768114 N.B. Inc. and Brust Beverage Company Ltd. Announce Successful Completion of Takeover Bid

On October 28, 2025, 768114 N.B. Inc. (the "Offeror"), in collaboration with Brust Beverage Company Ltd. ("Brust"), announced the successful completion of a negotiated takeover bid for 51% of Brust’s common shares. The offer resulted in the acquisition of 8,860,020 shares, which constitute approximately 51% of Brust's total issued and outstanding shares on a fully diluted basis, out of the total 8,925,321 shares deposited in the offer.

The cash consideration for the acquired shares is approximately CAD $1.1292 per share, although this amount is subject to various adjustments, earn-outs, and holdbacks as laid out in the Offeror’s takeover bid circular. Payment for the shares will be completed by October 30, 2025, in alignment with the terms of the takeover offer and applicable securities laws.

Brust Beverage Company is a Canadian firm that specializes in producing ready-to-drink protein coffees. The company's registered office is located in Toronto, Ontario. Founders Joshua Barr and Amar Gupta expressed enthusiasm about the collaboration with Clearstone Capital Inc. and the Offeror, highlighting the potential for ongoing innovation and enhanced distribution within North America and beyond.

Dwight Fraser, speaking on behalf of the Offeror, emphasized that this acquisition marks a significant step in Brust's journey, setting the stage for accelerated growth and the establishment of a robust platform for long-term success.

The Offeror is a wholly owned subsidiary of Brust Equity Partners Inc., which is controlled by Clearstone Capital Inc. This private equity firm, based in Atlantic Canada, specializes in partnering with entrepreneurs to enable business growth and provide opportunities for business exits. Clearstone invests directly and collaborates with other investors to leverage high-potential opportunities across diverse industries.

For media inquiries, representatives of Brust Beverage Company provided contact details: Arlene Dore and Joshua Barr are available for further information.

This acquisition signals a pivotal moment for Brust as it enters a new growth chapter through strategic investment, enhanced operational capacity, and innovative product development. The expertise of the Clearstone team is anticipated to bolster Brust’s operational effectiveness and market presence, laying the groundwork for future expansion both in regional and international markets.