05:26:03 EDT Tue 22 Oct 2024
Enter Symbol
or Name
USA
CA



Big Rock Brewery Inc
Symbol BR
Shares Issued 6,981,628
Close 2024-08-12 C$ 1.15
Market Cap C$ 8,028,872
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Big Rock Brewery signs three-year production deal

2024-08-12 14:15 ET - News Release

Mr. David Kinder reports

BIG ROCK BREWERY SECURES NEW MULTI-YEAR AGREEMENT

Big Rock Brewery Inc. has entered into a new three-year production and sales agency agreement with a strategic partner.

Under the terms of the agreement, the corporation will produce various ready-to-drink (RTD) alcoholic beverages at its brewing, packaging and warehousing facility in Calgary and anticipates incremental volumes of 50,000 hectolitres or more annually. The corporation shall also be responsible for selling the RTD products destined for the Alberta market. The anticipated increased volumes are expected to help balance the corporation's overall production levels, providing for manufacturing economies of scale.

"We believe that the signing of the agreement marks a positive step forward as we continue to work to grow volumes and revenues consistent with our strategic plan," stated David Kinder, president and chief executive officer of Big Rock. "We expect the addition of these volumes will allow us to leverage our existing capacity and take advantage of the greater functionality of our recently introduced high-speed, continuous-motion packaging equipment, the QuikFlex 2100G3. Our ability to take this opportunity on is only possible due to the capabilities of our people, both in our production facility and in our sales organization, and our ability to produce complex, high-quality beverages at scale."

About Big Rock Brewery Inc.

In 1985, Ed McNally founded Big Rock to contest the beer trends of time. Three bold, European-inspired offerings -- bitter, porter and traditional ale -- forged an industry at a time heavy on easy-drinking lagers and light on flavour. Today, Big Rock's extensive portfolio of signature beers, continuing seasonal offerings, six ciders (Rock Creek Cider series), and custom-crafted private label products and other notable, licensed alcoholic beverages keeps Big Rock at the forefront of the craft beer revolution and still proudly contesting the beer and alcoholic beverage trends of today, with brewing operations in Calgary, Alta., Vancouver, B.C., and Toronto, Ont. Big Rock trades on the Toronto Stock Exchange under the symbol BR.

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