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An update from Big Rock Brewery ( (TSE:BR) ) is now available.
Big Rock Brewery Inc. has announced a significant recapitalization transaction involving a debt settlement agreement with VN Capital, its largest shareholder. This agreement will convert $9 million of the company’s debt into common shares and will initiate a private placement to raise up to $8 million, which will improve Big Rock’s balance sheet and position it for future growth.
More about Big Rock Brewery
Big Rock Brewery Inc. operates in the beverage industry, primarily focusing on the production and distribution of craft beer. The company is based in Calgary, Alberta, and is known for its variety of beer products.
YTD Price Performance: -3.48%
Average Trading Volume: 3,299
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$7.77M
Learn more about BR stock on TipRanks’ Stock Analysis page.