Founded in 1984, Ontario’s largest Canadian-owned brewery, Waterloo Brewing (formerly Brick Brewing Co. Limited), was the first craft brewery to start up in Ontario and is credited with pioneering the present-day craft brewing renaissance in Canada. This week they announced their financial results for their second quarter ending July 26, 2020, which reported an EBITDA growth of +61.5% to $5.8 million on net revenue of $24.6 million.

“The strength of our business strategy has been put to the test in these past few months, and it has been reassuringly successful,” said George Croft, President, and CEO, Waterloo Brewing. “Our choice to embrace our Ontario roots reflects growing consumer interest in buying local. Our choice to provide reliably good value reflects the challenges of hardworking people’s budgets. Our choice for a diverse portfolio of value, premium and craft beers, complemented by our Seagram family of ciders, coolers and future beverage alcohol innovation, is growing at +28% versus prior year. This is an exciting chapter of intensive growth and expansion for our Company.” 

Waterloo Brewing’s board of directors has approved the quarterly dividend at $0.02625/share.  The dividend is payable on October 30, 2020, to shareholders of record as of October 16, 2020.

To read the full report, click here.