#employeeownership Archives – PorchDrinking.com
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).
There were big wins at the World Beer Cup, Green Flash is launching cans nationally, and Greg Koch announces a new craft beer investment company. For once, there’s no news of an AB-InBev buyout, which is reason to celebrate. Sit back, relax, and enjoy a cold one while you read all of the details in this edition of the Weekly Growler Fill.