Big Rock Brewery (TSE:BR) has released an update.
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Big Rock Brewery Inc. reported a slight decline in wholesale sales volumes and net revenue for both the fourth quarter and full year of 2023, but saw significant reductions in operating and net losses, alongside an increase in Adjusted EBITDA. The company appointed David Kinder as President and CEO and secured an additional $4.2 million in financing to boost liquidity and fund capital expenditures. This financial maneuvering aims to strengthen Big Rock’s position in the competitive beverage industry.
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