BrewBilt Manufacturing Inc. (OTCMKTS: BBRW) is up 33% in a week. The company has announced that its Finish distribution partner has closed the necessary bank financing for the purchase of its fermentation tanks and brewhouse, expected to act as the manufacturing hub for the Mad Finn Brewing Company and a BrewBilt display for sales to EU markets through Brewery Ninjas, the company’s distribution arm.
Trading Data
On Wednesday, BBRW stock ended flat at $0.0004 with more than 204.15 million shares, compared to its average volume of 131.60 million shares. The stock moved within a range of $0.0003 – 0.0004 after opening trade at $0.0004.
BrewBilt Manufacturing on the Way to European Craft Beer Market
The company’s CEO Jef Lewis stated that South Pacific Traders Oy, the mother entity of Mad Finn Brewing Company and Brewery Ninjas in Finland, has been cooperating closely with BrewBilt Manufacturing.
Brewery Ninjas intends to offer BrewBilt Manufacturing gear to the EU market. In contrast, Mad Finn hopes to manufacture at its 1,000-square-meter plant and distribute BrewBilt Brewing Co. craft beer across Northern California. BrewBilt Brewing Co. and BrewBilt Manufacturing are expected to work together to enhance South Pacific Traders’ sales and distribution in Europe. So, investors should keep an eye on BBW in the coming weeks.
Key Quote
CEO Jef Lewis stated, “The Company has been working diligently with South Pacific Traders Oy, the parent company of Brewery Ninjas and Mad Finn Brewing Company in Finland. Brewery Ninjas plans on selling BrewBilt Manufacturing equipment to the European community, while Mad Finn anticipates brewing in their own 1,000-square meter facility as well as distributing craft beer produced by BrewBilt Brewing Co. in Northern California. The synergy between BrewBilt Manufacturing and BrewBilt Brewing Co. is expected to support distribution and sales for South Pacific Traders in Europe.”
Technical Data
BBRW stock is trading below the 20-Day and 50-Day Moving averages of $0.0004 and $0.0005 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0017.
