Kent Grogan divested 10% of his voting power and has netted nearly $1 million in a share sale, the same day the beleaguered company committed to another share placing to improve working capital.
Embattled ASX-listed Broo is in the red in the first quarter of its financial year, reporting negative cash assets of $290,000, as executive director Kent Grogan makes another off-market share sale to keep the business afloat.
Troubled ASX-listed brewer Broo is set to offload its Mildura brewing operations and has put hospitality businesses up for sale as it looks to contract brewing after a year of losses amounting to $3.2 million.
Embattled ASX-listed brewer Broo is pinning its domestic sales hopes on a Queensland distribution agreement which it says will have a 2 million litre sales target.
Beleaguered brewer Broo has raised $400,000 in a share issuance as it insists negative operating cash flows will be rectified in coming months.
Small and mid cap investors Spheria Asset Management have raised their stake in Western Australian listed brewery Gage Roads
Growth continues for Gage Roads’ Good Drinks business following its latest export announcement, which the business says will bring greater distribution overseas.
Gage Roads Brewing Company’s ‘returning to craft’ strategy appears to be paying dividends with the brewer reporting continued strong growth of its proprietary brands.