Yes, they are growing quickly, as they expected. That's because management isn't using some distant cousin to do their sales. They hired an experienced sale professional with 20 years of experience in the industry to drive sales. People like that have decades of connections that allow them to quickly grow sales.
Even back in October, BRBL said they already had 200 customers. Even if each bar, tavern, restaurant, grocery store location only ordered $500 worth of product each month (a couple of kegs and a dozen cases of beer), that's $100,000 in monthly revenue right there. That in itself would be about 9x the amount of revenue compared to Q3 of last year.
But it's the margins on the Nevada City Taproom, when it opens, that should give them extra cash to really grow, without requiring convertible notes. Plus, of course, who knows how big the $130 million microbrewery deal will become over time...maybe many hundreds of millions worth of revenue. My guess is that they need to secure their unlimited beer production license in advance before that portion of the business can begin to scale.
In the time being, I'll bet the company shows substantial sales revenue for Q4, especially since they have the grocery store accounts already!
The BRBL stock might be sleeping for now, which is fine with me, as I'm still slow-loading what I can. I'm sure I'll add another million shares this week.
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