Rooshine Inc. (RSAU)

[CrazyC]

New 2020 year-end financial statement filed yesterday afternoon...

https://backend.otcmarkets.com/otcapi/company/financial-report/274696/content

Subsequent to this year-end reporting period, the Company has executed an agreement with Derbyshire Distillery in the United Kingdom
whereby Derbyshire will package Rooshine Spirits and sell those packaged goods via Derbyshire’s existing distributions channels, and the Company will provide Derbyshire with bespoke aged Whisky and Rum in bulk for their own brand. As part of this agreement Derbyshire Distillery will be selling Rooshine products through their existing distribution channels across the UK, and Rooshine products will also be available via their website for customers internationally. To that end, Derbyshire is in possession of and will begin bottling the 3 IBC’s of Rooshine product reported to the market in our Q3, 2020 Disclosure, which include a 1,000 Liter IBC of Dark Rum, a 1,000 Liter IBC of Spiced Rum, and a 1,000 Liter IBC of Whisky. Derbyshire will begin packaging this product at the end of March 2021.

Subsequent to this year-end reporting period, the Company has executed an agreement with a Canadian company to enable the sales and distribution of Rooshine's products throughout Canada through a licensed distillery. This Canadian company is also launching its own brand of custom aged spirits supplied by Rooshine, Inc, that will be available throughout Canada, US and UK Markets in the coming months.

Revenues:

The Company has devoted substantially all its efforts towards establishing new business opportunities under the bespoke spirits
product lines. There has been no revenue generated from spirit sales during the periods ended December 31, 2020 and 2019.

Company Management expects operating revenues from product sales beginning in Q2 2021 which will reflect the new brand license agreement and Change of Control Agreement. All phases of the business have been negotiated from supplies to distillation to bottling to distribution and sales. However, as noted above, the Company’s ability to realize initial product launch in Q2 of 2021 is entirely contingent upon securing adequate funding including a revolving line of credit.