PORT MOODY, BC – A brewery that opened in Port Moody, BC in the early days of the COVID-19 pandemic has closed its doors and filed for bankruptcy.
Fraser Mills Fermentation Co. was founded by an ownership team that included Michael Druce, owner of a nearby homebrewing supply company, and launched its first beers in May 2020 when pandemic restrictions meant that sales were limited to takeaway cans and growlers.
A taproom and patio were later opened and became quite popular, but the business had a brief hiccup in June 2022 when it closed for several days before reopening for “a fresh start” after resolving “internal issues that have been hindering our commercial viability.”
The current closure was vaguely announced on the brewery’s social media feeds with an image reading “It’s time for a break”, and while Facebook and Google list the business as temporarily closed, a sign posted on the door indicates that the company is insolvent and assets have been seized by accounting and auditing firm BDO Canada.
For more details, see the full report from Vancouver is Awesome.
Source: Vancouver is Awesome
Photo: Fraser Mills Fermentation Co.