Hoplark Raised $25 Million as Nonalcoholic Drinks Boomed. It Just Filed for Bankruptcy

The hop-water maker raised more than $25 million, but revenue plunged as distribution costs, tight shelf space, and weak retail demand caught up with the business.

BY LUCIA AUERBACH, NEWS WRITER

Americans are drinking less, but that still wasn’t enough to save this nonalcoholic beverage brand. 

Hoplark, the........

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