FinTechFunding

Mighty Craft: Secures $0.5M grant for Kangaroo Island Spirits

  • Mighty Craft (MCL) and subsidiary Kangaroo Island Spirits (KIS) have received $500,000 from the South Australian Tourism Commission (SATC) to develop its new distillery
  • The companies intend to use the grant to upgrade the Kangaroo Island Distillery in Cygnet River, Kangaroo Island
  • The development plans said to include an improved cellar door and an immersive experience at the distillery, which will showcase the KIS brand
  • The planned upgrades will improve the distillery’s cellar door, add an immersive experience at the distillery and bring production capacity to more than 200,000 bottles
  • The SATC also says Kangaroo Island isa premium tourism destination in South Australia, and this project will promote the region and attract additional visitors
  • Mighty Craft trading flat at 35 cents a share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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