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BrewBilt Brewing Company (OTCPINK: BRBL) has announced the expansion of its online sales for craft beers, leveraging existing retail contracts with Albertsons/Safeway and Grocery Outlet. CEO Jef Lewis highlighted the growing efficiency of e-commerce in the beer industry, as consumer interest in direct-to-consumer purchases rises, with a reported 92% of regular craft beer drinkers willing to buy beer online monthly. BrewBilt's sales have surged over 330% since production began in July 2022, and the company boasts an 80% customer retention rate. The firm plans to finalize its franchise hospitality contract and file audited financials for 2022.
BrewBilt Brewing Company (OTCPINK: BRBL) announced significant year-over-year growth, reporting a 60% increase in assets and a 54% increase in sales. The company sees potential for substantial revenue growth through franchise agreements, supported by a strong demand for craft beer, with retail sales reaching $26.8 billion in 2021. BrewBilt aims for profitability by Q3 2023, driven by a monthly sales growth rate of 57% and plans to expand outlets with Albertson/Safeway. CEO Jef Lewis highlighted ongoing negotiations with a hospitality firm for franchise expansion, emphasizing the company’s growth trajectory.
On February 2, 2023, BrewBilt Brewing Company (OTCPINK: BRBL) announced a strategic partnership to distribute its craft beers in premier entertainment venues nationwide. Chairman and CEO Jef Lewis confirmed that this partnership will begin with breweries in California and Florida, targeting around 40 locations that are expected to generate approximately $130 million in revenue. This development is set to bolster BrewBilt's craft beer production and revenue streams.
Additionally, BrewBilt is highly rated on the craft beer rating site Untappd.com, enhancing its market positioning.
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