Sierra Nevada Brewery in Sierra Nevada, Nev.
has been a staple of local drinking for more than 40 years.
Now, with a second brewery opening next month, the brewery is aiming to fill the void left by a shuttered, bankrupt brewery.
As the company’s flagship brewery, the company has been struggling financially.
In 2013, it filed for Chapter 11 bankruptcy protection.
The next year, the Nevada legislature passed a law requiring that the company provide a plan to repay its creditors.
It also imposed an eight-percent sales tax on beer.
The brewery’s creditors have said that they will not be paying the tax until at least 2019, but Sierra Nevada is not paying its bills.
The state’s attorney general filed a lawsuit against Sierra Nevada in 2015 and Sierra Nevada sued in January 2016, alleging that the state has the right to enforce the sales tax and have a say in its fate.
“We’re doing the best we can,” said Jeff Fusco, Sierra Nevada’s president and CEO.
“We’re still in this tough place and the governor wants to take away our franchise.”
Sierra Nevada is looking for a buyer for the brewery that opened in 2014.
It has secured a $10 million investment from a company that specializes in the development of new brewery facilities.
The deal will help the brewery reach its financial goals.
The company’s new owner, Alejandro Avila, is known for his business acumen and entrepreneurial spirit.
Avilas investment is based on his experience as an entrepreneur and former businessman, he said.
Fusco said he will not name the company that is buying the brewery.
He said the new owner will also have an impact on how the company operates.
“Alejandro will be responsible for the management of the brewery and the day-to-day operations,” he said, adding that the new owners will have the same rights as the current owners.
“He will have ultimate say in the day to day operations, and we will be able to manage things a little bit better and operate more efficiently.”
Al Jazeera’s Chris Williams, reporting from San Francisco, said that this move by the new brewery could have significant financial ramifications for the state.
“What it means for the State of Nevada is that we have a very wealthy brewery and a very successful brewery, and they will have an even bigger impact on the state economy,” he added.
“If the brewery goes under, then they will be the primary employer of the state and they could have a bigger impact,” he warned.
“The new owners can potentially create jobs and bring more money to the state.”
According to Fuscom, the new brewer will bring new and innovative products to the community.
“I think we will see some very creative ideas,” he told Al Jazeera.
“People will be talking about the brand new brewery, about the new beers, and that will make Sierra Nevada more relevant to the local community.”
Follow Chris Williams on Twitter: @ChrisWilliamsAl Jazeera