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Nice find for our company
https://www.mussetterdistributing.com/
Love the different approach, The New CEO is a realest. Lets Have a great New Year boys and girls
NEWS
BrewBilt Brewing Company Annual Update
GRASS VALLEY, CA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –Today BrewBilt Brewing Company (the "Company") (OTCPINK: BRBL) announces the annual update from CEO Bennett Buchanan.
Buchanan stated, “I am proud to announce the recent achievements and progress made by the Company. On December 7, the Company received the "2023 Business of the Year'' award from the Grass Valley Downtown Association in recognition and appreciation for business excellence and community philanthropy. On December 10, the Company opened its new taproom BrewBilt BrewHaus located in downtown Nevada City, CA. This expansion into a taproom could potentially contribute to increased sales and customer engagement. In addition, the Company has signed a distribution agreement with Mussetter Distributing, a move that can significantly impact sales and market reach. The new distribution commences on January 5, 2024.”
The financial statements for the period ending September 30, 2023, show positive results. The Company's assets increased from $1.97 million to $2.25 million, representing a 12% increase. This growth in assets could be attributed to various factors such as increased sales, successful business strategies, and new partnerships.
The Company began selling commercial craft beer on July 19, 2022, which aligns with the reported increase in sales for the current financial period. The Company reported a substantial increase in total sales for commercial craft beer, with sales reaching $320K for the nine months ending September 30, 2023, compared to $62K in the previous year. This surge in sales is likely linked to the Company's expansion in distribution and commercial retail accounts with Albertsons/Safeway and Grocery Outlet stores.
Buchanan further stated, “We anticipate further growth in assets and revenue. The expected increase is attributed to the expanded distribution network and the revenue generated from the newly opened taproom. Overall, the Company seems to be on a positive trajectory with successful business strategies, recognition, and notable financial growth. However, it's crucial for stakeholders to monitor the Company's performance and market trends to ensure sustained success.”
Follow us on Twitter (@BrewBiltBrewing) and Instagram (@BrewBilt_Brewing)
Half a decade later, after exhaustive development, Conery and Mangold say Trail Pass IPA and Trail Pass Golden are absolute triumphs, living up to Sierra Nevada’s guiding credo—“Purest Ingredients, Finest Quality”—which is still found on the label.
With Trail Pass, it all started with a key decision: to either brew the traditional way or opt for a de-alcoholization process, such as vacuum distillation. Using natural methods, they say, felt truer to the brewery’s craft values and, frankly, delivers a product that tastes like beer.
Something has me stoked about the Phase II brewery site. First a quick review for anyone who is new here. Here's the link to the site plan for the Phase II brewery that BrewBilt Brewing has had in place.
https://brewbiltbrewing.com/phase-ii-site-plan/
Somewhere I read it had a 2024-2025 time frame but I always felt there were a couple of roadblocks that had to get worked through first before they could even proceed. The first one is construction loan rates in general. With the Fed having raised interest rates so much in the last couple of years, new business construction has been on hold for many companies. But in the 3rd quarter of this year, construction loan rates started to slowly come down. And with the Fed's forecast this week that they expect several rate cuts next year, it's very likely that construction loan rates will continue to fall, making it more feasible to get a loan if the company wants one.
The other obstacle in play was the development of the road and utilities adjacent to the property. Notice on the site plan that Sutton Way bends to the east on the South side of property. On that map, south is to the right. Up until the last year or two, Sutton Way still bent to the southwest. But a June 2023 Google photo shows that road and utility construction was well underway to change the configuration of the road, likely to accommodate the new neighborhood that's being built to the east of the Phase II brewery site.
The first link below shows and aerial view of the neighbor hood site.
https://www.grassvalleyhomecompany.com/portfolio-items/loma-rica-ranch/#iLightbox[gallery_image_2]/8
The next link shows a view from Dorsey Drive, where it intersects Sutton Way. As of June, the roads were in over at the neighborhood. But until the road and utilities are in place along Sutton Way, there was no way BrewBilt could begin to build out that site anyway. If you look further up the road on Sutton Way, notice the green utility box on the east side of the road. That wasn't there in earlier Google photos. If the link doesn't work, search Google Maps for 396 Dorsey Dr., Grass Valley, CA
https://www.google.com/maps/[@ userid=121].0340352,3a,89.6y,99.75h,90.98t/data=!3m7!1e1!3m5!1s54Nay7ofkEYaf-SxcaikNg!2e0!5s20230601T000000!7i16384!8i8192!5m1!1e4?entry=ttu
But what has me stoked was I was thinking the company might have to come up with $10+ million to develop the Phase II brewery. But it's not like the wholesale beer sales are slaying it yet. What they really need, IMO, is just to get the taproom and/or restaurant/brewseum up and running as quick as possible, as that's where the profit margins are!
