California on Fire: Deals, Deals, Deals

Dear Client:It's been awhile since MillerCoors's Tenth & Blake acquired any part in an outside beer brand - not since their Terrapin minority (25%) stake, something of an experiment back in 2011 on Tom Cardella's watch, when the Georgia-based brewer was a mere 18,000 barrels. Now they're at around 50,000 barrels (as of 2014), up 41% over prior year, killing it in Kroger and up almost 50% in their home market. We hear the relationship between the two is still