Stone Investing Another $1 Million Into Richmond Facility

Dear Client: Last month, we wrote that Stone Brewing would finish out 2018 up about 2.5% -- in no small part helped by their strong East Coast trends, up 21%, driven by their newer Richmond facility. Now the Richmond-Times Dispatch is reporting that the brewer plans to invest another $1 million in that facility to expand capacity. The plan is reportedly to break ground this summer, as the Richmond Economic Development Authority has given conditional approval. Sean Monahan, Stone Brewing