BrewBilt Brewing Co (BRBL)

[downdraft]

Yet, they always find a way to move forward here. Just like the new lease agreement they signed last year for the taproom in Nevada City. Somehow they find a way!

From the 10-Q...
"On August 26, 2022, the company entered into a commercial lease with 4-Corners LLC to establish a Tap Room as part of its brewery revenue. The space is located at 300 Spring St, Nevada City, NV 95959, and the lease has a term of five years, from September 1, 2022 through August 31, 2027. The rent is $3,000 per month from September 1, 2022 through December 31, 2022, $3,500 per month from January 1, 2023 through August 31, 2023, $3,800 per month from September 1, 2023 through August 31, 2024, $4,400 per month from September 1, 2024 through August 31, 2025, $4,700 per month from September 1, 2025 through August 31, 2026, and $4,914 per month from September 1, 2026 through August 31, 2027. On September 1, 2022, the Company recorded of ROU assets of $212,040 and lease liabilities of $212,040 in recognition of this lease."

It's amazing that given their poor financial condition they always seem to be able to negotiate their way forward, just like I think they will do with the 12 acre, Phase II microbrewery.