|By Marketwired .||
|August 8, 2014 05:33 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 08/08/14 -- Big Rock Brewery Inc. (TSX: BR) ("Big Rock" or the "Corporation") is pleased to announce that it plans to establish a brewpub restaurant in the Liberty Village neighbourhood of Toronto, Ontario. Big Rock has signed an offer to lease a space at 60 Atlantic Avenue and expects to be operational in early- to mid-2015. This is the Corporation's second foray outside of its home province of Alberta, having announced previously a brewery and restaurant in Vancouver, British Columbia, which is currently under construction.
The property at 60 Atlantic, which is owned by Hullmark Developments Ltd., has already been developed as a multi-use facility and has a large outdoor patio area. "The Liberty Village site, at the corner of Liberty Street and Atlantic Avenue, will provide a great opportunity to share our beers and demonstrate our beer innovation," said Bob Sartor, Big Rock Chief Executive Officer. "Over the past two years, we have produced over 40 unique and different beers, but very few have found their way into Ontario. With this brewpub, we will be able to showcase our beers and ciders and share them with everyone. We are excited about putting down roots in Liberty Village, a vibrant urban community within Toronto and we will continue to evaluate other opportunities in Ontario and beyond."
Certain statements contained in this news release constitute forward-looking statements. These statements relate to future events or Big Rock's future performance. All statements, other than statements of historical fact, may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "plans", "expects", "intends" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Big Rock believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this News Release not be unduly relied upon by investors as actual results may vary materially from such forward-looking statements. These statements speak only as of the date of this News Release and are expressly qualified, in their entirety, by this cautionary statement.
In particular, this News Release contains forward-looking statements pertaining to the following:
-- the future establishment of a brewpub restaurant; -- the expectation that the new brewpub restaurant will be operational within the first half of 2015; -- the expectation for further expansion.
With respect to the forward-looking statements listed above and contained in this News Release, management has made assumptions regarding, among other things:
-- permitting and other construction activities will be able to be secured and/or completed within expected timeframes.
Some of the risks which could affect future results and could cause results to differ materially from those expressed in the forward-looking information and statements contained herein include, but are not limited to:
-- the inability to secure the requisite regulatory approvals to proceed with a brewpub restaurant within the timeframe indicated; and -- the inability to secure and complete construction services for the new facility within the timeframe indicated.
Readers are cautioned that the foregoing list of assumptions and risk factors is not exhaustive. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking information and statements included in this News Release are made as of the date hereof and Big Rock does not undertake any obligation to publicly update such forward-looking information and statements to reflect new information, subsequent events or otherwise unless so required by applicable securities laws.
About Big Rock Brewery Inc.
Big Rock Brewery Inc. produces premium, all-natural craft beers. Big Rock has a family of eight permanent ales and lagers, Rock Creek Cider®, an ongoing selection of seasonal beers released through the Brewmaster's Limited Edition and cutting-edge, small-batch brews released through the Alchemist Edition.
For more information on Big Rock Brewery visit bigrockbeer.com.