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Friday, January 27, 2023

1812 Brewing Company Inc (OTCMKTS: KEGS) Steady Rise Northbound as Company Affects 3.4 billion Share Reduction & Looks to Make Major Acquisition

1812 Brewing Company Inc (OTCMKTS: KEGS) is rocketing up the charts in recent trading moving up 100% on Tuesday on over $500,000 in dollar volume after the Company announced Chairman and CEO Tom Scozzafava has exchanged his shares of common stock for a Company note, and 3.4 billion shares of common stock have been returned to the transfer agent and taken back into the Company’s treasury. The transaction, effective December 28, 2022, results in a decrease of outstanding shares by 3.4 billion shares and leaves the Company with fewer shares outstanding on December 31, 2022, than it had as of January 1, 2022.  

Longtime KEGS investors may remember the stock ran to highs over $0.03 in early 2021 on a lower OS than the Company currently has after the 3.4 billion share reduction. KEGS also reduced its authorized by 50% to 10 billion shares earlier this year. KEGS is looking to make a major acquisition recently bringing on investment bank Tully & Holland to assist in KEGS’ pursuit of investment and acquisition targets. According to KEGS management the Company is currently in discussions with two companies, one of which would immediately more than double the Company’s annual revenues, while the other would be a 11x-to-12x increase in revenues. We will be updating on KEGS when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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1812 Brewing Company Inc (OTCMKTS: KEGS) operating out of Watertown, NY is an operator of and investor in companies in the craft beer industry. The Company seeks to build a nation-wide network of craft breweries to develop and foster respective brand growth at the local, regional, and national level. KEGS looks to build a network wherein certain economies of scale can be shared across it such as production, distribution footprint expansion, inter-member contract brewing, new product development, sharing of best brewery practices and scale logistics and transportation. The network is to be built through investment by 1812 Brewing Company while maintaining the members’ respective local and regional uniqueness, brand autonomy and direct involvement with its consumers. The Company seeks to be an “incubator” of growth for its holdings in the industry. 1812 also operates a restaurant in Sackets Harbor, NY, and is opening another in Watertown. 

The Company’s current holding, 1812 Brewing Co., produces award-winning beers such as War of 1812 Amber Ale, 1812 Light, Hazy Oasis Pale Ale, Thousand Islands IPA, Malicious Intent XX IPA, Route 11 Lager, Railroad Red Ale, Helles Bells Pilsner, St. Stephens Stout, Third Rail Porter, Featherhammer Maibock. War of 1812 Amber Ale has won numerous awards over the past year including Silver Medal in the International Brewski Awards, Bronze Medal in the 2022 New York International Beer Competition,  Gold Medal in 2022 World Beer Awards, and was awarded Gold also at the 23rd Annual Great International Beer, Cider, Mead & Sake Competition in the “American Amber” category.   

1812 Brewing Company is led by the Company’s CEO Mr. Thomas W. Scozzafava who spent years in venture capital and leveraged buyouts and has extensive capital markets experience. He founded Seaway Capital, Inc., and was its Sole Owner as well as serving as President, Chief Executive Officer of Vestiage, Inc.  

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1812 Brewing Company has made a number of big moves over the past year taking 100% control of beer production and packaging, commissioning its MAKRO Three Station Bottle Labeler, its GAI 3031 FM Bier Monobloc Gravity and Pressure Bottle Filler, and its GAI 4290R Crown Cap Elevator, which at maximum speed can produce 3,000 bottles per hour. The Company also commissioned the new Premier Stainless 3-Vessel 30-barrel brewhouse acquired in Milwaukee, WI in 2020, designed to produce up to approximately 1,250 case-equivalents of beer per brew. The Company also commissioned Wild Goose Filling, Ska Fabricating and Pack Leader Canning Line operating at about 3,000 cans per hour.

a group of metal objectsEarlier this year 1812 Brewing relaunched its top-selling War of 1812 Amber Ale in Bottles, bottling over 1,800 liters which sold out in two days. It also released the product in its newly “refreshed” packaging. The Company also introduced Thousand Islands IPA to be offered in 12-ounce bottles as well as 16-ounce cans. 1812 Brewing Company’s beers are now available Direct-To-Consumer E-Commerce in 45 states plus Washington DC with TapRm.com E-Commerce Agreement. To buy the Company’s beer online go here.

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Currently trading at a $1.5 million market valuation KEGS has been on the move northbound since reversing of 0.0001 lows earlier this year. As we said the stock was up big on Tuesday after the Company announced it has cancelled 3.4 billion shares bring the OS to lower than it was when the stock ran to over $0.03 in early 2021. KEGS is looking to make a major acquisition recently bringing on investment bank Tully & Holland to assist in KEGS’ pursuit of investment and acquisition targets. According to KEGS management the Company is currently in discussions with two companies, one of which would immediately more than double the Company’s annual revenues, while the other would be a 11x-to-12x increase in revenues. We will be updating on KEGS when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in KEGS either long or short and we have not been compensated for this article.

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