Referring to the Phase II brewery site plan, the restaurant and taproom buildings are only 9,000 square feet total. The other 6 buildings to the north, for the brewery and shipping operations, are 61,500 square feet total. So if they were clever about it, IMO, which I think they just might be, they only would have to raise a fraction of the money to build the road, utilities, parking lots and and 2 buildings on the south side.
Since they raised a lot of money last year, rewarding lenders with a small percentage of the taproom net profits, I doubt they would need more than $2 million to get at least the taproom or the restaurant open by spring 2025, just about the same time that the neighborhood to the east should be nearing completion, since the neighborhood roads are already complete.
They might not even need a construction loan if they bring other investors on board. And unlike a brand new microbrewery, BrewBilt can already supply all the beer they need to the new taproom and restaurant. The taproom and restaurant would add a sweet new addition of profits to the company, allowing them to continue to grow. And all of a sudden there would be 2 BrewHaus locations in northern California.
Okay, just dreaming. Just my opinion; not investment advice. I did buy a few more shares this week after thinking about this idea. The full Phase II brewery still seemed too far out of reach but just a new taproom or restaurant seems like something they could pull off if it's in their plans.
New Instagram video yesterday showing the outside with some tables.
https://www.instagram.com/p/C02_QV6LYYW/
Still hoping we get a blistering hot PR about a hospitality franchise contract. There are other companies that have microbrewery franchise business models in place but since BrewBilt can do their own equipment manufacturing, I would think that they could offer a much more competitive microbrewery franchise opportunity to potential franchisees.
Even though we still have outstanding share issues here, both Jef and Bennett both now have a lot of common shares. And even though the company raised over a million dollars last year via promissory notes that are backed by convertible preferred shares which are likely to keep driving the OS up, it still feels like those investors are on board to collect shares at half the price that regular investors can get them.
Even Bennett himself was one of those investors that loaned the company $460,000 last year via two promissory notes ($295,000 and $165,000) and since I don't see any way that the company can pay back any of the near-term promissory notes (first one due Dec. 30th for $200,000; thought it was the 16th) that are coming due, unless they borrow more money from someone else, then that means that one of the investors is about to get convertible preferred shares around that time, so my play is to watch for a press release right around then, allowing that investor to convert preferred shares to common shares, leading to a temporary spike in the stock price.
I figure if the insiders are collecting shares, as well as some other lenders, one of which is shown as a related party, then maybe all those folks see something big coming down the pipeline.
By the end of the 2nd quarter, we might finally have a meaningful spike in revenues because of the taproom during springtime, along with wholesale beer sales. Plus, if the company was able to convince a half-dozen lenders to lend BRBL so much money last year, then maybe they can find even bigger investors who want to get on board to get the Phase II brewery off the ground.
Anyway, no way to know for sure how it's going to play out. Just my opinion; not investment advice as I'm not a financial advisor. I just like having one very high risk stock play in my portfolio at all times and BrewBilt is the one for me. I like how they always make forward progress even though they're always faced with seemingly insurmountable odds. And I dig how they always focus on very high quality results. Sure enough, for such a small building, they sure did make the taproom functional and nice!
good times ahead for sure, looking forward to seeing our next press release.
Grabbed a couple more shares this morning
BrewBilt Strong
Oops, forgot to deduct the cost of interest for the $ 740,000 in loans that may be directly tied to the taproom as there were taproom net profits associated with the loans. Don't know if those loans are simple or compound interest but I'll call it $7,000 interest expense per month, still keeps them profitable during the summer but maybe break even during the winter. Gotta start somewhere. McDonald's doesn't have wealth because of 1 restaurant. It's gets better the more taprooms and restaurants the company can open, just like all the other big breweries. I'm still looking 1 to 3 years out for this play to really blossom but they keep making great steps along the way, IMO.
