BrewBilt Brewing Co (BRBL)

[downdraft]

While I've always expected another reverse split, I was okay with that as the company sure did paint a rosy picture about where they were heading. I think one press release in 2022 was confident of $3 million in sales by Q3 2023. Obviously they missed that mark.

Then their 3 months of press releases about the hospitality franchise contract with 10 locations in Florida and 10 locations in California has amounted to zip, nada! Plus, now there's no movement on the Phase II brewery either. As of this past weekend there was still no new building permits.

At least the taproom is a success but I don't see anything at this point that will allow them to grow to tens of millions in annual revenue unless they follow through with all of their goals/promises/hype.

I've got my attention on other plays for now. Maybe one of these years the company will stumble upon some success. It's not easy to become a monster size company.