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Big Rock Brewery ( (TSE:BR) ) has provided an update.
Big Rock Brewery Inc. reported a 38% increase in fourth-quarter sales volumes for fiscal 2024, despite facing challenges such as a significant operating loss and increased net loss due to one-time costs. The company is undergoing a strategic transition, focusing on expanding its ready-to-drink and co-packing business, while closing non-core operations to improve cash flow and streamline operations. The closure of facilities in Vancouver and Toronto, along with new co-packing agreements, are expected to enhance production and financial performance in the coming years.
More about Big Rock Brewery
Big Rock Brewery Inc. operates in the beverage industry, primarily focusing on brewing and distributing beer. The company is known for its core brands and is expanding its ready-to-drink and co-packing business, aiming to strengthen its market position.
YTD Price Performance: -4.35%
Average Trading Volume: 5,428
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$28.06M
Learn more about BR stock on TipRanks’ Stock Analysis page.