Influencer-backed brewery goes offline

Mighty Craft, a publicly-listed Australian brewery that looked set to merge with a beer created by the Inspired Unemployed, has fallen into administration.

Mighty Craft invested in various spirits, beer, and cider brands, including 78 Degrees, Kangaroo Island Spirits, Seven Seasons, Nosh Boozy Seltzer, Mismatch Brewing Co, Jetty Road, Slipstream, Foghorn, and the Hills Cider Company. The company owned 33% of Better Beer, a company launched by Jack Steele and Matt Ford from The Inspired Unemployed.