1812 BREWING COMPANY, INC. (OTC: KEGS) is pleased to announce that beer sales have started the new year strong on a relative basis, and current sales to distributors is currently over 280% of sales for the same period in 2022. Growth is being driven by several factors including new distributors such as TapRm.com and AJ Missert in St. Lawrence County as well as the new product releases of Thousand Islands IPA and 1812 Brewing Company’s Wolves Den Cream Ale. 1812 Brewing Company’s War of 1812 Amber Ale, continues to be sold on TapRm.com’s website direct-to-consumers in 45 states plus Washington DC.
Trading Data
On Wednesday, KEGS stock surged 11.11% to $0.0005 with more than 39.34 million shares, compared to the volume of 176.12 million shares. The stock moved within a range of $0.0004 – 0.0005 after opening trade at $0.0.0005.
1812 Brewing Company Achieves Strong Beer Sales Growth in First Months of 2023
Announcements with regard to better sales performance are almost always seen as a positive by investors and hence, it is likely that the 1812 Brewing Company Inc stock is going to come into focus today. The company announced yesterday that beer sales in the New Year have been strong so far when compared to the same period in 2022.
On a year-on-year basis the company’s beer sales have shot up by as much as 280%. It was noted that the growth in beer sales was being driven by a range of factors and one of those was the integration of new distributors in the form of AJ Missert and TapRm.com.
However, that was not the only factor. The launch of new products from 1812 Brewing Company like Wolves Den Cream Ale and Thousand Islands IPA were also significant factors in the boost in sales. The company announced yesterday that the sales being generated through TapRm.com remain strong and 1812 Brewing Company was going to ship more of its War of 1812 Amber Ale to that distributor this week. The company also revealed that it was in discussions with the distributor to distribute its Thousand Islands IPAs in 16 ounces cans.
