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Neighbor News

Granite Coast Brewery has raised over $50k on Mainvest

Granite Coast Brewery is raising funds on Mainvest, a community investment platform, to upgrade brewing equipment- and you can get invovled.

Exciting news coming out of Peabody- award winning brewery Granite Coast has surpassed the $50,000 mark on their Mainvest campaign. This beloved local brewery, located on Main Street in downtown Peabody, has set out to raise between $35,000- $85,000 on Mainvest, the community investment platform based in Salem, MA.

Granite Coast opened their doors Memorial Day Weekend of 2019, and earned 6 "Best of" awards within just 2 years. They're raising funds via an investment campaign on Mainvest to upgrade their brewing equipment to keep up with post-pandemic demand.

Through Mainvest, investors can support Granite Coasts's expansion plans by investing as little as $100- regardless of income or status. Investors are then entitled to a share of revenue until they receive a return on their investment. Over 80 investors have signed on to date and there's only around $30,000 left in the round.

Find out what's happening in Salemfor free with the latest updates from Patch.

Investors looking to support the brewery's fundraising goals can learn more and start investing at https://mainvest.com/b/granite-coast-brewing-co-peabody.

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