Core Insights - Truly Hard Seltzer has launched a limited-edition flavor called "No Shade, Just Tea," in collaboration with reality star JaNa Craig, featuring raspberry iced tea [1][2][4] - The new flavor combines hard seltzer with real brewed tea and raspberry flavor, offering a refreshing beverage option [2][3] - The product is available in packs of four 16oz. cans, with a low calorie count of 100 calories, 1g of sugar, and 5% ABV per 12oz. serving [3] Product Launch Details - The limited-edition flavor became available on September 17, 2025, through GiveThemBeer.com, with multiple drops while supplies last [3][7] - A meet-and-greet event with JaNa Craig is scheduled for September 25 at Truly's tasting room in Los Angeles, where fans can sample the new flavor [6][7] - Tickets for the meet-and-greet are priced at $25 and will be available starting September 19 [7] Brand and Market Position - Truly Hard Seltzer has been a pioneer in the hard seltzer category since 2016, focusing on innovative and flavorful alcoholic beverages [8] - The brand offers a variety of flavors and styles, including seasonal and culturally relevant limited releases, catering to diverse consumer preferences [8] - The Boston Beer Company, which owns Truly, is recognized as one of the largest craft brewers in the U.S., with a portfolio that includes various alcoholic beverages beyond beer [9]

Core Insights - Twisted Tea Hard Iced Tea is launching its first-ever U.S. Hispanic advertising campaign to engage Hispanic drinkers and celebrate culture, flavor, and fun [1][2] Campaign Overview - The campaign includes Spanish-language support across various media, retail, and influencer partnerships, aiming to authentically connect with Hispanic communities [2] - It features collaborations with three award-winning Hispanic chefs to create Twisted Tea-infused grilling sauces, enhancing the culinary experience associated with the brand [3][8] Chef Collaborations - Chef Eduardo Lara from Wolf of Tacos in Miami created "The Redemption," a mildly spicy grilling sauce made with hibiscus and guajillo chiles [8] - Chef Anastacia Quiñones-Pittman from Eledi in Dallas developed "Tamarindo Twist," a tangy sauce inspired by classic BBQ flavors [8] - Chef duo Alex & Elvia Garcia from Evil Cooks in Los Angeles produced "Twisted Tail," a spicy salsa blending traditional flavors with Twisted Tea [8] Marketing and Media Strategy - The campaign includes Spanish-language ads running on streaming TV, social media, and digital platforms, featuring backyard party themes to resonate with family and friends [4] - On-the-ground experiences will be activated in key markets such as California, Florida, and Texas, including pop-up samplings and local partnerships [4][5] Brand Positioning - Twisted Tea aims to expand its fanbase by authentically reaching out to Hispanic households, which have been growing in number [5] - The brand emphasizes its commitment to bringing people together and enhancing social gatherings through its products [5]

Group 1 - Alan Brochstein is a pioneer in the cannabis investment sector, having focused exclusively on this industry since 2007 [1] - He founded AB Analytical Services to provide independent consulting to registered investment advisors [1] - Brochstein is the managing partner of New Cannabis Ventures, which has been a key provider of financial information in the cannabis industry since 2015 [1] Group 2 - Alan has led the investing group 420 Investor since 2013, which focuses on publicly-traded cannabis stocks [2] - The group covers 20 stocks, providing investment news, earnings report previews, and post-report analyses [2] - Additional features of the group include a model portfolio, 10 weekly videos with chart analysis, 3 weekly summary pieces, a monthly newsletter, and a chat for questions [2]

Leadership Evolution - The company has seen a leadership change with the founder returning as CEO after nearly 25 years, indicating a shift in management dynamics [1] - The CEO emphasizes a focus on delegation and prioritizing tasks that add value to the company's success, rather than traditional responsibilities associated with the title [1] Succession Planning - The CEO is actively engaged in ensuring a strong succession plan, reflecting a commitment to the company's long-term stability and growth [1] - The leadership approach is characterized by a strategic focus on high-impact areas, suggesting a methodical approach to management [1]

