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| Courtesy of Speakeasy Ales & Lagers |
Speakeasy
Ales & Lagers has been forced to immediately cease brewing,
packaging, and tap room operations at their San Francisco brewery for an
indefinite period of time. Difficulty securing capital investment and
outstanding debt obligations led to this difficult and painful decision.
The company’s primary creditor will determine the future of the brewery
and brand, and no decision or further information is available at this
time.
According
to Speakeasy founder and CEO, Forest Gray, “The brewery has worked with
multiple investment banking groups and have had numerous meetings. One
fact has become central to the process, and that is the company is
financially insolvent and requires new capital to move forward. Whether
that will happen is unclear, but I do hope the brewery and brand will
persist.”
Speakeasy would like to thank all of the wonderful customers, distributors, vendors, and retail partners who have supported the brewery, as well as current and former staff for their hard work and dedication. The remaining inventory of Speakeasy Ales & Lagers beer has been shipped to distributors and will be available in local and international markets while supplies last. Grab a six-pack of Big Daddy IPA or any other Speakeasy beer to savor the history of this pioneering brewery.
Speakeasy would like to thank all of the wonderful customers, distributors, vendors, and retail partners who have supported the brewery, as well as current and former staff for their hard work and dedication. The remaining inventory of Speakeasy Ales & Lagers beer has been shipped to distributors and will be available in local and international markets while supplies last. Grab a six-pack of Big Daddy IPA or any other Speakeasy beer to savor the history of this pioneering brewery.
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