Company Anticipates Each Party Benefiting Significantly From Transaction
$KEGS - 1812 Brewing Company Enters Into Letter of Intent to Purchase Brewery/Brew Pub
$KEGS - 1812 Brewing Company Enters Into Letter of Intent to Purchase Brewery/Brew Pub
Watertown, NY, Sept. 15, 2022 (GLOBE NEWSWIRE) -- 1812 BREWING COMPANY, INC. (OTC Pink: KEGS) (the "Company" or “KEGS”) is pleased to announce that it has entered into a non-binding Letter of Intent to acquire the assets and business of a New York State regional brewery and brew pub. The terms, including the final purchase price and the release of the target’s name, are subject to mutually agreed upon non-disclosure agreements.
Tom Scozzafava, Chairman and CEO of KEGS, stated, “What I can say is both parties are excited about this potential transaction. Each would give the other new retail outlets to showcase the other’s products outside their own, respective market. “Furthermore,” Mr. Scozzafava continued, “on the hospitality side the combined companies would be far less seasonal, and 1812 Brewing Company would leverage its new brewing, bottling, and soon-to-be canning infrastructure to unlock growth and value with the target’s brands. If we can close this deal, it would be a win-win.”
The Company recently announced that it had both finalized an equipment purchase agreement as well as secured private equipment financing to acquire a five-head can filling and labeling line from industry partners Wild Goose Filling (https://wildgoosefilling.com) and Ska Fabricating (https://skafabricating.com).
The Company also recently announced that it has been awarded the Gold Medal in the Amber Ale category for the United States in the prestigious World Beer Awards. The World Beer Awards are global awards selecting the very best in all the international recognized styles and to award and promote the world’s best beers to consumers and trade partners across the globe.
About 1812 Brewing Company (“KEGS or the “Company”):
KEGS is an operator of and investor in companies in the craft beer industry. The Company seeks to build a nationwide network of craft breweries to develop and foster respective brand growth at the local, regional, and national level. KEGS looks to build a network wherein certain economies of scale can be shared across it such as production, distribution footprint expansion, inter-member contract brewing, new product development, sharing of best brewery practices and scale logistics and transportation. The network is to be built through investment by 1812 Brewing Company while maintaining the members’ respective local and regional uniqueness, brand autonomy and direct involvement with its consumers. The Company seeks to be an “incubator” of growth for its holdings in the industry.
The Company’s current holding, 1812 Brewing Co., produces award-winning beers such as War of 1812 Amber Ale (“1812 Amber Ale”), 1812 Light, Hazy Oasis Pale Ale, Thousand Islands IPA, Malicious Intent XX IPA, Route 11 Lager, Railroad Red Ale, Helles Bells Pilsner, St. Stephens Stout, Third Rail Porter, Featherhammer Maibock.
For more updates follow us on Facebook, Twitter and Instagram.
https://www.facebook.com/1812BrewingCompany/ https://www.instagram.com/1812brewingco/ https://twitter.com/1812Brewing
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
$KEGS - 1812 Brewing Company Enters Into Letter of Intent to Purchase Brewery/Brew Pub
$KEGS - 1812 Brewing Company Enters Into Letter of Intent to Purchase Brewery/Brew Pub
You can't guess the bottom. But a bargain is a bargain.
We’re getting toward the tail end of the year, and it’s time to start deciding just how to allocate the portfolio for a solid year-end return. In a recent note from JPMorgan, focused on the energy sector, 5-star analyst Arun Jayaram recommended oil and gas producers as likely to beat the overall markets going forward. Getting quickly to the bottom line, Jayaram states, "We remain fans of the longer-term story for natural gas driven by a growing global demand for low cost U.S. gas exports." With
Figma's stats are extraordinary. There's a good chance --- and we'll know in a few years --- that the acquisition was worth it.
Time's almost up on ultra-low rates, so don't be caught off guard.
In this article, we discuss 10 Blue Chip Stocks to Buy Now According to billionaire D. E. Shaw. You can skip our detailed analysis of D E Shaw’s strategy and the current market outlook and go directly to 5 Blue Chip Stocks to Buy Now According to Billionaire D. E. Shaw. David E. Shaw is […]
(Bloomberg) -- From a start guarding trains full of metal from thieves on freezing winter nights, He Jinbi built a copper trading house so powerful that it handles one of every four tons imported into China.Most Read from BloombergBezos Loses Spot as World’s Second-Richest Person to AdaniPutin Threatens New Military Strikes on Ukraine InfrastructureUkraine Latest: Biden Warns Putin; Nuclear Plant Gets Grid PowerThere’s an Unusual Thing Happening in the Housing MarketTurkey Seeks to Be First NATO
Indian industrialist Gautam Adani surpassed the Amazon founder to become the world’s second-richest person, trailing only Elon Musk.
Intel Corporation stock is trending on the Yahoo Finance Platform. Here is a visualization of $INTC performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.
E-commerce company Shopify (NYSE: SHOP) was a big winner during COVID-19, but the stock has fallen from grace, down a whopping 80% from its peak. Investors may uncover more questions than answers as they dig into Shopify. Here is what's going on and why investors shouldn't assume that Shopify is cheap just because the stock's fallen so far.
Most stocks are having a lousy year in 2022. Here are a dozen that don't deserve being this deep in the red.
Income investors are always on the hunt for good stocks that for one reason or another have recently been out of favor, creating a scenario for a higher dividend yield along with possible future appreciation as the stock bounces back. Buying a stock on a decline sometimes involves a bit of courage, but the ability to lock in long-term higher yields makes the decision easier for most investors. At the moment, Medical Properties Trust Inc. (NYSE: MPW), a Birmingham, Alabama-based real estate inves
If just two themes have defined the stock market in 2022, those themes would be stock splits and the bear market. Both have disproportionately affected the technology sector, with some of the largest tech companies in the U.S. opting for stock splits to reduce their high share prices, and the Nasdaq-100 tech index bearing the brunt of the broader market losses. Palo Alto Networks (NASDAQ: PANW), Shopify (NYSE: SHOP), and Tesla (NASDAQ: TSLA) have all conducted stock splits this year, and each stock has touched its 52-week low within the last four months.
These game-changing stocks are ripe for the picking following a peak decline of 34% in the Nasdaq Composite.
Corporate landlords still like the space. Take advantage.
For four days running, shares of industrial giant General Electric (NYSE: GE) have gone nowhere but down, including a 3.7% decline on Friday. Partially, that downward pressure has come from inflation and rising interest rates, and partially from the possibility that its labor costs will rise. Its really big problem is in the supply chain.
Facebook was a member of the exclusive $1 trillion club a year ago, but it's fallen a long way since then.
Essentially, it's having a killer business model that doesn't need to change much to stay profitable, relevant, and rewarding for shareholders as the years roll by. With that thought in mind, let's examine a trio of stocks worth buying and holding forever -- and you've probably already heard of all three. Abbott Laboratories (NYSE: ABT) is a no-brainer stock for indefinite holding because it's always growing its dividend and making share repurchases to boost returns.
A profit warning from FedEx, an expensive acquisition for Adobe and fear of the Federal Reserve all weighed on the stock market.
The Purosangue is the Italian sports-car maker’s first family car. But since it’s Ferrari, it’s a lot of car and a lot of luxury.
Goldman Sachs chief markets economist Dominic Wilson and global markets strategist Vickie Chang crunched the numbers on what it would mean if Fed has to take a more aggressive path than the market is forecasting.