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1812 Brewing Company Proceeds with Application Process For Sale of Its Products in Canada
9:02 AM ET 1/24/23 | Dow Jones

Company's initial focus will be the Province of Ontario

WATERTOWN, NY / ACCESSWIRE / January 24, 2023 /1812 BREWING COMPANY, INC. (OTC PINK:KEGS) (the "Company" or "KEGS") is pleased to announce that it has begun the application process needed to enter the Canadian beer market. The Company's proximity to the Province of Ontario along with Ontario's position as Canada's largest beer market were absolutely factors in management's decision to begin the process with The Liquor Control Board of Ontario ("LCBO"). To help assist 1812 Brewing Company in this effort, we are also pleased to announce that the Company has partnered with import specialist Fine Beer Agency Ltd. of Toronto, Canada (www.finebeers.ca) to assist the Company in all aspects of the introduction, store placement and sales and marketing strategies.

According to statistics provided by the Canadian government, the global beer market is expected to reach $770.1 billion by 2023, and Canada placed 12th overall among the top beer markets in the world with forecasts estimating it will increase to $17.3 billion by 2023. Beer exports to Canada reached Can$558.3 million in 2018. Craft beer sales have seen a major increase over the past five years, nearly doubling from Can$1.0 billion in 2014 to Can$1.9 billion 2018. While lagers are favored in the non-craft beer category, ales are the number one choice on the craft beer spectrum with Can$1.7 billion in sales, up from Can$905.2 million in 2014.

1812 Brewing Company recently announced that it had executed a business-to-business distribution agreement that covers the greater New York City area, which includes all five boroughs of Manhattan, Brooklyn, Queens, The Bronx and Staten Island plus Westchester County. This agreement is an extension of the previously announced TapRm.com deal, whereby KEGS' War of 1812 Amber Ale is now available for orders direct-to-consumers in 45 states plus Washington, DC at:

https://1812-brewing.taprm.com/all-products