The Black Sheep Brewery PLC said it has commenced a strategic review to explore available funding options.
All options are being considered, according to a statement, including a merger or an acquisition of the company.
While the Yorkshire brewery and pub operator said it is currently experiencing good sales volumes, there remains a “significant constraint” on funding due to the economic conditions.
An 'offer period' has now commenced following the release of today’s statement.
Black Sheep said it is not currently in talks with any potential offeror.
“Forward funding is an issue for many businesses in the tight market brought about by the after-effects of Covid-19 on the hospitality sector and this is exacerbated by the cost-of-living issues affecting consumer spending,” said chair and CEO Charlene Lyons.
“We are confident that the wider investment market will see the opportunities presented by this well-established and highly regarded brand."