Big Rock Brewery Inc. provides update on proposed Fireweed Brewing joint venture
CALGARY, June 15, 2018 /CNW/ - Big Rock Brewery Inc. (TSX: BR) ("Big Rock") today provided an update regarding Big Rock's proposed joint venture with Fireweed Brewing Corp. ("Fireweed"), as previously announced April 19, 2018. Although the joint venture was originally anticipated to commence in June 2018, various conditions precedent to the formal commencement of the joint venture remain outstanding. Therefore, while Big Rock continues to work towards the satisfaction of these conditions precedent, the joint venture has not yet taken effect. Big Rock remains committed to the strategic rationale of the proposed joint venture, and will provide further updates in due course.
About Big Rock Brewery Inc.
In 1985, Ed McNally founded Big Rock to buck 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, our ten signature beers, ongoing seasonal offerings, four ciders (Rock Creek Cider® series) and custom-crafted private label products keep us at the forefront of the craft beer revolution, still proudly bucking the time's beer trends. Big Rock brews in Calgary, Alberta, Vancouver, British Columbia, and Toronto, Ontario. For more information on Big Rock Brewery visit www.bigrockbeer.com
Forward-Looking Information
Certain statements contained in this news release constitute forward-looking statements. These statements relate to future events or Big Rock's future performance. All statements, other than statements of historical fact, may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "plans", "expects", "intends" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Big Rock believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this News Release not be unduly relied upon by investors as actual results may vary materially from such forward-looking statements. These statements speak only as of the date of this News Release and are expressly qualified, in their entirety, by this cautionary statement.
In particular, this News Release contains forward-looking statements pertaining to the expected closing of the proposed joint venture with Fireweed and the formal commencement of joint venture operations.
With respect to the forward-looking statements listed above and contained in this News Release, management has made assumptions regarding, among other things, that the contractual conditions to closing will be satisfied, that joint venture operations will formally commence and that the joint venture will realize the previously announced contributions to maximizing production capacity and contributions to Big Rock profitability.
Some of the risks which could affect future results and could cause results to differ materially from those expressed in the forward-looking information and statements contained herein include, but are not limited to the inability to secure any requisite approvals within anticipated timeframes or on terms currently contemplated.
Readers are cautioned that the foregoing list of assumptions and risk factors is not exhaustive. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking information and statements included in this News Release are made as of the date hereof and Big Rock does not undertake any obligation to publicly update such forward-looking information and statements to reflect new information, subsequent events or otherwise unless so required by applicable securities laws.
SOURCE Big Rock Brewery Inc.
For further information: Wayne Arsenault, Chief Executive Officer: Phone: (403) 720 3239, Fax: (403) 720 3641, Email: [email protected]
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