Overview
- Operations will wind down with a planned final day of Nov. 4, and the San Francisco brewpub near Oracle Park may close earlier.
- The company’s lender halted financing over an ongoing “cash bleed,” according to co-founder Nico Freccia.
- Sales have dropped about 20% each year since 2021, eroding the brewery’s ability to sustain operations.
- A recently announced pivot with a new CEO and an operating partner to ramp up contract production fell apart when funding was pulled.
- The move comes as craft beer faces shrinking demand, with U.S. brewery closures outpacing openings in 2024 and drinkers shifting to seltzers and ready-to-drink cocktails.