Better Beer capital raise on ice until Mighty Craft woes sorted

A near-death experience for ASX-listed craft beer and spirits company Mighty Craft has put on hold a $20 million-plus capital raising at Better Beer, one of the fastest-growing beer brands in Australia.

Mighty Craft is trying to cut debt levels and assessing sell-off options, with its most valuable asset being a 37 per cent stake in Better Beer, the zero-carbohydrate beer which has comedians The Inspired Unemployed as its largest shareholders.