Brewbilt Brewing Announces Opening of Commercial Production Facility
BrewBilt Brewing Company (OTCPINK: BRBL) announced the opening of its Northern California commercial production facility set for next week, following the receipt of a Type 23 license from the California Department of Alcoholic Beverage Control.
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Rhea-AI Summary
BrewBilt Brewing Company (OTCPINK: BRBL) announced the opening of its Northern California commercial production facility set for next week, following the receipt of a Type 23 license from the California Department of Alcoholic Beverage Control. This license permits production of up to 60,000 barrels annually. The company plans to launch four premium craft beer brands and anticipates significant revenue growth, projecting total earnings of approximately $37 million by 2026 based on increased production. Efforts to secure a public tap room are also underway.
Positive
- Official opening of the Northern California commercial production facility.
- Received a Type 23 license allowing production of up to 60,000 barrels annually.
- Projected total revenue of approximately $37 million by 2026.
Negative
- None.
Details
News Market Reaction – BRBL
The recorded move for BRBL in the trading session of this news was +18.18%.
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GRASS VALLEY, CA, June 17, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Today BrewBilt Brewing Company (the "Company") (OTCPINK: BRBL) announced the official opening of their Northern California commercial production facility for next week.
BrewBilt Brewing will begin brewing next week in preparation to launch its initial four brands of premium craft beer. The Company was just issued its Type 23 - Small Beer Manufacturer license by the California Department of Alcoholic Beverage Control, which allows the Company to process up to 60,000 barrels annually. The Company is also permitted to apply for a duplicate of this license to open a public tap room. Efforts to secure a tap room space are already underway. The projected revenue based on pre-sold accounts and expanded market targets, as well as a 50 cans per minute automated canning line and automated production facilities, is as follows:
| PROJECTED | PROJECTED | |
| YEAR | BARREL PRODUCTION | REVENUE |
| 2022 | 2,200.00 | $ 663,000.00 |
| 2023 | 9,300.00 | $ 3,162,000.00 |
| 2024 | 13,600.00 | $ 4,624,000.00 |
| 2025 | 27,600.00 | $ 9,384,000.00 |
| 2026 | 56,400.00 | $ 19,176,000.00 |
| TOTAL | 109,100.00 | $ 37,009,000.00 |
The Phase I facility is complete, and the Phase II facility is earmarked for 2025.
Follow us on Twitter (@BrewBiltBrewing) and Instagram (@BrewBilt_Brewing)
ABOUT BREWBILT BREWING COMPANY: (http://www.brewbiltbrewing.com)
Located in the Sierra Foothills of Northern California, BrewBilt Brewing Company produces its own BrewBilt branded beers, as well as providing private label and contracting brewing services. BrewBilt Brewing grew out of BrewBilt Manufacturing Inc., an iconic company that has been handcrafting custom breweries and fermentation systems since 2014. BrewBilt Brewing's production staff consists of industry veterans that will use high quality brewing equipment and ingredients to deliver outstanding craft beer to California and beyond.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. The forward-looking statements are based on management's expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Company's ability to effectively execute its business plans; unforeseen construction delays; the Company's need for additional capital; changes in general economic and financial market conditions; changes in the competitive environment; litigation; losses, customer bankruptcy, claims and assessments; and regulatory or legislative requirements affecting the Company's business. Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.
Contact:
Jef Lewis, CEO
BrewBilt Brewing Company - BRBL
(530) 802-0036
Info@BrewBiltBrewing.com
Source: BrewBilt Brewing Company
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