CALGARY, AB & VANCOUVER, BC – Big Rock Brewery has announced a delay to the start of its planned joint venture agreement with Fireweed Brewing, the parent company of Tree Brewing.
First announced in April, the partnership will see the companies jointly operating and brewing at Big Rock’s Vancouver facility, with a separate contract agreement for Tree brands to be brewed at Big Rock’s Calgary plant for the Alberta market.
The agreement was originally planned to go into effect on May 31st, with joint operations commencing in June. However, in a statement released last Friday, Big Rock says that “various conditions precedent to the formal commencement of the joint venture remain outstanding [and] while Big Rock continues to work towards the satisfaction of these conditions precedent, the joint venture has not yet taken effect.”
The statement goes on to say that the company “remains committed to the strategic rationale of the proposed joint venture, and will provide further updates in due course.” Further details will be reported here on Canadian Beer News as they become available.