Tuesday, February 14, 2023 10:09:01 PM
Looks like the head brewer formulated all of the beers that we've seen recently, and the director of sales, or whatever his title, is bound to be signing up new accounts weekly, as that's what good sales professionals are able to do. Revenue must be growing as has been alluded to in earlier press releases. It was only in late October that they started selling to grocery stores. Maybe we'll see a 10-K filing as early as tomorrow, or at least this month.
Besides just the grocery stores, there are a ton of bars and restaurants in California. A good salesperson can land lots of new accounts for kegs of beer, or cases, in those locations.
Even though microbreweries are now a dime a dozen around the U.S., BrewBilt Brewing has a monster-size advantage via their sister company, BrewBilt Manufacturing, allowing them to scale their brewery operations much quicker and easier than other microbreweries that want to scale up to a large-sized brewery. I have no doubt they will try and move forward with the 70,000 square foot brewery, as funding permits.
From the last quarterly filing, BRBL also showed that they leased a building in Nevada City, NV, for a tap room as well. With the lease in place, my guess is that will be up and running by the summer.
The remaining convertible notes make me nervous no doubt, but it just seems logical that we're mere days or weeks away from getting substantial news about the 40 microbrewery partnership. BRBL has quite a good track record of eventually reaching their business operation goals so I think BrewBilt will come through yet. My gamble is that this deal goes through, leading to conventional debt financing and a huge run, and then maybe well into the future they'll have to do one small reverse split to get the stock to a higher exchange, but certainly not to take on more toxic debt. I welcome those kind of reverse splits.
Plus, as many of you know well, unrestricted shares remain quite low!
Just my opinion; not investment advice.
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