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HomeFinTechMighty Craft: Invests $1.5M in Brisbane brewery

Mighty Craft: Invests $1.5M in Brisbane brewery

Date:

  • 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

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