Speakeasy Ales & Lagers has ceased operations, packaging and tap room operations, effective immediately. The brewery cites “difficulty securing capital investment, and outstanding debt obligations” leading to this decision.
Per Speakeasy, the company’s primary creditor will determine the future of the brewery.
“The brewery has worked with multiple investment banking groups and have had numerous meetings. One fact has become central to the process, and that is the company is financially insolvent and requires new capital to move forward. Whether that will happen is unclear, but I do hope the brewery and brand will persist.” – Forest Gray, Speakeasy founder and CEO
The remaining fresh inventory of Speakeasy beer has left the brewery and headed to distributors.
Beer Street Journal reached out to Speakeasy for comment, but emails were not immediately returned.