One of the companies which could come into focus among investors this morning is 1812 Brewing Company Inc (OTCMKTS:KEGS) and as it happens, the company was in the news yesterday.
Trading Data
On Thursday, KEGS stock ended flat at $0.0003 with more than 30.91 million shares, compared to its average volume of 52.56 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trade at $0.0003.
1812 Brewing Company Commissions Wild Goose Filling and Ska Fabricating Portion of New Canning Line
The company came into focus yesterday after it announced that it had managed to commission its Wild Goose Filling five head filling line and also the depalletizer known as Ska Fabricating. In this regard, it should be noted that the Wild Goose filling line can fill as many as 3000 12 ounce cans every hour and on top of that, it can be adjusted easily to fill 16 ounce cans as well, in addition to cans of other denominations. The company also announced that the Pack Leader can labeler is expected to be delivered to 1812 Brewing Company at some point in the coming three to four days.
Tom Scozzafava, who is the Chief Executive Officer and Chairman of the company, spoke about the development as well. He noted that the filling line could help in opening up a range of new markets for 1812 Brewing Company and that may include the sales of packaged products to cruise lines as well as private boaters. It could be a good time to add the stock to your watch lists.
Key Quote
KEGS Chairman and CEO Tom Scozzafava stated, “This canning line should open up various new markets for 1812 Brewing Company, including selling packaged product to cruise lines and to private boaters that avoid glass as well as to concert and sporting event arenas and stadiums.” Mr. Scozzafava continued, “Our new e-commerce initiative should be more easily fulfilled with cans and based on feedback that I have personally received from Canadian distributors, cans are basically a ‘must-have’ for the Canadian craft beer market. So, we view this commissioning as opening an entire country’s marketplace whose border is 20 miles from 1812 Brewing Company’s plant. Finally, having the ability to both can and bottle will give the Company greater opportunity to provide contract brewing services for other breweries.”
