1812 Brewing Company Inc. (OTCPK:KEGS) agreed to acquire Maggie's on the River from Tyler Bartlett for $1 million on October 24, 2023. 1812 Brewing Company Inc. executed a definitive agreement to acquire Maggie's on the River from Tyler Bartlett in late December 2023. The Watertown Local Development Corp., also known as the Watertown Trust, is expected on Thursday to approve a $300,000 loan to help finance the acquisition.

The brewery also has requested a $250,000 loan from the Jefferson County Industrial Development Agency. Watertown Savings Bank also is involved in financing the $1.5 million project. The transaction is subject to financing and licensing approval by the New York State Liquor Authority.

To date, the Company has received financing approval by Watertown Savings Bank, the Watertown Local Development Corporation, and the Jefferson County Industrial Development Agency.