Waterloo Brewing Announces Expanded Production Agreement With Longtime Partners

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kitchen Open it., October 13 2022 /CNW/ –

Highlights:

Waterloo Brewing has announced the renewal and expansion of a co-production agreement with an important long-time partner.
This agreement is the result of estimated revenue. 8 million dollars per year
This expansion and new expansion includes the production of more ready-to-drink products. North America

Waterloo Brewing Ltd. (“Waterloo Brewing” or the “Company”) (TSX: WBR) announced the extension and expansion of a co-production agreement with a key long-time partner. This agreement is the result of estimated revenue. 8 million dollars per year.

Originally a three-year contract January 2020It involves manufacturing ready-to-drink products under a partner-owned brand. This expansion and the new expansion include the production of ready-to-drink products under three additional partner-owned brands.

Waterloo Brewing brews beer; malt and spirit-based beverages; ciders, We produce all types of alcohol, including hard teas and non-alcoholic beverages. The company continues to leverage these broad capabilities to grow its co-manufacturing business and develop long-term relationships with key partners.

“This is an important and valuable partnership for us,” he said. George CroftPresident and CEO of Waterloo Brewing; “They are global brands and impressive players in the North American market, so we look forward to continuing our relationship with them. The extension of our agreement reaffirms our desire to be the co-production partner of choice in the beverage industry.”

About Waterloo Brewing

It’s Waterloo Brewing. On Largest Canadian owned brewery. The company is a regional brewer of award-winning premium quality and value beers and is officially recognized by the Global Food Safety Standard, one of the highest and internationally recognized standards for producing safe food. Founded in 1984, Waterloo Brewing Ltd. is the first craft brewery to be established. On He is credited with pioneering the modern craft renaissance. Canada. Waterloo Brewing complements its Waterloo premium craft beers with the popular Laker brand. In 2011, Waterloo Brewing purchased the Canadian rights to Seagram Coolers, and in 2015 LandShark secured the exclusive Canadian rights to both.^®and Margaritaville^®. In addition, Waterloo Brewing brews beer; Its flagship beer, to provide comprehensive contract manufacturing services in coolers and ciders. Blending and packaging capabilities are used. Waterloo Brewing trades on the TSX under the symbol WBR. Visit us at www.WaterlooBrewing.com

Forward-Looking Statements

All of these press releases that do not directly relate to historical information are forward-looking statements as of the date of this press release. Generally, forward-looking statements such as “may,” “will,” “expect,” “intend,” “anticipate,” “seek,” “plan,” “believe” or “continue,” or their terms or variations or the negatives of similar terms, and statements relating to estimated earnings. 8 million dollars per year. Although the Company believes these expectations and assumptions are reasonable; NO WARRANTIES AND CERTAIN RISKS; Undue reliance on uncertainties and assumptions should not be placed on these expectations, which are not guaranteed. Actual performance and financial results may differ materially from such forward-looking statements. Forward-looking statements, including estimated financial statements, are based on the following assumptions and assumptions: no early termination of the Agreement; no material change in consumer preferences; input costs for mixing and packaging materials; competitive activity and regulatory environment and product supply; No cost or quality control issues. The forward-looking statements contained in this press release are issued only as of the date of this press release and, except as required by applicable securities laws, the Company does not have any new information; New information and future events will not be publicly updated to reflect future events. Or else

Source Waterloo Brewing Ltd.

For more information: George Croft; Chairman and Chief Executive Officer; Email: [email protected]

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