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BrewDog

Ellon, Aberdeenshire, Scotland, United Kingdom · Est. 2007

#Scotland#IPA#MacroOwned#Tilray#EquityForPunks
01

Tally's Take

Why this matters

The most divisive story in modern beer. BrewDog built a global empire on punk branding and the 'Equity for Punks' crowdfunding movement that turned 200,000 drinkers into shareholders — then, after years of controversy, fell into administration in early 2026 and was bought by US cannabis-and-drinks firm Tilray for £33m, wiping out those crowdfunding investors. A cautionary tale about what 'independent' really means once the capital arrives.

The founding thesisJames Watt and Martin Dickie, bored with bland British lager, started brewing hop-forward beers out of a shed with a bank loan and a dog named Bracken.

02

The Museum

Timeline

  1. 2007
    Two guys and a dog

    Watt and Dickie launch BrewDog in Fraserburgh, Scotland.

  2. 2010
    Equity for Punks

    Pioneers mass crowdfunding, eventually raising from ~200,000 small shareholders.

  3. 2026
    Administration & Tilray

    Enters administration and is acquired by Tilray for £33m — Equity for Punks holders are wiped out.

03

The People

Behind the beer

James Watt & Martin Dickie
Founders

Built BrewDog from a shed into a global brand on hops, provocation, and crowdfunding.

04

The Beer Library

Beers

Punk IPA

Year-Round

IPA

ABV5.4%

The beer that defined UK craft IPA for a generation.

Dead Pony Club

Year-Round

Session Pale Ale

ABV3.8%

Low-ABV hop-forward pale.

05

Travel Guide

Plan a visit

AddressBalmacassie Industrial Estate, Ellon, Scotland
FacilityProduction brewery + global bar chain
ToursYes
Dog-friendlyInside
Amenities
  • DogTap taproom
  • Brewery tours