Followers | 680 |
Posts | 141122 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Thursday, January 13, 2022 12:24:51 PM
By: Reuters | January 13, 2022
Energy drinks maker Monster Beverage Corp (NASDAQ:MNST) said on Thursday it had agreed to buy craft beer and hard seltzer maker CANarchy Craft Brewery Collective Llc for $330 million in cash, marking its entry into the alcoholic drinks market.
Monster said the deal would add alcoholic brands Cigar City, Oskar Blues, Deep Ellum, Perrin Brewing, Squatters and Wasatch brands to its beverage portfolio and not include CANarchy's restaurants.
Monster co-Chief Executive Officer Hilton Schlosberg said the deal was a "springboard" for the company into the alcoholic beverage space.
"The acquisition will provide us with a fully in-place infrastructure, including people, distribution and licenses, along with alcoholic beverage development expertise and manufacturing capabilities in this industry."
The deal is expected to close in the first calendar quarter this year, with CANarchy functioning independently led by its top boss Tony Short.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent MNST News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/07/2024 07:24:10 PM
- Monster Beverage Reports 2024 First Quarter Results • GlobeNewswire Inc. • 05/02/2024 08:04:00 PM
- Monster Beverage to Report Financial Results for 2024 First Quarter on May 2, 2024 • GlobeNewswire Inc. • 04/26/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 11:38:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/05/2024 12:23:42 AM
- Snowflake Stock Plummets 20.3% After CEO Transition; C3.ai, Okta, and Duolingo Surge Post-Strong Quarterly Reports, and More • IH Market News • 02/29/2024 11:09:45 AM
- CORRECTION – Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results • GlobeNewswire Inc. • 02/29/2024 04:11:01 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/29/2024 02:49:13 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 09:28:15 PM
- Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results • GlobeNewswire Inc. • 02/28/2024 09:10:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/24/2024 01:49:24 AM
- Monster Beverage to Report Financial Results for 2023 Fourth Quarter on February 28, 2024 • GlobeNewswire Inc. • 02/21/2024 09:00:00 PM
- Monster Beverage Corporation’s CANarchy Craft Brewery Collective to Operate as Monster Brewing Company • GlobeNewswire Inc. • 01/31/2024 06:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 09:07:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 09:36:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 09:36:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 09:36:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 09:35:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 09:34:50 PM
- Monster Beverage Announces Webcast Details for Investor Meeting/Business Update January 16, 2024 • GlobeNewswire Inc. • 01/08/2024 10:47:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 11:13:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/29/2023 11:00:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/29/2023 10:58:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/16/2023 12:31:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/16/2023 12:29:32 AM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM