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Big Rock Brewery Inc
Symbol BR
Shares Issued 6,981,628
Close 2023-04-05 C$ 2.35
Market Cap C$ 16,406,826
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Big Rock signs new five-year $3.5M co-pack agreement

2023-04-05 16:44 ET - News Release

Mr. Stephen Giblin reports

BIG ROCK BREWERY SECURES NEW MULTI-YEAR CO-PACK AGREEMENT

Big Rock Brewery Inc. has secured a five-year co-pack agreement with a new partner at its Calgary brewery. Under the terms of the co-pack agreement, the corporation will produce various styles of beer and anticipates incremental revenue per annum of over $3.5-million.

Highlights:

  • Big Rock has secured a new multiyear co-pack agreement with a new partner to produce its various styles of beer through to the end of fiscal 2028.
  • This agreement represents over $3.5-million in incremental annual revenue for the corporation.
  • The corporation continues to execute a key aspect of its strategy in growing its co-pack business and, as a result, further solidifying itself as a leading alcohol beverage manufacturer in Western Canada.

"We're excited to announce another co-pack agreement for the corporation, as Big Rock continues to focus on not only increasing the utilization of our facility, but in smoothing out our annual production curve as the majority of this volume will occur in the shoulder season of our fiscal year," stated Stephen Giblin, interim president and chief executive officer. "The inception of this relationship is yet another strong testament to the capabilities of our people and our assets to produce complex, high-quality beverages at scale."

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, the company's extensive portfolio of signature beers, continuing seasonal offerings, six ciders (Rock Creek Cider series), custom-crafted private label products and other notable, licensed alcoholic beverages keeps Big Rock 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, Alta., Vancouver, B.C., and Toronto, Ont.

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