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21st Amendment Brewery to Shut Down by Nov. 4 After Funding Pulled

A lender exit following steep sales declines forces a buyer search to keep the brand alive.

Overview

  • The San Francisco brewpub near Oracle Park, the San Leandro taproom, and the production facility are slated to close, with the SF brewpub possibly shutting sooner.
  • Production will wind down through Nov. 4, which the company named as the planned final day of operations.
  • Co-founder Nico Freccia said the lender cut off funding over a persistent “cash bleed” after roughly 20% annual sales declines since 2021.
  • A recently announced shift to a new CEO and an operating-partner model fell apart last week when the financial backer withdrew.
  • Management opened the San Leandro plant to contract canning in 2023 as costs rose and beer lost ground to seltzers and ready-to-drink cocktails, with U.S. brewery closures outpacing openings in 2024.