Australia's Mighty Craft eyes best day in 2 weeks on NZ distribution deal

Mighty Craft

07/07/2022 02:16

** Shares of craft beer maker Mighty Craft Ltd  MCL.AX  jump
as much as 8.6% to A$0.190, on track for their biggest intraday
pct rise since June 23 
    ** Co says it signed a term sheet with New Zealand-based
brewing firm DB Breweries and Better Beer Co  urn:newsml:reuters.com:*:nFWN2YN1CZ
    ** Says deal for distribution of beer in New Zealand
expected to launch in October this year 
    ** Shares hit their highest since June 27 
    ** MCL down 43.6% this year, as of last close, vs a 11.3%
decrease in the benchmark S&P/ASX 200 index  .AXJO  

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))