So I get Mark Brown’s industry newsletter, and there’s an article today about private equity firms investing in craft beer, which includes this line as to why breweries are accepting it.
"Moreover, there’s a quiet element of distress building in the market. Hellbender Brewing Co. in Washington filed for Chapter 11 protection this month, following the lead of Great Northern Brewing Co. in Texas the month before."
Who in the heck is Great Northern Brewing Company of TEXAS? I can’t find anything on a Google except postings of a bankruptcy proceeding at this link:
https://www.pacermonitor.com/public/case/19587648/Great_Northern_Brewing_Company#
Which _is_ in a Texas jurisdiction. Every other link is about the brewery in Montana, which is the only one I’d ever heard of.