Dear Client: COVID has not hit Montucky Cold Snacks like some craft brewers. They're up 20% YTD in depletions overall, slated to do some 55,000 barrels this year. That's not to say they didn't have a decent amount of pre-COVID on-premise business. Before the pandemic, on-premise was about 25% of their business; now it's closer to 20%. But they're "only" down about 25% in the on-premise, as they've proven a strong takeaway brand. The off-premise (where they're up 40%) has
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