Business
EARI Beverage Group Signs a Letter of Intent to Acquire Railway City Brewing Company LTD., After Recently Concluding the Acquisition of Bell City Brewing
EARI Beverage Group Signs a Letter of Intent to Acquire Railway City Brewing Company LTD., After Recently Concluding the Acquisition of Bell City Brewing.
About this update from Entertainment Arts Research, Inc.
[{"type":"text","content":"ATLANTA, GA / ACCESSWIRE / February 1, 2022 / Entertainment Arts Research, Inc. (OTC PINK:EARI)We are pleased to announce that we have signed a letter of intent for the acquisition of Railway City Brewing Company LTD., a craft brewery located in St. Thomas Ontario, Canada."This strategic acquisition will enable the company to take advantage of synergies between Bell City Brewing Company, a craft brewery located in Brantford Ontario Canada, acquired by EARI Group in January 2022 and Railway City Brewing Company. These two acquisitions will accelerate our growth into the robust market of craft brewing" stated EARI Group CEO Bernard Rubin and added "The EARI Beverage Group is now well on track with the development of a diversified, growing, and profitable beverage portfolio."About EARIThe Company trades on OTC Markets with the symbol, EARI and is a diversified beverage and media group, with interests in the hand-crafted spirits, functional beverages, and now the craft beer and enhanced beverage space. In addition, the company owns media streaming platforms with proprietary AR/AI/VR technology that can be utilized to promote our beverage portfolio.For more information, please visit us at www.earigroup.comAbout Railway City Brewing Company LTD.Railway City Brewing Company is an award-winning craft brewery located in St. Thomas, Ontario. Pushing the beverage boundaries, Railway City brews gold medal-winning Black Coal Stout and an incredible range of craft beers from Express, our Indian Session Lager to Dead Elephant, our easy drinking Indian Pale Ale. Visit us at www.railwaycitybrewing.com | Instagram @railwaycitybrewing | Twitter: @railwaycity | Facebook:/railwaycityAbout the Craft Brewing IndustryA recent report published by Brand Essence Market Research," Craft Beer Market Size 2020 forecast To 2025" confirmed that the craft beer market size reached about USD $41 billion in 2018. The craft beer market size is likely to reach $92.8 billion in 2025, growing at a robust 12.35% CAGR by the end of that year. North America is expected to dominate the global craft beer market over the next 5 years, and EARI is strategically poised to take advantage of this with its unique and talented management team, having the ability to move quickly using a vertically integrated marketing strategy.Company Websiteswww.eari...