beer has exploded on to the craft beer scene in a major way, growing from a production of 2000 barrels in their first year of existence, to over 40,000 barrels this past year. While many breweries who exhibit such a drastic growth pattern have eventually turned to outside funding to help further their endeavors, the San Diego-based brewery has chosen to go the route of employee ownership. Earlier today, Modern Times Beer announced that it has repurchased shares held by its initial investors and that 30% of shares will now be held in an employee stock ownership program (ESOP).

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