Capital Discipline: Why Smart Breweries Have Rethought Cash-Dependant Growth Strategies

Courtesy Local Time Brewing

For much of the craft beer boom in the last 10-15 years, access to capital was often tied to a singular goal: expansion.

New tanks, larger facilities and additional taprooms were the common signals that a brewery had arrived and investors frequently viewed the category as a near-guaranteed growth story.

Today, that narrative has shifted.

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