Small investors turn on James Watt after BrewDog co-founder admits ‘many mistakes’

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BrewDog co-founder James Watt has faced criticism from small investors after admitting to mistakes following the company's sale to Tilray Brands for £33 million. Watt's apology on LinkedIn came after over 200,000 "equity punks" who invested £75 million in BrewDog through crowdfunding received nothing from the sale. This was partly due to a prior investment deal with TSG that allowed Watt and co-founder Martin Dickie to cash out £100 million, prioritizing institutional investors over crowdfunding investors. The sale also resulted in the closure of 38 BrewDog bars and the loss of 484 jobs, drawing criticism from the Unite trade union. Investors have voiced their anger and disappointment online, questioning Watt's actions and his self-proclaimed "punk" image.
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