On August 20, 2020, Premium Near Beer Ltd., operating as Partake Brewing, closed its first institutional funding round of Series A financing in the amount of US$4 million. Partake Brewing sees this investment as a strategic opportunity to lead the renaissance of the non-alcoholic beer category that consumers are driving as they change why, when and how they drink and socialize. The financing was led by CircleUp Growth Partners, and other investors included Export Development Canada (EDC), Natural Products Canada, McLean & Associates, and Barrel Ventures.
Based in Calgary, Premium Near Beer Ltd. is the leading craft non-alcoholic beer brand in North America.
Osler, Hoskin & Harcourt LLP acted as Premium Near Beer Ltd.’s legal advisor with a team led by Jacob Young and Frank Turner and consisting of Lindsay Hofer (Corporate).