Business
Big Rock Brewery Provides Update in Light of Alberta Beer Mark-Up Policy Amendment
Big Rock Brewery Provides Update in Light of Alberta Beer Mark-Up Policy Amendment ...
About this update from Big Rock Brewery Inc.
[{"type":"text","content":"\n\n\n\nBig Rock Brewery Provides Update in Light of Alberta Beer Mark-Up Policy Amendment\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Aug. 21, 2019\n\n\n\nCALGARY, Aug. 21, 2019 /CNW/ - Big Rock Brewery Inc. (TSX: BR) (\"Big Rock\" or the \"Corporation\") is pleased to announce that the Government of Alberta and the Alberta Gaming, Liquor and Cannabis agency (the \"AGLC\") have amended the mark-up policy for Alberta beer sales, which is anticipated to significantly reduce the Corporation's overall beer tax and provide the Corporation with a pathway for sustainable growth moving forward.\n\n \n \n\n \nThe new Alberta beer mark-up policy extends the reduced beer mark-up to producers, such as Big Rock, with worldwide annual production of less than 400,000 hectolitres by implementing a graduated scale of up to $0.80/litre. Based on this revised framework, the Corporation anticipates its mark-up on Alberta beer sales will be reduced to $0.64/litre from $1.25/litre as of September 13th.\nThe Corporation believes the new framework supports sustainable growth of Alberta businesses and the Alberta economy and provides Big Rock's management the ability to evaluate growth within a predictable regulatory environment during the current Government of Alberta's term in office.\nAbout Big Rock Brewery Inc. \nIn 1985, Ed McNally founded Big Rock to contest the time's beer trends. Three bold, European-inspired offerings – Bitter, Porter and Traditional Ale – forged an industry at a time heavy on easy drinking lagers and light on flavour. Today, our extensive portfolio of signature beers, ongoing seasonal offerings, five ciders (Rock Creek Cider® series), custom-crafted private label products and other premium licensed alcoholic beverages keeps us at the forefront of the craft beer revolution and still proudly contesting the beer and alcoholic beverage trends of today. With brewing operations in Calgary, Alberta, Vancouver, British Columbia, and Toronto, Ontario and sales in five Canadian provinces and two territories, Big Rock has b...