Hard seltzer’s sales may have peaked in 2020 at $4.1 billion, but Happy Dad CEO Sam Shahidi believes there’s still a mountain to climb for his company. Speaking to Brewbound earlier this year, Shahidi laid out a 3-year vision for challenging White Claw as the top-selling hard seltzer brand. Happy Dad has charted an upward trajectory in a segment that has shed around $1 billion in sales since its peak 5 years ago. Shahidi founded Happy Dad in June 2021 with his brother John Shahidi and Kyle Forgeard, a co-founder of the Canadian-American YouTube channel, Nelk. Although they missed hard seltzer’s apex sales year, Shahidi explained why he believes Happy Dad has succeeded while brands that traded on the equity of popular beers have failed. “We made the Shake Shack of seltzers while everybody else was trying to copy freaking Carl’s Jr. or Burger King,” he said. Insiders can read more about Happy Dad’s trends and recent VC investment, as well as details on its transition from wine and spirits distributors to beer wholesalers, the demographics of its consumers and its Canadian business. |