I can't wait for the May - September 2024 tourist season for the taproom, a mere 4.5 months away. The company obviously has profit margins in mind. Over a year ago they mentioned in a press release how strong the profit margins were for draft beer relative to sales to retailers.
I think I recall the price of a pint at the taproom was going to be $7 (I'm pretty sure) and of that it would not be unreasonable to have a gross profit margin of $5. Looking at several scenarios, lets say a member came in for the free weekly pint, then ordered another pint after that. Those pints might cost $2 each so the company would get $3 of gross profits.
Alternatively, based on the Instagram site, the tap room will be open 58 hours per week. During the 5 tourist months, lets say they had a mere 20 customers per hour throughout the day, a quite low number, considering they can seat 90 indoors and out. If each customer only had 1 pint, plus a pretzel, or a sausage, I'll guess $5 gross profits for the pint and $3 gross profit for the food. That's $8 gross profit per person, per hour, times 20 customers per hour, is $160, times 58 hours for the week, equals $9,280 in gross profits for the week. Call it just 4 weeks for the month because of holidays and we get $37,120 in gross profits for the month.
Since we already deducted the food and beer cost, I'll deduct $20,000 for salaries, $5,000 for the monthly lease, $1000 for electricity, etc. and maybe they end up with $10,000 in net profits per month, minus $700 of course for the promissory note holders who get their cut of course. $9300 per month would not be bad, and even if they only had 10 customers per hour (a table of 4, and 3 table of 2) then it looks like they still could make some money.
But the tourist months can get packed during the summer, even 6 days per week when they're open. $20,000 per month in net profits wouldn't surprise me during those months, or maybe $100,000 for the summer months. While that's not a ton of money, it's far better than borrowing $20,000 a month to sustain the brewery until it's much bigger.
Plus, the BrewHaus will get a lot of visibility from visitors from all around the state, making the BrewBilt Brewery and the BrewBilt BrewHaus brand much better known going forward, likely helping to add incremental sales for BrewBilt's wholesale accounts to stores, bars and restaurants.
A lot of very successful breweries made great strides by starting with and taproom so this puts further on track to becoming a much more successful business down the road, IMO.
Fantastic news!
$BRBL
Today's post, in part..."And just like that, we’re OPEN (softly) all week!" Plus a new pic looking down the bar.
https://www.instagram.com/p/C0xCV0dSAe9/
Notice how BrewBilt BrewHaus is a sponsor on this web site that broadcasts to the Sierra Nevada Foothills region. You can see the logo further down on the page. I'm listening to their digital stream right now, playing music. Moments ago they were talking about some other businesses in the area. I suspect there will be mentions about the BrewHaus as well since they are a sponsor.
https://kvmrx.org/sponsors/
The analog station is on 89.5.
https://www.kvmr.org/
Are you in this play? What's your take?
When searching for "BrewBilt BrewHaus" on Google, you can see 2 additional pics associated with the taproom. One of them is a picture of a plate with a large soft pretzel. That kind of food item is great as it should have have a very strong gross profit margin just like a pint of beer would have as well. The BrewHaus is getting primed for significant profits coming this spring and summer...in a hot tourist town!
Plus, true to the motto, BrewBilt has done a great job of creating a nice looking taproom that has an upscale look to it. Instead of putting in cheap recessed can lights into the ceiling, they made sure to add a dozen or so very nice lights to the taproom, making it look much nicer. BRBL just took another step up the ladder!
https://www.google.com/search?client=firefox-b-1-d&q=brewbilt+brewhaus
I saw another micro brewery giving away a free pizza during the holidays, yeah that's expensive, but gets people in for their first time experience.
Looking really good for things to come down the pipeline. Happy holidays to all who believed. Blessed to see us growing so fast
BrewBilt Strong
Here's another view of the inside of the taproom during the soft opening. Pretty nice job for such a small space.
https://www.instagram.com/p/C0sxhcsL9g3/
Thanks, just saw it moments ago.
https://www.instagram.com/p/C0pWUdES_kY/
Just posted on Facebook’s BrewHaus Nevada City page — a sneak peek of the about-to-open pub!
$BRBL
Someday, I figure, the Phase II brewery could easily bring 50 full time jobs to Grass Valley, CA., for starters. My intuition tells me that the city Grass Valley will be quite instrumental in helping make the Phase II brewery come to life. Could become significant long-term tax revenue for the city and county.
