Oskar Blues does not own Cigar City. In fact, it is quite the opposite. Monster Beverage, the owner of popular energy drink brand Monster, recently acquired the parent company of both Cigar City Brewing and Oskar Blues Brewery for a whopping $330 million. This acquisition marks Monster Beverage’s entrance into the craft beer industry.
It is worth noting that the parent company of Cigar City and Oskar Blues is Canarchy Craft Brewery Collective, a group of craft breweries that have come together under one umbrella. Canarchy was founded by Oskar Blues in 2015 and also includes other well-known breweries such as Perrin Brewing, Squatters Craft Beers, and Wasatch Brewery.
The acquisition by Monster Beverage is a significant move in the craft beer industry. With the popularity of craft beer continuing to rise, more and more large companies are looking to get a piece of the pie. Monster Beverage, known primarily for its energy drinks, is now expanding its portfolio to include craft beer brands.
While some craft beer enthusiasts may be concerned about the acquisition by a large corporation like Monster Beverage, it is important to note that Canarchy Craft Brewery Collective will still operate as a separate entity within the Monster Beverage portfolio. This means that Cigar City, Oskar Blues, and the other breweries within the collective will retain their individuality and continue to produce their unique craft beers.
Oskar Blues does not own Cigar City. Both breweries are part of the Canarchy Craft Brewery Collective, which was recently acquired by Monster Beverage for $330 million. This acquisition marks Monster Beverage’s entry into the craft beer industry and will allow them to expand their portfolio to include popular craft beer brands.