1812 BREWING COMPANY INC - KEGS STOCK NEWS

1812 Brewing Company (KEGS) has announced an engagement with Tully & Holland to pursue strategic acquisitions in the craft brewing sector. The company’s flagship beer, War of 1812 Amber Ale, is being increasingly featured in various bars and restaurants, including Olive Garden and Buffalo Wild Wings. Demand for the award-winning ale remains strong, thanks to effective distribution by Doldo Brothers, Inc. 1812 Brewing aims to expand its presence in New York and the Northeast, focusing on building a nationwide network of craft breweries.

1812 Brewing Company (OTC Pink: KEGS) has engaged Tully & Holland Incorporated, a Boston-based investment bank, to pursue strategic acquisitions in the craft brewing industry. The bank will create a target list of craft breweries and negotiate potential acquisition terms. This annual contract leverages Tully & Holland's expertise in consumer beverages, particularly in microbrewery transactions. The company aims to build a nationwide network of craft breweries to enhance brand growth and operational efficiencies while maintaining local uniqueness.

1812 Brewing Company (OTC Pink: KEGS) announced significant achievements as it establishes itself in the craft beer industry. Over the past two years, the company organized its records to maintain trading status and rebranded to 1812 Brewing Company, enhancing its market presence. Production capacity was increased by nearly 1,000% following strategic acquisitions, including a new facility and brewing equipment. KEGS has invested almost $2.5 million to support this growth. Looking forward, the company plans to reduce authorized shares and aims to achieve cash flow positivity by the end of 2022.

1812 Brewing Company (OTC Pink: KEGS) announced the launch of two new beers, Hazy Oasis Pale Ale and Featherhammer Ale, following the success of its War of 1812 Amber Ale, which won a top medal at the 2022 New York International Beer Competition. Hazy Oasis Pale Ale, at 4.7% ABV, features tropical hop aromas, while Featherhammer Ale, at 8% ABV, is a traditional German Maibock brewed over two months for a smooth finish. The company aims to build a nationwide craft brewery network to enhance brand growth and operational efficiency.

1812 Brewing Company (OTC Pink: KEGS) is launching two new beers, Sweet Leaf IPA and Smokin’ Aces Ale, utilizing locally sourced organic industrial hemp. The company aims to capitalize on New York's cannabis legalization, enhancing its position in the craft brewing market. CEO Tom Scozzafava highlighted an emerging segment in the industry and the company's recent recognition at the 2022 New York International Beer Competition, where its War of 1812 Amber Ale received a top medal among 700+ entries.

1812 Brewing Company (OTC Pink: KEGS) announced that its War of 1812 Amber Ale won a bronze medal at the 2022 New York International Beer Competition held in February. The competition featured over 700 breweries from more than 15 countries, judged by top trade buyers. This recognition validates the quality of their product and its market potential. Notably, this was the first bottling run for the company, marking a significant milestone. The competition highlighted the exceptional quality of entries from various regions.

1812 Brewing Company (OTC Pink: KEGS) announced the cancellation of 500 million shares held by CEO Tom Scozzafava as part of a strategy to enhance shareholder value. The company has also significantly reduced its convertible debentures from over $860,000 to $250,000, eliminating equity conversion features. Additionally, it plans to decrease authorized shares by up to 100%. Future growth will focus on acquisitions, particularly breweries that enhance geographic reach and product diversity, including hard ciders and seltzers.

1812 Brewing Company (OTC Pink: KEGS) announced a 50% reduction in its authorized shares, dropping from approximately 20 billion to 10 billion. This strategic move aims to enhance the company’s cost of capital efficiency and improve market perception. Chairman Tom Scozzafava emphasized that having such a high share count could be detrimental, and if operational progress continues, a further 50% reduction may follow. The changes are pending shareholder and board approval, along with filing acceptance in Florida.

1812 Brewing Company has formed a wholly owned subsidiary, 1812 Acquisition Company, to facilitate strategic acquisitions in the craft brewing sector. This initiative is part of a three-pronged growth strategy aimed at expanding its brand portfolio and enhancing production capabilities. The company intends to acquire breweries that complement its existing offerings and broaden its geographic reach. Chairman and CEO Tom Scozzafava emphasized that this step positions the company to pursue acquisition opportunities effectively.