PR Newswire
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES/
CALGARY, AB, Jan. 14, 2025 /CNW/ - Big Rock Brewery Inc. (TSX: BR) ("Big Rock" or the "Corporation") is pleased to announce that, due to substantial interest, it has increased the maximum size of its previously announced private placement (the "Private Placement") of common shares in the capital of the Corporation ("Common Shares") at a price of $1.00 per Common Share from $8 million to $8.4 million (the "Private Placement Increase").
TORONTO, Jan. 8, 2025 /CNW/ - Trading resumes in:
Company: Big Rock Brewery Inc.
TSX Symbol: BR
All Issues: Yes
Resumption (ET): 8:00 AM
CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada..
SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES/
CALGARY, AB, Jan. 7, 2025 /CNW/ - Big Rock Brewery Inc. (TSX: BR) ("Big Rock" or the "Corporation") is pleased to announce the execution of a binding debt settlement agreement (the "Debt Settlement Agreement") with VN Capital Fund I, LP (together with its affiliates, "VN Capital"), the Corporation's lender under its second lien term facility (the "Second Lien Facility") in respect of the settlement of all indebtedness and liabilities owing by the Corporation to VN Capital under the Second Lien Facility (the "Debt Settlement"). VN Capital is the Corporation's largest shareholder, owning or controlling (directly or indirectly), as of the date of this press release, 2,017,100 common shares in the capital of the Corporation ("Common Shares") (representing approximately 28.8% of the issued and outstanding Common Shares on a non-diluted basis) and as such is considered an "insider" of the Corporation for the purposes of the TSX Company Manual and a "related party" of the Corporation pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101").
TORONTO, Jan. 7, 2025 /CNW/ - The following issues have been halted by CIRO:
Company: Big Rock Brewery Inc.
TSX Symbol: BR
All Issues: Yes
Reason: Pending News
Halt Time (ET): 3:33 PM
CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
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.
CALGARY, AB, Nov. 20, 2024 /CNW/ - Big Rock Brewery Inc. (TSX: BR) ("Big Rock" or the "Corporation") is pleased to announce the expansion of its second lien financing (the "Second Lien Financing") with its principal shareholder, VN Capital Fund I, LP ("VN Capital"), by $500,000. In addition, the entire Second Lien Financing has been extended to mature on March 31, 2025.
The expanded financing will enhance Big Rock's financial flexibility as it continues to optimize its operations and pursue its growth objectives in the ready to drink ("RTD") market. Capital investments will be prioritized to grow both the capacity and capability within the RTD Category. The Corporation values the continued support of VN Capital, which underscores their confidence in Big Rock's long-term strategy.
CALGARY, AB, Nov. 8, 2024 /CNW/ - Big Rock Brewery Inc. (TSX: BR) ("Big Rock" or the "Corporation") today announces its financial results for the three and nine-month periods ended September 30, 2024.
Financial Summary
For the three months ended September 30, 2024, compared to the three months ended September 30, 2023, the Corporation reported:
net revenue increased by 10.6% to $12.8 million primarily due to increased co-packing activity;wholesale sales volumes went down 6.2% to 41,705 hectolitres ("hl") compared to 44,451 hl;operating loss increased to ($0.3 million) from operating income of less than $0.1 million;net loss increased to ($0.9 million) from a net loss of ($0.2 million); andAdjusted EBITDA decreased to $0.3 million from $1.0 million. Adjusted EBITDA is a non-GAAP financial measure, see "Non-GAAP Measures".
CALGARY, AB, Aug. 16, 2024 /CNW/ - Big Rock Brewery Inc. (TSX: BR) ("Big Rock" or the "Corporation") is excited to announce the appointment of Mr. James Chong to the position of Chief Financial Officer, effective August 16th, 2024. Mr. Chong will replace Mr. Michael Holditch, who served as the Corporation's Interim Chief Financial Officer for the past 13 months.
James joins us with over 20 years of financial leadership experience, and a proven track record of driving cost and performance improvements, resulting in significant revenue growth. Prior to joining Big Rock, Mr. Chong served as Chief Financial Officer at Korite International Limited Partnership and prior to that as CFO with Cematrix Corp, and has held senior roles for a number of companies within the Oil & Gas sector. James started his career with Ernst & Young. James hold s a Bachelor of Commerce degree from the University of Calgary and is a CPA and a CFA charter holder.
CALGARY, AB, Aug. 14, 2024 /CNW/ - Big Rock Brewery Inc. (TSX: BR) ("Big Rock" or the "Corporation") today announces its financial results for the three and six-month periods ended June 30, 2024.
Financial Summary
For the three months ended June 30, 2024, compared to the three months ended June 30, 2023, the Corporation reported:
net revenue declined by 2.8% to $12.3 million primarily due to reduced co-packing activity;wholesale sales volumes down 7.2% to 40,519 hectolitres ("hl") compared to 43,660 hl;operating loss increased to ($0.7 million) from operating income of less than $0.1 million;net income increased to $0.2 million from a net loss of ($0.3 million); andAdjusted EBITDA decreased to $0.2 million from $1.2 million. Adjusted EBITDA is a non-GAAP financial measure, see "Non-GAAP Measures".
CALGARY, AB, Aug. 12, 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 and sales agency agreement with a strategic partner (the "Agreement").
Under the terms of the Agreement, the Corporation will produce various ready-to drink ("RTD") alcoholic beverages at its brewing, packaging and warehousing facility in Calgary and anticipates incremental volumes of 50,000 hectolitres or more annually. The Corporation shall also be responsible for selling the RTD products destined for the Alberta market. The anticipated increased volumes are expected to help balance the Corporation's overall production levels, providing for manufacturing economies of scale.
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