Invest in Left Hand Brewing Company

“Flavor driven, employee driven, and community driven. We take a hands-on approach in all that we do, and we're proud of everything we stamp our Left Hand on.” Eric Wallace, Co-Founder & CEO

Left Hand is a Craft Beer Pioneer

Indian Peaks Brewing Company d/b/a Left Hand Brewing Company, Inc. (“Left Hand Brewing,” “we”, or “our”) was founded in Longmont, Colorado in 1993 by Air Force squadron mates Eric Wallace and Dick Doore. Frustrated by bland beer options at home and inspired by the rich flavors they discovered in Europe, they started with a homebrew kit, aiming to elevate the U.S. craft beer scene.

What began as a hobby quickly became an obsession, leading to the creation of Left Hand Brewing, the first brewery to operate in Longmont, Colorado. They also opened the second craft brewery tap room in Colorado, meeting the demand of customers who wanted to enjoy a pint before heading home.

Today, Left Hand Brewing remains independent, veteran-founded, and a partially employee-owned ESOP company.

The Craft Beer Industry Today

Independent craft breweries face significant challenges: declining craft beer sales, excess capacity, and ongoing consolidation among beer distributors. Multinational companies are purchasing independent breweries, making it hard for small brewers to compete on price and shelf space. The rise of chain stores and the decline of independent liquor stores add to the difficulties. Additionally, on-premise sales haven't returned to pre-Covid levels, further straining the industry.

In the face of increasing competitive pressures and a rapidly changing marketplace, we believe that breweries must increase in scale to survive.

The Opportunity

We want to build a platform to enable our brand and others to consolidate and streamline packaging and distributing operations while remaining independent, as opposed to going out of business or selling to multinational companies.

Being so deeply involved in our communities, we have talked for years about creating a structure to allow part of the brewery to be owned by the community as well. Inspired by the fact that the Green Bay Packers are owned by fans and not some group of the super rich, we want to create a way that Left Hand can introduce community ownership as part of our long-term vision of staying independent. This will allow us to continue to look for ways to benefit our owners, our employees and our communities.

We’re looking for like-minded individuals who value small and independent businesses and want to invest in our future through the purchase of common stock. This is a rare opportunity to own a piece of Left Hand Brewing history, while also supporting the craft brewing industry on a larger scale.

Left Hand is Selling Common Stock

The Deal

➢ Up to approximately $1.1 million of the proceeds of the Offering are anticipated to be allocated to fund the potential acquisition of equipment or other business assets of all or a portion of the business (“Transaction”) of a noteworthy, independent craft beverage company.

➢ If the Transaction is not completed, the Left Hand may explore other acquisition opportunities.

➢ Left Hand expects real estate equity value of $4.5 million to be included in the Transaction, which is anticipated to increase over time as the Resilient St. Vrain Project is completed.

Left Hand is the Right Brewery

Left Hand Brewing is a world-class brewery and operator, built to brew over 100,000 barrels per year and distributed through 76 wholesalers nationwide in 45 states and internationally.

Our multi-faceted beverage production facility supports a diverse range of products, including beer, non-beer, and non-alcoholic beverages. We currently produce Jiant Hard Kombucha, Present CBD Seltzer, Foundry Whiskey wash, and other beer brands. As an FDA licensed organic producer, we ensure the highest quality standards across all our offerings.

We've Done this Before!

In the late 1990’s the craft brewing business went through what is commonly referred to as “The Shakeout”. Hundreds of breweries closed, and the industry as a whole stayed relatively flat for a number of years.

In reaction to that, Left Hand and Tabernash Brewing Companies decided to combine forces to get through the Shakeout. Having successfully navigated the merger of Left Hand and Tabernash Brewing Companies in 1998 and the Shakeout into the mid 2000’s, we bring a wealth of knowledge and expertise. As the industry is now firmly in the throes of a second Shakeout, one we have been expecting since before COVID, we once again see opportunity.

Manufacturing Excellence

Left Hand Brewing is a solid manufacturer of excellence, driven by a strong safety and ownership culture. We actively adhere to Good Manufacturing Practices (GMP) and Hazard Analysis and Critical Control Points (HAACP) to ensure the highest standards of quality and safety. Our commitment to continuous improvement is evident through our robust certification plans and ongoing improvement programs.

This dedication to excellence not only ensures superior products but also fosters a culture of responsibility and pride among our team members.

Deep History of Traction

➢ $176 million in sales since 2014

➢ Pre-Tax Earnings of $8 million since 2014

➢ Total liquidity returned to shareholders over $17 million since 2017

➢ Distributing in 45 states and internationally

What Could it be Worth?

While we can’t guarantee a return, at 100K barrels of annual production, a level below our actual maximum, we estimate that we could generate $6.5 million of EBITDA. If one were to apply a 10.5 times multiplier to that number, the result, if an investor were to be able to sell at that price, would be a significant return on investment at the current offering price. Obviously, these results are not guaranteed and are provided for illustration purposes only.

