CALGARY,
AB, Nov. 26, 2024 /CNW/ - Big Rock Brewery
Inc. (TSX: BR) ("Big Rock" or the
"Corporation") is pleased to announce that it has entered
into a new 3-year production agreement with a strategic partner
(the "Agreement").
Under the terms of the Agreement, the Corporation will produce
various ready-to drink ("RTD") and Beer beverages at its
brewing, packaging and warehousing facility in Calgary and anticipates incremental volumes of
50,000 hectolitres or more annually. "This agreement, combined with
our previously announced multi-year deal signed on August 12, brings the total new contracts secured
this year to 100,000 hectoliters, and marks another significant
milestone as we continue to execute on our strategic plan to drive
growth in volumes and revenues & grow our RTD production
footprint. Our continued investment in our production capabilities
and in our people were instrumental in securing the agreement."
stated David Kinder, President and
Chief Executive Officer of Big Rock.
Forward-Looking Information
Certain statements contained in this press release constitute
forward-looking statements. These statements relate to future
events or Big Rock's future performance. All statements, other than
statements of historical fact, may be forward-looking statements.
Forward-looking information are not facts, but only predictions and
generally can be identified by the use of statements that include
words or phrases such as, "anticipate", "believe", "continue",
"could", "estimate", "expect", "intend", "likely", "may",
"project", "predict", "propose", "potential", "might", "plan",
"seek", "should", "targeting", "will", and similar expressions.
These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. Big Rock believes that the expectations reflected in
those forward-looking statements are reasonable, but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements included in this press release
should not be unduly relied upon by readers, as actual results may
vary materially from such forward-looking statements. These
statements speak only as of the date of this press release and are
expressly qualified, in their entirety, by this cautionary
statement.
In particular, this press release contains forward-looking
statements pertaining to the following: the anticipated incremental
volumes of 50,000 hectolitres or more annually as a result of the
Agreement and the expected benefits therefrom; and Big Rock's
belief that it will continue to execute on its strategic plan to
drive growth in volumes and revenues.
With respect to the forward-looking statements listed above and
contained in this press release, management has made assumptions
regarding, among other things: the incremental volumes anticipated
as a result of the Agreement; the demand for RTD products; the
Corporation's ability to perform its production obligations under
the Agreement; the Corporation's ability to sell the RTD products
produced in Alberta; the
functionality of the Corporation's recently introduced high-speed,
continuous-motion packaging equipment; the ability of the
counterparty under the Agreement to perform and comply with its
obligations thereunder, including with respect to its payment
obligations; and the Corporation's ability to continue to execute
on its strategic plan to drive growth in volumes and revenues.
Some of the risks which could affect future results and could
cause results to differ materially from those expressed in the
forward-looking information and statements contained herein include
the risk factors set out in the Corporation's annual information
form for the year ended December 30,
2023 which is available on SEDAR+ at www.sedarplus.ca and
also include, but are not limited to the risk that the assumptions
of Big Rock's management in respect of the Agreement, including,
without limitation, the aforementioned assumptions, may not be
correct.
Readers are cautioned that the foregoing list of assumptions and
risk factors is not exhaustive. The forward-looking information and
statements contained herein are expressly qualified in their
entirety by this cautionary statement. The forward-looking
information and statements included in this press release are made
as of the date hereof and Big Rock does not undertake any
obligation to publicly update such forward-looking information and
statements to reflect new information, subsequent events or
otherwise unless so required by applicable securities laws.
About Big Rock Brewery Inc.
In 1985, Ed McNally founded Big
Rock to contest the time's beer trends. Three bold,
European-inspired offerings – Bitter, Porter and Traditional Ale –
forged an industry at a time heavy on easy drinking lagers and
light on flavour. Today, our extensive portfolio of signature
beers, ongoing seasonal offerings, six ciders (Rock Creek Cider®
series), custom-crafted private label products and other notable,
licensed alcoholic beverages keeps us at the forefront of the craft
beer revolution and still proudly contesting the beer and alcoholic
beverage trends of today. Big Rock has brewing operations in
Calgary, Alberta and Toronto, Ontario. Big Rock trades on the TSX
under the symbol "BR". For more information on Big Rock visit
www.bigrockbeer.com
SOURCE Big Rock Brewery Inc.
