- Mighty Craft (MCL), formerly Founders First (FFL), will invest $1.5 million into beverage company Slipstream
- The purchase will see the company own 61 percent of the Brisbane brewery
- The funds will used to launch a new Brewpub onsite in Brisbane, which will expand the capacity at the brewery and invest in brand marketing and innovation
- Slipstream grew its business by over 69 percent in the first quarter despite COVID-19, making it Mighty Craft’s best performing brand
- Once production equipment installed, the capacity of Slipstream will increase to over 1 million liters
- On market close, Mighty Craft is up 1.35 percent and is trading for 37.5 cents per share
