Shares of BrewBilt Brewing Company (OTCMKTS:BRBL) pulled back a bit in the previous trading session. The stock has jumped 8% over the past week.
Trading Data
On Tuesday, BRBL stock fell 3.23% at $0.0090 with more than 9.75 million shares, compared to its average volume of 5.10 million shares. The stock has moved within a range of $0.0078 – 0.0097 after opening the trade at $0.0097.
BrewBilt is Now Brewing Its First Kolsch Craft Beer
BrewBilt Brewing Company (OTCMKTS:BRBL) is engaged in the process of completing their brewing facility, while also obtaining permits to get the green light for brewing craft lagers and ales, with a focus on European-style lagers. They are working towards offering their own lineup of craft beers, along with private label and contracting brewing services. They have just announced that brewing of craft beer in test batches have started, with anticipation of initial sales starting sometime in early 2022.
CEO Jef Lewis stated the company is engaged in brewing test batches of their first craft beer (a Kolsch-style ale). They are also looking to contract brew for a variety of small and large companies, both in the United States and in Europe. An extensive market study has been conducted for this purpose, which included a visit to Europe as well.
The company believes there is huge demand for American craft beers from the 20-30 year old demographic in Europe. Even though there are some smaller breweries in the US that distribute craft beer in Europe, they are hopeful that products from the BrewBilt Brewing Company will garner positive feedback from European consumers. They have initiated the process of contracting with domestic and international distributors for the distribution of their craft beers in the US and EU.
Key Quote
CEO Jef Lewis stated, “The company is now brewing test batches of its first craft beer, a Kolsch-style ale, and preparing to contract brew for a variety of small and large companies, both in the United States and in Europe.”
Technical Data
BRBL stock is trading below the 20-Day and 50-Day Moving averages of $0.0113 and $0.0158 respectively. Moreover, the stock is trading below 200-Day moving average of $0.1337. The stock is down 69% in the past 3-month.