Financial Data and Key Metrics Changes - The beer industry is projected to experience a mid single-digit decline in 2025, following several years of significant declines prior to this year [24] - The company has raised its 2025 gross margin guidance, indicating improvements in operational efficiency and cost management [45] Business Line Data and Key Metrics Changes - The fourth category of alcoholic beverages, which includes hard cider and other innovative products, is expected to outgrow traditional beer, wine, and liquor [23] - Twisted Tea, which had been growing at double digits for over twenty years, has recently faced a decline, with growth dropping from high single digits to low single digits [37] Market Data and Key Metrics Changes - The Hispanic consumer base is under economic pressure, which may impact population growth and consumption patterns in the alcohol industry [10] - The company is focusing on the on-premise market, which has been neglected by the industry, to strengthen brand presence and consumer engagement [28] Company Strategy and Development Direction - The company is prioritizing innovation in the fourth category of alcoholic beverages, leveraging its existing infrastructure and logistics advantages [23] - There is a strategic focus on internal succession planning, with efforts to develop multiple CEO candidates from within the organization [4] Management's Comments on Operating Environment and Future Outlook - The management acknowledges ongoing challenges in the alcohol consumption landscape, citing health concerns and economic pressures as significant factors affecting the industry [10][32] - The company is optimistic about its growth potential in the fourth category, despite the overall decline in traditional beer consumption [23] Other Important Information - The company has repurchased $110 million of stock in the first half of the year and announced an additional $50 million share buyback, reflecting a commitment to returning value to shareholders [57] - The management is cautious about pricing strategies for Twisted Tea, indicating that previous price increases may have been too aggressive [40] Q&A Session Summary Question: How does the company view the current state of U.S. alcohol consumption? - The management expressed concerns about the structural headwinds affecting consumption, particularly among the Hispanic population and health-related discussions surrounding alcohol [10][32] Question: What lessons have been learned from the Truly experience that are being applied to SunCruiser? - The company is focusing on a market-by-market rollout for SunCruiser, avoiding national advertising and being cautious about flavor proliferation [34][35] Question: What actions are being taken to optimize Twisted Tea's pricing and retail presence? - The management is addressing pricing strategies to ensure they remain competitive while also strengthening marketing efforts targeted at Hispanic consumers and traditional demographics [39][40] Question: How does the company plan to sustain gross margin improvements amid ongoing challenges? - The company is focusing on procurement efficiencies, production improvements, and network optimizations to drive further cost savings [46][50] Question: What is the company's approach to capital allocation and share buybacks? - The management emphasized a shareholder-first approach, prioritizing business needs while also returning excess cash to shareholders through buybacks [57][58]

Financial Data and Key Metrics Changes - The company has raised its 2025 margin guidance, indicating improvements in gross margins despite challenges from tariffs and inflationary pressures [47][59] - The company is generating significant cash flow, with a healthy cash balance allowing for stock repurchases totaling $110 million in the first half of the year and an additional $50 million buyback announced [59] Business Line Data and Key Metrics Changes - The fourth category of products, which includes hard cider and other innovative beverages, is expected to outgrow traditional beer, wine, and liquor, indicating a strategic shift towards more innovative offerings [23][24] - Twisted Tea has experienced a decline in growth rates, prompting the company to reassess pricing strategies and marketing efforts to regain market share [38][41] Market Data and Key Metrics Changes - The beer industry is projected to face a mid-single-digit decline, with the company acknowledging the need for improved execution at retail to counteract this trend [25][30] - The Hispanic consumer base is under economic pressure, which may impact overall consumption trends in the alcohol industry [10][33] Company Strategy and Development Direction - The company is focusing on innovation within the fourth category of beverages, leveraging its brewing capabilities to create products that align with consumer tastes [23][24] - There is a strategic emphasis on strengthening retail execution and marketing efforts, particularly in the on-premise segment, to build brand equity and consumer connections [30][32] Management's Comments on Operating Environment and Future Outlook - Management acknowledges ongoing challenges in the operating environment, including economic uncertainty affecting the majority of consumers, and recognizes the need for targeted promotions to drive volume [33][34] - The company is committed to maintaining share in core brands while pursuing growth through innovation, indicating a balanced approach to market challenges [52][58] Other Important Information - The company is working on developing multiple internal CEO candidates to ensure a strong succession plan, reflecting a long-term strategic focus on leadership continuity [4] - Management has noted the importance of balanced research on the health effects of alcohol, suggesting a need for the industry to invest in neutral research to counteract negative perceptions [27] Q&A Session Summary Question: How does the company view the current state of U.S. alcohol consumption? - Management expressed concerns about the structural headwinds affecting consumption, particularly related to health discussions and economic pressures on the Hispanic population [9][10] Question: What lessons have been learned from the Truly experience that are being applied to SunCruiser? - The company is focusing on a market-by-market rollout for SunCruiser, emphasizing a bottom-up approach and cautious SKU proliferation to ensure sustainable growth [35][36] Question: What actions are being taken to optimize Twisted Tea's pricing and retail presence? - Management is addressing pricing strategies that may have been set too high, particularly for 12 packs, and is working to restore brand equity through targeted marketing efforts [40][41] Question: How does the company plan to sustain gross margin improvements amid ongoing challenges? - The company is focused on procurement efficiencies, production improvements, and network optimizations to drive further cost savings and sustain margin growth [47][51]

