Mighty Craft agreed to sell the assets of Mismatch Brewing Company and The Hills Distillery, which operate under the brand names 'Mismatch' and' 78 Degrees', respectively, to a consortium led by experienced Australian publicans.

The cash sale, which includes brands, intellectual property, inventory, and licenses, is valued at at least $7.2 million.

Approximately half of the proceeds will be used to repay Mighty Craft's debts, with the rest supporting ongoing operations.

The sale is expected to be completed by May 31, pending liquor license transfers and staff transitions.