Aegis Brands Inc.

AEG

CA00775H1055

Restaurants & Bars

Market Closed - Toronto S.E. Other stock markets 12:46:58 2024-04-30 pm EDT			5-day change	1st Jan Change
0.39 ^CAD	+2.63%		-.--%	+14.71%

Mar. 15	North American Morning Briefing : Inflation Worries Continue to Weigh on Mood	DJ
Mar. 11	Aegis Brands Reports System Sales of $32.8 Million in Q4; Net Loss of $1 Million; Says Chairman to Step Down in May	MT

Aegis Brands selling Bridgehead coffee business to Pilot Coffee Roasters for $3.5M

January 29, 2024 at 09:30 am EST

TORONTO — Aegis Brands Inc. has signed a deal to sell its Bridgehead coffee business to Pilot Coffee Roasters for $3.5 million.

In addition to Bridgehead, Aegis Brands owns and operates St. Louis Bar and Grill and Wing City by St. Louis.

Aegis Brands chief executive Steven Pelton says the sale allows the company to build on the momentum of the St. Louis brand.

Toronto-based Pilot Coffee Roasters is a specialty coffee roaster, online retailer, wholesaler and café operator.

The sale is expected to close in the first quarter of 2024.

Aegis says proceeds from the deal will be used to reduce debt and for general working capital purposes.

This report by The Canadian Press was first published Jan. 29, 2024.

Companies in this story: (TSX:AEG)

Latest news about Aegis Brands Inc.

North American Morning Briefing : Inflation Worries Continue to Weigh on Mood	Mar. 15	DJ
Aegis Brands Reports System Sales of $32.8 Million in Q4; Net Loss of $1 Million; Says Chairman to Step Down in May	Mar. 11	MT
Aegis Brands Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 11	CI
Aegis Brands Brief: System sales of $32.8 million in Q4 increased by 19.1% over last year; Same store sales accelerated through the year and increased by 9.4% in Q4	Mar. 11	MT
Aegis Brands Completes Sale of Bridgehead Coffee Assets	Mar. 08	MT
Toronto Stocks Slip, Aegis Brands Rises on C$3.5 Million Bridgehead Coffee Asset Sale	Jan. 29	DJ
Aegis Brands Agrees to Sell Assets of Bridgehead Coffee	Jan. 29	MT
Aegis Brands Brief: Agreement is to sell assets of its roasting, wholesale and coffeehouse business, excluding certain specified assets, for a purchase price of $3.5 Million in cash and the assumption of certain liabilities.	Jan. 29	MT
Aegis Brands Brief: In Agreement To Sell Assets of Bridgehead Coffee	Jan. 29	MT
Pilot Coffee Corp. agreed to acquire Bridgehead Inc. from Aegis Brands Inc. for CAD 3.5 million.	Jan. 28	CI
Aegis Brands Reports Q3 EPS of $0.01	23-10-30	MT
Aegis Brands Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 24, 2023	23-10-30	CI
Aegis Brands Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 25, 2023	23-07-31	CI
Aegis Brands Reports Q2 2023 Net Loss of $145,000	23-07-31	MT
Aegis Brands Brief: Net loss for Q2 was $145,000 or $0.00 per share, versus a loss of $2,816,000 or $0.12 per share, in the same quarter last year	23-07-31	MT
Aegis Brands Narrows Q1 Adjusted Loss, Revenue Rises	23-05-05	MT
Aegis Brands Inc. Reports Earnings Results for the First Quarter Ended March 26, 2023	23-05-05	CI
Aegis Brands Swings to Adjusted Loss in Fiscal Q4, Revenue Rises	23-03-20	MT
Aegis Brands Inc. Reports Earnings Results for the Full Year Ended December 25, 2022	23-03-20	CI
Aegis Brands Brief: EBITDA Loss in the year was $7,842,000 or $2,581,000 when adjusted for asset impairment charges	23-03-20	MT
Aegis Brands Brief: Adjusted Net Loss for the year was $4,084,000, ($0.16 per share) when adjusted for asset impairment charges including the $4,903,000 impairment charge recorded on Kiaro shares	23-03-20	MT
Aegis Brands Brief: Net Loss for the quarter and year was $2,373,000 ($0.09 per share) and $9,248,000, ($0.38 per share) respectively	23-03-20	MT
Aegis Brands Brief: Announcing Conversion of 11% Convertible Debentures Due November 17, 2027	23-01-23	MT
Aegis Brands to Force Conversion of a Convertible Debenture Issue	22-12-23	MT
CWB Franchise Finance Provided Aegis Brands With $30 Million In Financing For Acquisition of St. Louis Bar & Grill	22-11-18	MT

Aegis Brands Inc. is a Canada-based company that owns and operates St. Louis Bar and Grill (St. Louis) and Wing City by St. Louis (Wing City). St. Louis Bar & Grill service wings, fries, and garlic dill sauce, and their local neighborhood restaurants offer service in a casual sports bar and grill setting. Certain of St. Louis products are available for purchase at selected grocery retailers in Canada and online through their application and Amazon. It undertook construction on two Wing City fast-casual locations in Toronto. Wing City focuses on offering St. Louis wings, boneless, plant-based wings and fries and dill sauce. The menu also includes various items, such as chicken fried ribs, and a chicken thigh sandwich. It owns about 73 St. Louis franchised locations across Canada and three corporately owned restaurants.

Sector

Restaurants & Bars

Calendar

2024-05-07 - Q1 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Other Restaurants & Bars

	1st Jan change	Capi.
AEGIS BRANDS INC.	+14.71%	24.27M
COMPASS GROUP PLC	+3.87%	47.24B
DARDEN RESTAURANTS, INC.	-10.01%	17.65B
SODEXO	-18.89%	12.57B
HAIDILAO INTERNATIONAL HOLDING LTD.	+31.77%	13.65B
CAVA GROUP, INC.	+58.68%	7.78B
ZENSHO HOLDINGS CO., LTD.	-18.68%	6.12B
JOLLIBEE FOODS CORPORATION	-6.36%	4.41B
JUBILANT FOODWORKS LIMITED	-18.74%	3.61B
GREGGS PLC	+4.07%	3.43B

Other Restaurants & Bars

Aegis Brands Inc.

Equities

AEG

CA00775H1055

Restaurants & Bars

Aegis Brands selling Bridgehead coffee business to Pilot Coffee Roasters for $3.5M

Latest news about Aegis Brands Inc.

Chart Aegis Brands Inc.

Company Profile

Income Statement Evolution

Sector Other Restaurants & Bars