Forward-looking projections are not guaranteed.

How Do I Exit this Investment?

First of all, this is not intended to be a highly liquid investment. We are looking for patient, supportive capital, and there is no publicly traded market for our stock. That being said, there are several ways that our investors have exited over the years.

One can wait for a possible tender opportunity from the company (tenders have occurred in the past) and sell if one were to be offered. All investors from the 1990’s, 2000’s and 2010’s have had several opportunities to sell stock at a profit or to stay invested. This may or may not happen and the timeline of a potential future tender may not suit a seller’s immediate needs.

One can stay invested and support our long-term goals of making a difference while teaching the next generation about values and a positive, responsible approach to capitalism!

Tenders by the Company (Past Examples)

Over the years, our shareholders have had several chances to sell their shares, often at a profit (though past profitability does not guarantee future returns). In 2007, two Directors repurchased over $330,000 worth of common stock from shareholders, marking the start of Left Hand’s significant growth spurt, with 10 years of double-digit volume growth from 2006 to 2015.

In 2015, as part of starting the ESOP (Employee Stock Ownership Plan), the Board provided shareholders the chance to sell some shares, ensuring fairness as shares were granted to the ESOP trust. In 2019, the Board offered all shareholders seeking liquidity the opportunity to sell their shares, accommodating both those interested in selling the company and those wanting to keep it independent. Numerous private transactions have also occurred between shareholders and outside supporters, totaling over $17,000,000 in liquidity since 2007.

Our history shows a commitment to providing periodic exit opportunities for investors. We intend to continue this practice, although future performance may not always enable us to tender for common stock as we have in the past.

Left Hand Brews World Class Beer

Left Hand Brewing has introduced modern interpretations of classic styles to the U.S. and has become the most awarded Colorado brewer at the Great American Beer Fest and World Beer Cup since 1994. We proudly hold the title of the #1 Craft Nitro Brand Family and are home to the #1 selling craft stout in the U.S. Our commitment to innovation and quality has set us apart in the craft beer industry.

We're a Craft Beer Innovator

Left Hand Brewing has been a craft beer innovator from the beginning and continues to lead as the industry evolves. We started our own craft beer distributor in 1998 (sold in 2006), were among the first U.S. breweries to brew a wet hop beer, and have been pioneers in barrel aging since the 1990s.

We were the first U.S. craft brewer to introduce Nitro beer in a bottle without a widget and collaborated with Ball Packaging to develop first-of-its-kind widget cans. Additionally, we worked with Spiegelau to create a glass specialized for stouts.

In addition to these achievements, we remain at the forefront of beer innovation with our experimental brews and unique recipes, occasionally reviving beloved classics from our archives.

Building Community One Mile at a Time

Since 2008, Left Hand Brewing has been a passionate supporter of the National MS Society through our Bike MS Team, Team Left Hand, raising an impressive $8 million to date. With over 600 riders and volunteers nationwide, we have become the largest national fundraiser for Bike MS. In addition, we have proudly served as the National Beer Sponsor for Bike MS since 2018.

Our commitment to this cause reflects our dedication to making a positive impact and supporting the fight against multiple sclerosis.

Building Community One Pint at a Time

Left Hand Brewing and The Left Hand Brewing Foundation have generously granted over $1.5 million in funds and in-kind support to various non-profits aligned with our mission. The Foundation was created in 2013 in response to the floods that devastated Longmont, Lyons and other nearby communities.

The Left Hand Brewing Foundation hosts two fundraising events each year: Leftapalooza and Left Hand Oktoberfest. These events not only provided an opportunity for the community to come together and have a great time but also serve as platforms to raise funds for the Foundation and local nonprofits in our community. Every year we select organizations to be the beneficiary of the previous year’s event proceeds.

Our contributions span numerous causes, including housing initiatives like Prosper Longmont and Habitat for Humanity, veteran support through the Veterans Community Project, and essential services provided by organizations such as the OUR Center, Women’s Work, and Meals on Wheels.

Additionally, we support the arts through our 25+ year partnership with the Colorado Shakespeare Festival, and address medical needs by partnering with the Leukemia & Lymphoma Society and Pints for Prostates, among others.

Right City at the Right Time

We’re in the heart of Longmont, ripe for redevelopment as the area along the St. Vrain River comes out of the flood plain. The city boasts senior rights to high-quality water from the Continental Divide at low rates. The city owns and operates its own power and internet utilities, ensuring lower operating costs. Additionally, owning our real estate protects us against rising lease rates, securing our future in this prime location.

Invest in Independence

Join Left Hand Brewing and our other brewing partners as we build a path for independent craft beverage companies to retain their values and individual community impact.

Own a part of brewing history in the Napa Valley of beer! Reserve your place in this rare opportunity to purchase stock in a craft brewing pioneer and supporting the overall craft brewery industry!