1812 Brewing Company Inc (KEGS)

[THall]

Maggie's deal is only $1.4 million. The building last sold for $1 million back in 2021. Guess the business isn't very profitable after all LMAO

Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly
Report could not be filed within the prescribed time period.
Management has been focused on closing the acquisition of Maggie's on the River for $1.4 million, and the
transaction will almost triple the size of 1812 Brewing Company. The transaction, which has been in
negotiations and being structured since August 2023, was tentatively scheduled to close during the period
range of April 1 to April 9th. The precise timing of the closing has been driven primarily by the financing
sources, and the Company is subject to their perogative. So mgt's immediate focus has been preparing to
manage the combined company post-acquisition. The acquisition is so material to the Company that this focus
has been necessary to ensure the acquisition's success for shareholders of 1812 Brewing Company.