Railway City Brewing is back on track with the return of ownership to St. Thomas

Earlier this month, Railway City announced it has signed an agreement to return the brewery to local ownership.

This marks the beginning of a new chapter focused on celebrating its roots, investing in its future and strengthening its connection to the community.

The new ownership group includes founder Paul Corriveau and the current Railway City Brewing team: Darin Tucker and Jeremy Tokarcyzk, as well as Bryan White and Becky White.

Entertainment Arts Research Inc., a U.S. diversified beverage and media group, put in an offer to acquire Railway City Brewing in 2022. That fell through, and instead the brewery was acquired by SymBev, a Toronto-based adult beverage company founded in 2021 that also picked up the beer brands CRANK Lite Lager of Oakville and Locker Room Lager out of Toronto.

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Ascent 2015 financial statement will spark your interest

city_scope_logo-cmykIt’s a much anticipated document and it can be found in the agenda for Monday night’s city council meeting.

We are referring to the city’s consolidated financial statements for 2015 which include details of its investment in Ascent Group Inc.

Not sure whether it is meant to offer reassurance to ratepayers, however that portion of the document opens with “The city owns 100% of Ascent Group Inc. which in turn owns 100% of St. Thomas Energy Inc., Ascent Energy Services Inc., Ascent Solutions Inc., Ascent Utility Services Inc., and Ascent Renewables.

Once you digest the Ascent Group financial statement we, as ratepayers, would be better off owning a fleet of wheezing Russian Ladas.

If you thought the 2014 Ascent picture was grim, hold on. Continue reading →