05:23:09 EDT Tue 22 Oct 2024
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Big Rock Brewery Inc
Symbol BR
Shares Issued 6,981,628
Close 2024-08-26 C$ 1.25
Market Cap C$ 8,727,035
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Globe says this time Big Rock ducks worst of water woes

2024-08-27 08:39 ET - In the News

The Globe and Mail reports in its Tuesday edition that Calgarians are being asked to tighten their water belts once again as further repairs begin on the city's compromised water main, which first ruptured in June. The Globe's Allana Smith writes on June 5 the Bearspaw south feeder main burst, causing an unprecedented water-supply crisis for residents of Calgary and surrounding communities. Most restrictions had been lifted by the start of August when the city announced additional, urgent repairs were needed on the main feeder line. But the highest level of restrictions returned on Monday, the day before the massive drinking water pipe goes off-line to be mended. Brad Goddard at Big Rock Brewery said if there was a convenient time to put the brakes on water usage for breweries, it would be now. He said summer demand will be dwindling soon and Big Rock was able to brew a backlog of fall blends earlier this month. Big Rock, Canada's largest independent craft brewer, was unable to make up the inventory it lost when Calgary's water main ruptured in June and forced the brewery to hold back the production of 58,000 cases. Mr. Goddard said Big Rock scraped by but the financial toll has not yet been fully realized.

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