Athletic Brewing, largest non-alcoholic brewery in America, raised $50 million in equity financing
Doubled valuation to $800 million
Funds will be used for expansion and acquisition of Ballast Point's brewing facility
Holds over 19% market share within non-alcoholic beer and drives 32% of category's growth
Non-alcoholic beer is experiencing a surge in popularity as young adults and Ozempic users embrace sobriety. Athletic Brewing, the largest non-alcoholic brewery in America, has raised $50 million in equity financing, doubling its valuation to $800 million. The investment will be used to expand the company's brewing capacity and meet increasing demand for its products. Athletic Brewing plans to use the funds from the latest funding round to expand its global retail presence and increase production capacity through the acquisition of Ballast Point's brewing facility in Miramar, which is expected to double U.S. brewing capacity once operational. The company holds over 19% market share within non-alcoholic beer and is driving 32% of the category's growth, according to NielsenIQ data.
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DeceptionScore * 0.20 +
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Athletic Brewing is the largest non-alcoholic brewery in America Athletic Brewing raised $50 million in equity financing, doubling its valuation to $800 million Renovations of Ballast Point’s brewing facility include installation of a new packaging line and enhancements to the brewhouse, cellar and lab Sales of non-alcoholic beers in San Diego in January 2024 were up 49% compared to 2023, with sales of $519,556
Accuracy ]Athletic Brewing is the largest non-alcoholic brewery in America[ Athletic Brewing holds over 19% market share within non-alcoholic beer and is driving 32% of that category’s growth Deception
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Fallacies
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Author
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98%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
95%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
Athletic Brewing Co. secured a $50m equity funding round led by New York-based private equity group General Atlantic. General Atlantic will be appointed onto the company's board of directors following the closure of the deal. Athletic Brewing intends to use the investment to expand its brewing capacity and meet increasing demand for its products.
Accuracy Deception
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Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
100%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
95%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
Athletic Brewing had sold over 258,000 barrels after producing only 875 barrels in 2018. Athletic Brewing is looking to expand its West Coast capacity and has partnered with General Atlantic to drive continued growth.
Accuracy Deception
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Fallacies
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Bias
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Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
