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47Fig 27. Bill Owens, Bison Brewery in Fall. No Date, Color Photograph. Bill Owens Personal Archives.Even while running three brewpubs, Bill Owens wanted to open a mother brewery, a production facility to brew beer for five satellites and bottle beer for distribution. The satellites would continue brewing a signature beer, but the mother brewery would take care of seasonal and one-off products.135 In 1989, Owens advertised for limited partnership investors to raise $2.8 million, and received no serious offers. After months of struggle, Owens shelved the mother brewery concept and tried a new business model. He incorporated Owens Brewing Company in 1990, issuing 428,571 shares of preferred stock at $2.33 per share, with the goal of raising $1 million. The company would build a micro-brewery-restaurant with 10,000-barrel brewhouse for