 When Lakeport was incorporated on April 27, 2005, Cascioli became CEO, although her ownership was reduced to about 20%.On February 1, 2007 Labatt Brewery, owned by InBev, made an offer of CAD$201.4 million to purchase Lakeport.Cascioli, as the largest shareholder, stood to gain more than CAD$40 million, and she and the board of directors recommended the sale to Lakeport shareholders.