In a surprising turn of events, Black Hops Brewery announced today via social media that the company would enter voluntary administration. This decision comes amidst a significant business restructuring, following the departure of founders and owners in recent years.
The Gold Coast-based brewery, known for its unique craft beers and strong community presence, has undergone substantial changes in its leadership and ownership. Despite raising over $2 million in equity crowdfunding in 2022, the brewery appears to have faced challenges that have led to this difficult decision.
In a statement addressed to their loyal customers and supporters, Black Hops Brewery’s board expressed the gravity of their decision. “Today, the BH board have made the tough decision to place the business into Voluntary Administration (VA). Trust us when we say it hasn’t been an easy decision to make, however our circumstances have meant there was no alternative.”
Despite this setback, the brewery reassured its patrons that its core operations would continue. Black Hops beer will still be produced and available through their direct outlets and retail partners….