1812 BREWING COMPANY INC - KEGS STOCK NEWS

1812 Brewing Company (OTC PINK:KEGS) has announced that its Thousand Islands India Pale Ale won the bronze medal at the 2023 New York International Beer Competition. The company also received the 2023 New York Amber Ale Brewery of the Year award for its War of 1812 Amber Ale. This competition featured over 700 entries from more than 15 countries, judged by top beer buyers and trade professionals.

The Thousand Islands IPA is a 6.8% ABV West Coast-style IPA, notable for its bold hop aroma and flavors. The company aims to leverage this recognition to enhance its market presence, including partnerships with TapRm.com for direct-to-consumer sales of its beers in 45 states and Washington D.C.

1812 Brewing Company (KEGS) has advanced to the next phase of its application to sell its award-winning War of 1812 Amber Ale in Ontario, facilitated by the Liquor Control Board of Ontario. The location's proximity to the Canadian border and Ontario's vast beer market were pivotal in this decision. Additionally, 1812 Brewing is exploring distribution agreements with Beverage Concepts Intl. for expansion into British Columbia and Alberta. Recently, the company executed a distribution agreement covering New York City and surrounding areas, enhancing its consumer reach across 45 states.

1812 Brewing Company (KEGS) has signed a Memorandum of Understanding (MOU) with EVERMIND to secure investment capital for the production of plant-based functional food and beverages aimed at cognitive health. EVERMIND, which has raised $1.5 million at a $4 million pre-money valuation, plans to offer products promising short and long-term brain health benefits. The collaboration is expected to enhance KEGS' product portfolio and tap into the growing market of functional beverages. Industry giants have shown interest in this sector, further validating its potential.

1812 Brewing Company (KEGS) reports a remarkable start to 2023 with beer sales exceeding 280% of the same period in 2022. This surge is attributed to new distributor partnerships, such as TapRm.com, and the introduction of new products like the Thousand Islands IPA and Wolves Den Cream Ale. The Brew Pub has also seen an 84% increase in January revenues, suggesting positive customer engagement. Ongoing discussions with distributors to expand product offerings indicate potential for future growth. The company continues its commitment to maintaining brand autonomy while fostering collaboration among its breweries.

1812 Brewing Company (OTC PINK:KEGS) has engaged The Chef Agency to recruit experienced hospitality professionals as part of its expansion into a multi-unit gastro pub concept. This initiative aims to enhance its food offerings in conjunction with its award-winning beers. CEO Tom Scozzafava highlighted the importance of introducing the "1812 brand" into new markets through restaurant ventures.

Additionally, the company is working with Fine Beers Agency to initiate the registration of its flagship product, War of 1812 Amber Ale, with the Liquor Control Board of Ontario, targeting approximately 50 locations. Sales of the ale via TapRm.com remain strong, enhancing overall product visibility.

1812 Brewing Company (OTC Markets: KEGS) has provided an update on its strategic initiatives as of January 27, 2023. The company has issued an Indication of Interest for a potential acquisition that could significantly enhance its brewery network strategy, pending terms and financing. Additionally, KEGS is advancing its entry into the Canadian market by applying for product approvals with the Liquor Control Board of Ontario, which could lead to sales through 450 Beer Store locations and LCBO. The company is also exploring investments outside the beer sector, including discussions with a popular bourbon brand. Sales of products on TapRm.com continue to be strong, covering 45 states and Washington DC.

1812 Brewing Company (OTC PINK: KEGS) has initiated the application process to enter the Canadian beer market, starting with Ontario, Canada's largest beer market. This decision is supported by a partnership with Fine Beer Agency Ltd. to enhance market entry and sales strategies. The Canadian beer market is projected to reach $17.3 billion in 2023, with craft beer sales significantly increasing. Additionally, KEGS announced a distribution agreement covering the greater New York City area, expanding its reach. The company aims to foster brand growth while maintaining local uniqueness and autonomy.

1812 Brewing Company (OTC PINK:KEGS) announced a significant distribution agreement covering the greater New York City area, expanding its reach to bars, restaurants, and stores. This move builds upon their earlier partnership with TapRm.com, allowing direct-to-consumer orders in 45 states. Chairman & CEO Tom Scozzafava expressed optimism about entering this major market and highlighted new meetings with potential clients. Additionally, the company has partnered with distributor AJ Missert in St. Lawrence County, reinforcing its local connections. KEGS aims to foster brand growth and operational efficiency through a national network of craft breweries.