Give it time. BRBL looks on track to at least triple their revenues from last year. With the taproom opening their doors this month, I wouldn't be the least bit surprised to see revenue quadruple in 2024. It's always slow growth at the outset but if the Phase II brewery gets built, then the sales team can do their magic, expanding distribution around the state.
The key to this play, imo, is patience.
Sweet! BrewBilt Brewing was named the Grass Valley Downtown Assoc. Business of the Year.
https://www.instagram.com/p/C0mgmQax-XK/?hl=en&img_index=1
I like it, as a long term play. CEO still does not have shares over there as his attempt to convert preferred shares to common got rescinded by the company. Who knows what that was all about? Still, having Sierra Nevada Brewing as a customer is a good sign going forward. Prefer the AB$$ and BE$$ stocks for the short term.
Just my opinion; not investment advice.
draft....what's your thoughts on BBRW I've forgotten.
Okay, good luck. The real significant move we could see here seems many months away still unless they announce something significant about the microbrewery franchise or if they announce definitive funding for the Phase II brewery later in the spring/summer. This is a long term play for me.
Closed Out!! On This One!! Just Decided To Move On!! Only lost my commission 6.95 to buy and 6.95 to sell looking at some others. Wish yous the best. Take Care!!
Even though this has.more shares over BBRW, it has a better chance of running because of the preferred conversions. But only if they don't sell at the onset of volume. And slowly but surely volume is picking up. Hopefully it starts hitting 100 plus million traded in the coming days.
Also from the most recent 10-Q...
"The Company’s revenues were $127,822 for the three months ended September 30, 2023 compared to $34,526 for the three months ended September 30, 2022. The increase was due to the production of beer that began in June of 2022."
So while the company is still losing a lot of money, which is completely normal for startup companies, they are indeed showing signs of decent revenue growth and will now start getting an additional revenue boost from the taproom that is targeted to open this month.
For any new investors, keep this in mind when doing your due diligence...key insiders now own a boatload of common stock, over 33% of the outstanding shares last time I looked. One might think they're finally now incentivized to see the stock price increase! Just my opinion; not investment advice.
From the most recent 10-Q....
"During the nine months ended September 30, 2023, Jef Lewis converted 1,211 Series A Convertible Preferred shares, valued at $325,153 in to 1,260,160,000 shares of common stock. The common stock was valued at $1,456,522 based on the market price on the date of the conversions, and the company recorded a loss on conversion of $1,131,369 to the statement of operations.
During the nine months ended September 30, 2023, Bennett Buchanan converted 689 Series A Convertible Preferred shares, valued at $184,997 into 1,849,965,000 shares of common stock. The common stock was valued at $554,990 based on the market price on the date of the conversion, and the company recorded a loss on conversion of $369,993 to the statement of operations."
Excellent! Been watching that daily.
They also now have a time limit on their memberships at the BrewHaus, with a lower price as well. That should really help to generate some short term profits while they figure out what food items bring them the best profit margins.
Looking forward to how they're going to promote their opening this month. Maybe they'll have a huge New Year's Eve party.
https://www.brewbiltbrewhaus.com/jointheclub
we are ready for lift off
https://www.abc.ca.gov/licensing/license-lookup/single-license/?RPTTYPE=14&COMPANY=Y&LICENSEE=brewbilt
BrewBilt Strong
For anyone new here, here's a plan of the neighborhood being built just to the east of the planned location of the Phase II brewery. You can see the vacant 12.7 acre parcel in the northwest part of the map.
https://www.cityofgrassvalley.com/sites/main/files/file-attachments/loma_rica_ranch_0.pdf?1628008658
Here's the Phase II brewery site plan.
https://brewbiltbrewing.com/phase-ii-site-plan/
A small teaser post on Instagram yesterday.
https://www.instagram.com/p/C0Zp5vaPOLx/
This to me is a no brainer for to sit back and grab many more shares at this level and wait some more to see our company grow before our eyes, they are moving forward on all cylinders now, best to all that see the future too
Long and Strong
With that $300,000 in loans from this summer, along with the $440,000 in loans from October, it makes me wonder what they're doing with all of that money. They certainly don't need that much to get the taproom open. Are they going to use part of the $440,000 to help pay off the $200,000 loan that is due in December? Or do they have something else in mind to do with that money beside paying some bills and interest expenses. It's become too difficult to speculate for me. But we should certainly hear a lot more this month once they get the taproom open. Hopefully another new project has begun. I still think that brick building to the south might make for a nice small brewery.
