I think it is reasonable to say that when it comes to the larger, distributing craft beer industry we are entering a sort of a new paradigm. Below I discussed in post #29: “Artisanal Beverage Ventures (ABV) is currently the 'umbrella' for Southern Tier, Victory and more recently Sixpoint. Once they have properly 'digested' Sixpoint maybe add another larger, distributing brewery to the list (maybe 2021?). Canarchy – which owns Oskar Blues, Cigar City Brewing, Deep Ellum, Utah Brewers Cooperative, Perrin Brewing and Three Weavers Legacy Breweries Inc., which includes Ninkasi, Laurelwood,… I could envision all the above 'merging in' other breweries plus some additional Venture/Holding Companies starting to compete with the above three.” Perhaps in hindsight I could add Lion/Kirin as bullet number 4? It will be interesting to see how all of this shakes out in 2020 (and beyond). Cheers!