1812 Brewing Company Inc (OTCMKTS:KEGS) Stock Rallies After Revenues Update

On Tuesday 1812 Brewing Company Inc (OTCMKTS:KEGS) was in the news cycle after it announced that Brew Pub, its restaurant and pub, had managed to generate better sales in 2023 so far as compared to the same period last year. The company announced that the total sales for the first four months of the year had gone up by as much as 44% from the corresponding period last year.

Trading Data

On Tuesday, KEGS stock gained 33.33% to $0.0002 with more than 5.71 million shares, compared to volume of 124.81 million shares. The stock moved within a range of $0.0001 – 0.0002 after opening trade at $0.0001.

1812 Brewing Company’s Sackets Harbor Restaurant Revenues Increase 84%, 41%, 29% and 43% in 2023 vs. 2022 in Months of January, February, March & April, Respectively

There have been a range of factors that led to the significant boost in sales. One of those was the fact that the pub offered the biggest ever selection of beers from 1812 Brewing Company. Other major factors were more effective marketing and advertising to go along with the success of beers from 1812 Brewing Company in international beer contests. The mild winter had also been a major reason for the uptick in sales.

Tom Scozzafava, who is the Chairman and Chief Executive Officer of 1812 Brewing Company spoke about the performance as well. He noted that he was pleased at the performance from Brew Pub and went on to noted that the recognition that beers from the company had been getting from international beer competitions had also nudged customers to try out the beers on offer at the pub.