Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
The latest announcement is out from Big Rock Brewery ( (TSE:BR) ).
Big Rock Brewery Inc. has announced an increase in its private placement of common shares from $8 million to $8.4 million due to strong interest. The proceeds will be used for debt repayment, investment in capital projects, and working capital. This strategic move, along with a binding debt settlement agreement with VN Capital, aims to enhance the company’s financial stability and operational capacity. The initiatives are subject to customary conditions and are expected to close on January 20, 2025.
More about Big Rock Brewery
Big Rock Brewery Inc., founded in 1985 by Ed McNally, is a prominent player in the craft beer industry, known for its European-inspired offerings such as Bitter, Porter, and Traditional Ale. The company continues to lead with its diverse portfolio of signature beers, seasonal offerings, ciders, and private label products. Big Rock operates brewing facilities in Calgary, Alberta, and Toronto, Ontario, and is publicly traded on the TSX under the symbol ‘BR’.
YTD Price Performance: -3.48%
Average Trading Volume: 3,639
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$7.77M
For a thorough assessment of BR stock, go to TipRanks’ Stock Analysis page.
