Welcome to our dedicated page for 1812 Brewing Company news (Ticker: KEGS), a resource for investors and traders seeking the latest updates and insights on 1812 Brewing Company stock.
1812 Brewing Company Inc. (KEGS) operates a growing network of craft breweries producing award-winning beers including War of 1812 Amber Ale and Thousand Islands IPA. This news hub provides investors and industry followers with essential updates on financial developments, strategic partnerships, and market expansions.
Access official press releases detailing distribution growth initiatives, brewing competition achievements, and operational updates. The curated collection features updates on e-commerce developments, retail partnerships, and production innovations that drive the company's national expansion strategy.
Key coverage areas span brewery acquisitions, new product launches, industry recognition, and financial performance. Bookmark this page for streamlined access to KEGS's latest business developments and brewing industry leadership updates. Monitor the company's progress in creating accessible craft beer experiences through strategic growth initiatives.
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1812 Brewing Company, Inc. (OTC PINK:KEGS) has finalized the acquisition of Maggie's on the River, a full-service dining operation in Watertown, NY. The acquisition is expected to generate an annual incremental revenue of about $2 million and provide access to a population of approximately 117,600 people. The company received the final financing approval for the $1.4 million acquisition, with support from various economic development agencies. Additionally, 1812's gold-medal winning beer, War of 1812 Amber Ale, has been picked up by about 50 locations of Ontario Canada's largest beer-only retailer, The Beer Store.
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1812 Brewing Company, Inc. (OTC Markets: KEGS) has announced the acquisition of Maggie's on the River, a former industrial space in Watertown, NY, which posted pre-pandemic sales of approximately $2.5 million. The acquisition provides 1812 Brewing Company brands direct access to a population of approximately 117,600 people. The transaction is subject to financing and licensing approval by the New York State Liquor Authority. Additionally, the company's beers are now available for e-commerce orders and have been picked up by approximately 50 locations of Ontario Canada's largest beer-only retailer.
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1812 Brewing Company, Inc. (KEGS) has signed a contract with Liquid Rails and Torch & Crown to ship its beers direct-to-consumers in over 45 states plus the District of Columbia. Pre-orders for War of 1812 Amber Ale, Thousand Islands IPA, Helles Bells Lager, and Route 11 Lager have commenced with products expected to begin shipping in December. This move aims to meet the demand for their products from across the country, especially from soldiers and their family members stationed at the United States Army's 10th Mountain Division base in Fort Drum, NY.
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1812 Brewing Company, Inc. (KEGS) announces the launch of its multi-gold medal winning beer, War of 1812 Amber Ale, at Ontario Canada's largest beer retailer, The Beer Store. The initial rollout includes 49 locations from London, ON to Ottawa, ON. The Province of Ontario has the largest beer sales in Canada, with 2021 sales of approximately Can$1.45 billion. The Company's War of 1812 Amber Ale has received numerous top awards in international beer competitions.
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1812 Brewing Company, Inc. (KEGS) earns one Platinum, one Gold, and two Silver medals in the 2023 Brewski Awards for its beers, including the War of 1812 Amber Ale winning the Gold Medal in the 'American-Style Amber/Red Ale' category. The Company's Chairman and CEO, Tom Scozzafava, expressed satisfaction with the recognition and highlighted the potential for sales growth and product diversity. The Brewski Awards, known for its high standards and experienced judging panel, aims to promote outstanding beer brands.
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1812 Brewing Company, Inc. (KEGS) announces the clearance for sale of its multi-gold medal winning War of 1812 Amber Ale, '1812 Amber,' in the Ontario Province beer market, which has beer sales of approximately CN$1.45 billion. The beer has passed all quality assurance tests and is now cleared for sale and shipment from the LCBO's warehouses, with distribution to independent grocery stores, Beer Stores, and LCBO retail stores across Ontario. The Company's proximity to the Canadian border and its regional history make its products a natural fit in the Canadian market. The War of 1812 Amber Ale has received several gold medals in international beer competitions, solidifying its quality and appeal to consumers.
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1812 Brewing Company, Inc. (OTC Pink:KEGS) has won the United States Gold Medal in the Amber Ale category and the World Gold Medal in the cream ale category at the World Beer Awards. The company expects to sell ten times more of its Wolves Den Cream Ale this year. Additionally, the company has hired a Texas-based firm to assist with direct sales and marketing as it prepares to launch its own e-commerce website in 2023.
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1812 Brewing Company announces approval of two new products for sale at Price Chopper Markets
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1812 Brewing Company, Inc. (OTC PINK:KEGS) terminates debt restructuring program with Trillium Partners LP, citing market conditions and the need to focus on business growth. The company will end the 3(a)10 debt transaction after repaying Trillium's first payment of $500,000, with the debt transferring back to original CD holders. Chairman and CEO Tom Scozzafava highlights the impact of rising interest rates and market weakness on KEGS' stock, expressing the company's commitment to refocus on business growth.
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