While it is true that its stock was trading in a range on Tuesday, it should be noted that BrewBilt Brewing Company (OTCMKTS:BRBL) did make a major new announcement that investors could do well to look into.
Trading Data
On Tuesday, BRBL stock gained 0.72% to $0.0007 with more than 131.34 million shares traded, compared to a volume of 42.63 million shares. The stock moved within a range of $0.0007 – 0.0011 after opening trading at $0.0008.
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The company announced that it had come up with a dual strategy with regards to its sales strategy for fulfilling the aim of hitting $20 million in the form of yearly sales by 2027. The strategy was explained by the Chief Executive Officer of the company Jef Lewis in a statement and it may be a good move for investors to take a look into it.
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He noted that BrewBilt was looking to implement a strategy in which it wanted to combine both distributions along with a direct-to-consumer sales channel. He noted that it was a well hones method that could lead to organic growth and went on to note that it had helped the company considerably as regards some of the products that it had launched previously.
At this point, it may be a good idea to keep the BrewBilt stock on their watch lists and watch out for further developments on this front.
Key Quote
CEO Jef Lewis stated, “Regional distribution paired with direct-to-consumer online sales will drive the Company’s initial growth. Brian Williams, our Head of Sales, is now in the brewery strategizing and honing the details of debuting our first craft beers in the marketplace. We’ll work ‘on-premise’ to sell ‘off-premise,’ a systematic and organic approach that has proven successful with previous new brand launches.”
Technical Data
BRBL stock is trading below the 20-Day and 50-Day Moving averages of $0.0008 and $0.0010 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0074.
