Midwood Capital Management, LLC announced that it has delivered a letter to the Independent Directors of Craft Brew Alliance, Inc. (NasdaqGS: BREW)'s Board highlighting the substantial gap between Craft Brew's public market trading price and its intrinsic value. Midwood encouraged the Board to recognize the difficulties CBA faces to sustainably create shareholder value as an independent company and to ultimately pursue a sale of Craft Brew either to Anheuser-Busch InBev SA/NV (ENXTBR:ABI) or to a third party.