The Russell Brewing Company (TSX-V:RB) has bought an additional 7,000 square feet of office and warehouse space adjacent to its brewery in Surrey.
The new building will be used to store finished goods and serve as the company's logistics and distribution centre in B.C.
According to the company, the purchase will enable Russell to expand its brewery to produce 25,000 hectolitres of beer. Its current capacity is 16,000 hectolitres.
Russell Brewing's share price range during the past week: between $0.39 and $0.41; 52-week high: $0.67; 52-week low: $0.35.