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1812 Brewing Company Inc. (KEGS) is an operator and investor in craft breweries, working to build a nationwide network to support brand growth at local, regional, and national levels. The company seeks to promote its award-winning beers such as War of 1812 Amber Ale, Thousand Islands IPA, Helles Bells Lager, and Route 11 Lager.
The Company recently won multiple medals in international beer competitions, including the Brewski Awards, establishing themselves as leaders in the craft beer industry. 1812 Brewing Company is expanding its distribution, partnering with wine stores and developing an e-commerce website for direct-to-consumer sales.
With recent acquisitions and strategic partnerships, 1812 Brewing Company aims to increase brand visibility and accessibility, catering to a diverse consumer base. The Company's commitment to quality, innovation, and community engagement positions it as a key player in the craft brewing landscape.
1812 Brewing Company (OTC Pink: KEGS) announced the finalization of its Thousand Islands IPA recipe, set for release in 12-ounce bottles and 16-ounce cans. The modification from the original Thousand Islands Pale Ale was minimal due to its higher ABV. The company has secured financing and finalized an agreement for a new can filling and labeling line, aiming for installation in 2022. This will allow packaging flexibility and is expected to enhance production of both the new IPA and War of 1812 Amber Ale.
1812 Brewing Company (KEGS) is strategically exploring the alcohol-free beverage market, focusing on craft sodas and ready-to-drink teas in addition to its core beer business. The global craft soda market is projected to grow from $641.24 million in 2021 to $768.08 million by 2027. Simultaneously, the ready-to-drink tea and coffee market is set to increase from $86.8 billion in 2021 to $117.6 billion by 2028. The company is also considering nutraceuticals, leveraging the potential health benefits of Australian Jelly Bush Honey. This diversification could significantly expand its market reach.
1812 Brewing Company (KEGS) has successfully commissioned its new Premier Stainless 30 barrel brewing system in Watertown, NY, enhancing its brewing capacity to approximately 1,250 case-equivalents per session. This strategic move aims to transition from contract brewing to self-sufficiency and is expected to drive short-term growth, particularly in the Northeast and Canada. The inaugural brew was its award-winning War of 1812 Amber Ale, which has gained impressive recognition, recently winning gold at the World Beer Awards.
Additionally, KEGS is finalizing a can filling and labeling line to increase packaging flexibility.
1812 Brewing Company (OTC Pink: KEGS) announced a non-binding Letter of Intent to acquire a regional New York brewery. This acquisition aims to enhance retail outlets for both companies and reduce seasonality. CEO Tom Scozzafava highlighted the potential for growth through shared resources. Furthermore, 1812 Brewing secured financing for a new can filling line and received a Gold Medal for its Amber Ale at the World Beer Awards.
1812 Brewing Company (OTC Pink: KEGS) announced its acquisition of a five-head can filling and labeling line from Wild Goose Filling and Ska Fabricating. The new canning line will enhance production capabilities, allowing packaging in bottles, cans, or draft, meeting consumer preferences. This move also mitigates financial risks associated with glass and aluminum market volatility. The company aims to leverage its proximity to Canada to tap into the craft beer market, particularly with popular brands like War of 1812 Amber Ale.
1812 Brewing Company (OTC Pink: KEGS) is in advanced discussions to restructure convertible notes exceeding $13 million. CEO Tom Scozzafava emphasized the necessity to reduce or eliminate these notes for future progress. In addition, Scozzafava announced the cancellation of 500 million shares from his holdings, totaling 1 billion shares eliminated. The company aims to build a nationwide network of craft breweries, fostering brand growth while maintaining their uniqueness.
1812 Brewing Company (OTC Pink: KEGS) announced that it has utilized proceeds from a fixed-price Regulation A offering to repay two variable price convertible debentures totaling approximately $300,000. These 'floorless' notes could have converted into stock at discounted rates, potentially diluting existing shareholder value. Chairman and CEO Tom Scozzafava emphasized that repaying these notes provides a long-term benefit, prioritizing financial stability over immediate operational investment.
1812 BREWING COMPANY (OTC Pink: KEGS) announced a reduction of its authorized shares by 10 billion, or 50%, effective March 31, 2022. This decision, approved by Florida’s Department of State, aims to enhance the company’s cost of capital and restructure its balance sheet. Chairman and CEO Tom Scozzafava emphasized that this step reflects a strategic move to avoid the unnecessary issuance of shares. KEGS continues to focus on addressing its convertible debentures as part of ongoing financial improvements.
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