"While we were excited about the potential of Monkey Paw, the decision to sell came from the need to refocus our energy toward Coronado Brewing," Richards said. "We’re confident that the award-winning Monkey Paw brewery has brand equity that can be of value to someone looking to enter the craft industry."
CBC said they would keep the downtown brewpub open while fielding offers for Monkey Paw.
However, Richards told 10News Tuesday they are still looking for a buyer for the brand and are now determining the best use for Monkey Paw's former space.
Richards added that CBC is currently producing Monkey Paw beers on an as needed basis.