Industry Overview - The Zacks Beverages – Alcohol industry is facing significant pressure due to inflation affecting labor, transportation, and raw materials, leading to rising ingredient prices and increased shipping and packaging costs, which are squeezing margins and profitability [1][5][6] - Newly imposed tariffs, including a 25% tariff on imports from Canada and Mexico and a 10% tariff on goods from China, are expected to disrupt the U.S. beverage alcohol market, raising prices for imported brands and dampening consumer demand [7] Growth Opportunities - Despite challenges, the industry is experiencing growth through premiumization, with consumers increasingly seeking higher-quality offerings such as ready-to-drink (RTD) spirits, canned wines, and flavored malt beverages [2][8][9] - Leading companies are focusing on innovation and strategic investments to capture market momentum, with a strong emphasis on product development and premium positioning [3] Company Strategies - Diageo Plc is focusing on innovation and consumer moderation, with a strong emphasis on non-alcoholic spirits and a $2 billion productivity program aimed at driving efficiency while ensuring sustainable growth [21][22] - The Boston Beer Company is committed to revitalizing its brands and expanding its Beyond Beer segment, which is expected to continue outpacing the traditional beer market [25][26] - Compania Cervecerias Unidas is recognized for its diverse portfolio and strong market presence in multiple countries, with a focus on maintaining a robust balance sheet and market-leading brands [29][30] Market Performance - The Zacks Beverages – Alcohol industry has underperformed the broader sector and the S&P 500, with a collective decline of 16.2% over the past year compared to a 5.7% dip in the Zacks Consumer Staples sector and a 17.7% rally in the S&P 500 [13] - The industry is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 14.58X, significantly lower than the S&P 500's 22.59X and the sector's 17.12X [16]

Core Idea - Dogfish Head Cocktails is promoting its new Peach Mango Rum Punch by launching a contest that offers a month-long seaside escape in Delaware and a $10,000 stipend to one winner, aiming to extend the summer experience for participants [1][9]. Company Overview - Dogfish Head has been based in coastal Delaware for over 30 years, emphasizing the beauty of the local beaches and the appeal of visiting during the less crowded months of September and October, referred to as "locals' summer" [2]. Contest Details - The "Extend Your Summer" contest invites participants to share their reasons for wanting to prolong summer, with bonus points for creativity. Entrants must be U.S. residents aged 21 and older [2][5]. - The winner will receive a month-long stay in a beachfront bungalow and a $10,000 stipend to enjoy the summer [1][9]. Product Offering - Dogfish Head's Tropical Cocktail Mix Pack includes the new Peach Mango Rum Punch and three other cocktails, each with a 7.0% ABV, made with real fruit juices and house-made spirits [3][8]. - The cocktails are designed to provide a bar-quality experience in a convenient ready-to-drink format [4].

Core Points - The official launch of Engine 19 IPA, a collaboration between Flyers Charities and Dogfish Head Craft Brewery, aims to support local first responders and their families through the Hath's Heroes initiative [1][4][7] - Engine 19 IPA is a citrus-forward pale ale with a 6.5% ABV, featuring Simcoe, Chinook, and Citra hops, designed to be flavorful and approachable [2][14] - A launch party will be held on September 10 at PHS Beer Garden South Street, featuring samples of Engine 19 IPA and appearances by Flyers players [4][5] Company Overview - Dogfish Head Craft Brewery has been committed to brewing unique beers with high-quality ingredients for nearly 30 years, expanding its offerings to include spirits and ready-to-drink cocktails [6] - Flyers Charities focuses on strengthening communities in the Greater Philadelphia region by removing financial barriers to hockey participation and providing support to families affected by cancer [8] Initiative Details - Hath's Heroes is an initiative led by Garnet Hathaway that raises funds to support local first responders and their families through community-driven events and programs [7]

Group 1 - Starcore International Mines Ltd. has approved a non-brokered private placement for gross proceeds of up to $5,000,000, consisting of up to 20,000,000 units priced at $0.25 per unit [1] - Each unit includes one common share and one-half of a transferable common share purchase warrant, with the whole warrant exercisable for two years at a price of $0.35 per share, contingent on the share price reaching $0.50 for 10 consecutive trading days [1] - The proceeds will primarily be used for bulk sampling and the development of the Tortilla Project [2] Group 2 - The private placement is subject to acceptance by the Toronto Stock Exchange and required regulatory approvals, with a hold period of four months plus one day after the closing date for the issued securities [3] - The company may pay finders' fees to certain finders for their efforts related to the financing, and certain insiders may participate in this financing [2] Group 3 - Starcore International Mines is focused on precious metals production, particularly in Mexico, and has expanded its operations internationally, including a project in Côte d'Ivoire [4] - The company emphasizes Corporate Social Responsibility and aims to make value-driven decisions to enhance long-term shareholder value [4]