The maker of Flying Monkey Dogfight Pale Ale, Breakaway IPA, American Blonde and Caboose Oatmeal Stout will be looking for financing, the company says in a filing with the U.S. Securities and Exchange Commission.

American Brewing Co. says it needs to raise additional capital in order to fund operations and execute the business plan. Financial concerns, including a $2.3 million deficit, raise substantial doubts about the company’s ability to continue as a going concern, or without the threat of liquidation.  Without additional cash, the company could be forced to scale down business or pursue other strategic alternatives, it says in an SEC filing. 

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.