CBA Announces 14% Q1 Depletions For Kona; Woodinville Closing

Dear Client:CBA has just announced Q1 results, and a change to their brewery footprint: Pabst and CBA are terminating their contract agreement and Pabst's option to purchase CBA's Woodinville facility in Washington, which CBA will close and put up for sale July 1.As part of the terminated agreement, Pabst will pay about $6 million in fees, all in. Recall, CBA had laid off 12-20 Woodinville workers last year [see CBD 10-07-2016]; this announcement will see another 12 affected workers. CBA