BrewBilt Brewing Co (BRBL)

[downdraft]

Big change at our sister company this week. Because of the slowdown in the craft beer industry, they are branching out their operations to include all kinds of metal fabrication, from fences agricultural, to beverages in general and more.

Because some microbreweries are going out of business, it means used equipment becomes available, which puts pressure on new equipment sales.

Makes we wonder if BRBL has decided not to move forward with the Phase II brewery because of the slowdown in the industry, and especially because the site plan is no longer on their site. The taproom certainly appears to be a success so maybe if they branch off into non-alcoholic beverages as well, that will given them more high profit margin products to sell at the taproom.

The taproom should give them a boost in cash this summer so hopefully that's in the cards. But as far as blockbuster growth that they were forecasting in early 2022, they didn't come close to their goals. I still think they should focus on opening up a larger restaurant/taproom, or expand the current one, in the short run, to maximize profits.

For now, I'll switch my focus to electric trucks (MUL$) specifically, because this week they got a huge approval for selling their class 3 trucks. Check out the CARB program and how many states are backing it, and the huge $45,000 potential rebate the customer could get.