I'm hoping I have another 3-5 months to accumulate shares down here. With land development and construction loan rates so high, most businesses would likely wait until they drop 3-5% which could take at least 4-6 months based on the way the Fed is projecting interest rates. Just a 3% savings on a $5 million starter loan could easily save the company $150,000 in annual interest expenses. Plus, as winter sets in, that 12 acre property down by the creek will probably be a sloppy mess until mid-spring. I think we have another 3-5 months to go before they can get started on the Phase II brewery but I do think the odds of it actually getting built someday are going up.
I'm still waiting on profits from another stock as I only like to risk profits on this kind of stock play as it's indeed a high risk/high reward investment for me. It's certainly a lot less riskier than it was 7 years ago when the toxic lenders had the company in a real financial jam. But I figure since they were able to survive those more troubling times, they'll find a way to move forward with a regional brewery someday, hopefully starting the land development phase this coming spring/summer.
my guess very soon these shares at .0001 will be gobbled up in no time. Watch the grab game begin, Looking Forword to the taproom opening any day now, and that's just what we only know. Itching to be a founding member, only if we opened it in the east coast lol
Dark Knight Rises
Game on if this goes as planned
https://brewbiltbrewing.com/wp-content/uploads/2022/04/201234-Concept-1b.pdf
Notice from the quarterly filing how BRBL got an additional $440,000 in funding in October from two sources of $220,000 promissory notes. Those lenders both got preferred shares as well as 2% each of the taproom net profits starting in December. That should be a total of 7% of the net profits to be distributed to lenders from the taproom so far. Still way better than toxic convertible debt!
Could become the funding model going forward for any additional franchise taprooms or the Phase II brewery taproom or restaurant. If the CEO can raise $740,000 in loans for a small taproom in Nevada City, my bet is that he will be able to raise far bigger loans for the Phase II brewery or franchise locations.
Just my opinion; not investment advice; I'm not an investment advisor.
On October 25, 2023, the Company entered into a Promissory Note with Peter and Kacie Callaham in the amount of $220,000. The full balance of this note, including all accrued interest, is due and payable on October 20, 2024, and will accumulate interest at a rate of 10%. The note includes the issuance of 745 shares of Series A Convertible Preferred shares with a stated value of $200,033. The Company will also pay 2% of net profits generated by the BrewBilt Taproom, for 60 months, commencing on December 1, 2023. The payments will be monthly and due on the first day of the following month.
On October 25, 2023, the Company entered into a Promissory Note with Richard and Kacie Catherine Beckley in the amount of $220,000. The full balance of this note, including all accrued interest, is due and payable on October 20, 2024, and will accumulate interest at a rate of 10%. The note includes the issuance of 745 shares of Series A Convertible Preferred shares with a stated value of $200,033. The Company will also pay 2% of net profits generated by the BrewBilt Taproom, for 60 months, commencing on December 1, 2023. The payments will be monthly and due on the first day of the following month.
Pretty much all I do now... this is the only one I post on any more. Don't care who's in what I just trade it, bank my profit and move on before someone can @$#@ me. lol
I fully expect volume here within a week or two. Just a hunch but the manufacturing side is about to push the brewing side. IMO.
Maybe the hospitality contract. They were getting the identical PR's over there as well and since they had manufacturing delays all last year, maybe getting back on track with manufacturing was needed to make equipment for franchise locations. Of course my dream would be is that both companies land some monster long-term deal with Sierra Nevada, but that's a dream only. Just glad I have shares in both!
something is brewing:=) Keep your eyes on the ball,
What's your take on the sudden movement over at the manufacturing side?
The manufacturing stock is exploding with volume on no news. So whatever is about to drop hopefully has an effect here. It seems if the hospitality contracts do go through that both the brewing and manufacturing side will benefit. Let's see what happens
all we need here is 2000 or so lifetime memberships and that would help alot
Reread your own post.... you are definitely recommending it.
I'm not recommending anything. I'm just pointing out other intriguing possibilities.
I certainly wouldn't buy anything you were recommending. lol
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