Golden_Cross
$KEGS ~ 10 Reasons To Be Liking 1812 Brewing Company Now!
✅ Toxic dilution program ended: The three-year 3(a)10 share-issuance program with Trillium Partners has been terminated.
✅ Trillium is completely out.
✅ $3.4 million in convertible debt retired: Debt that could have converted into billions of shares was bought back and eliminated.
✅ About $10 million of additional convertible debt restructured. The equity conversion feature was removed, turning it into conventional debt.
✅ Authorized shares cut 95% from 20 billion shares to just 1 billion.
✅ Approximately ~107,000 share public float. Management says the tighter float is intended to attract longer term investors and reduce short-term flipping.
✅ No current plans to issue unrestricted shares to third parties.
✅ Texas Roadhouse expansion: War of 1812 Amber Ale and Thousand Islands IPA have recently been placed in Texas Roadhouse locations.
✅ New product opportunities: 1812 Brewing is exploring a hard cider line and potentially entering the spirits/whiskey market.
✅ Continued craft-beer growth strategy: 1812 Brewing plans to expand distribution of its award-winning beer portfolio while using its three-story waterfront restaurant as a showcase and entertainment venue.
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