BrewBilt Brewing Company (OTCMKTS:BRBL) on April 22, 2022, announced brewing facility will start operations on May 15, 2022. The company also confirmed one of the top salespersons will be spearheading the branding and distribution of its craft beer.
Trading Data
On Friday, BRBL stock soared over 46% to $0.0010 with more than 209.73 million shares, compared to volume of 35.41 million shares. The stock moved within a range of $0.0007 – 0.0012 after opening trade at $0.0008.
CEO Jef Lewis said that the firm is finalizingconstruction of the 7000 sq. ft. facility with a 20-BBL brewhouse for commercial brewing of craft beers as well as commercial contracting of craft beers. Lewis added that its Type 23 enables an annual capacity of 60,000 BBL.
Lewis further said that the company has an experienced salesperson in the beer industry, Brian Williams, who will be joining the team from May 1, 2022. Brian has over two decades of experience in management and distribution with emphasis in beer distribution. Commencing as team lead for Beck’s North America, Brian has also been marketing manager for InBev USA. The CEO added that he was National Accounts Manager with Heineken USA, contributing to the growth in retail markets of Whole Foods, Circle-K as well as Bristol Farms.
The company has negotiated pre-contract sales with existing restaurants, hotels as well as grocery stores. While the target area would be Northern and Southern California, the company is also working with a European distribution company. It plans to enter the European markets in 2023.
Key Quote
CEO Jef Lewis stated, “The Company is finalizing the construction of its 7000 sq. ft. facility with a 20-BBL brewhouse for commercial brewing of its craft beers and commercial contracting of craft beers. The Company’s Type 23 brewing license allows for an annual capacity of 60,000 BBL.”
Technical Data
BRBL stock is trading below the 20-Day and 50-Day Moving averages of $0.0011 and $0.0015 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0128.
