(1) In the event a small craft brewery is acquired by an entity that manufactures light wine or beer that does not fall within the definition of the term “small craft brewery,” the entity that acquired the small craft brewery may continue to operate the brewery as a small craft brewery for as long as the acquired facility meets the definition of the term “small craft brewery”; however, the limit in Section 67-3-3 on the amount of barrels of light wine or beer that a small craft brewery may produce shall not apply to light wine or beer that is not produced by the acquired small craft brewery.

(2) In the event a small craft brewery acquires an entity that manufactures light wine or beer that does not fall within the definition of the term “small craft brewery,” the small craft brewery that acquired the entity may continue to operate as a small craft brewery for as long as the brewery meets the definition of the term “small craft brewery.” The light wine or beer produced by the entity that is acquired by a small craft brewery shall not apply to the limit in Section 67-3-3 on the amount of light wine or beer that the small craft brewery may produce.

(3) A small craft brewery described in subsections (1) and (2) of this section may continue to sell at retail brands the small craft brewery produces on its premises at all locations at which it was selling the brands at retail at the time of the acquisition; however, the small craft brewery may not sell at retail brands produced by the entity that acquired it or by the entity it acquires, as the case may be.