Beer maker BrewDog defends $100 million valuation and fundraising
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âPunkâ beer maker BrewDog has defended itself against criticism over a $10 million capital raise in Australia using a crowdfunding platform which values the brewer at $100 million.
BrewDog is seeking to raise $10 million for 10 per cent of its business through an offer information statement promoted through the crowdsourced funding platform OnMarket.
While critics claim the business is overvalued and investors are buying into an expensive fan club the cult Scottish brewer said the shares are âreal equity sharesâ and investors do get a piece of the business.
LANGFORD V2V Black Hops Brewing is a locally owned brewery in the West Shore. It’s an establishment owned by a veteran that’s known for donating a portion of its profits to organizations that help veterans suffering from post-traumatic stress disorder. Now, the brewery is the one that’s in need of help. “You know, I’m looking at potential bankruptcy or filing a consumer proposal if I don’t make this,” said Graham Hafey, owner of V2V Black Hops Brewing in Langford. V2V Black Hops is in jeopardy of having to close its doors for good as it can’t qualify for crucial government COVID-19 relief funding, even though its owners believe it should.