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Update: Big Rock Brewery Up Nearly 5% as It Signs a 3-Year Production Agreement with Strategic Partner
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Update: Big Rock Brewery Up Nearly 5% as It Signs a 3-Year Production Agreement with Strategic Partner
Nov 26, 2024 9:00 AM

11:39 AM EST, 11/26/2024 (MT Newswires) -- Big Rock Brewery ( BRBMF ) said Tuesday that it signed a three-year agreement with a strategic partner to produce various ready-to drink (RTD) beverages and beer at its brewing, packaging and warehousing facility in Calgary.

The company said it expects to produce incremental volumes of 50,000 hectoliters or more annually under the deal.

"This agreement, combined with our previously announced multi-year deal signed on Aug. 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," Chief Executive David Kinder said.

Big Rock shares were last seen up $0.05 to $1.10 on the Toronto Stock Exchange.

Price: 1.10, Change: +0.05, Percent Change: +4.76

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