VIRGINIA BEACH, Va. (AP) — One of Virginia's largest breweries is up for sale after laying off 15 percent of its employees and suspending distribution in 32 of the 50 states.
The Virginian-Pilot reports that Green Flash placed 43rd on a list by Brewers Association of the nation's top 50 craft breweries, based on 2017 sales.
Mayor Will Sessoms pointed toward the debt in Green Flash's business plan as a potential cause. A February story by Brewbound cited by the Pilot quotes Founder Mike Hinkley as saying it was a mistake to use debt instead of equity to finance the 58,000-square-foot brewery.
All parts of the 2-year-old brewery were listed for sale Saturday through Heritage Global Partners.
