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#1 | |||
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The voice of reason
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The once-rebel craft beer empire founded by James Watt has officially been placed into administration after racking up debts exceeding £500 million (£553.8m owed to creditors).
A pre-pack rescue deal to US firm Tilray for £33m (brewery + 11 bars) left a £480m shortfall. Thousands of small investors who bought shares through the heavily- promoted “Equity for Punks” crowdfunding scheme have been told their stakes are now completely worthless. 38 pubs closed and 484 staff made redundant. The anti-establishment brand that once valued itself at £2bn is in ruins. £500 million pound debt...wow James Watt and wife Georgia Toffolo (below) |
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#2 | |||
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Senior Member
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[£500 million pound debt...wow]
Shocking |
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#3 | |||
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Senior Member
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https://www.bbc.co.uk/news/articles/c05v0p1d0peo
2 March 2026 News report new takeover Just before they went under |
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#4 | |||
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The voice of reason
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Of course no one they owe money to will get a bean
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#5 | |||
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self-oscillating
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one of the founders left to get into producing medical weed
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