BrewBilt Brewing Expands Retail Reach as Its Craft Beers Enter Albertsons’ Safeway Stores in NorCal

Rhea-AI Summary

BrewBilt Brewing Company (OTCPINK: BRBL) has achieved a significant milestone, announcing the demand for its craft beers in retail markets. With a Type 23 License in California, the company can produce up to 60,000 BBL of beer annually, translating to potential revenue of $36 million. Plans for acquiring a Type 1 License for unlimited production are underway. CEO Jef Lewis highlighted their rapid expansion and partnerships with grocery chains, aiming for higher exchanges and profitability, which may enable share repurchases and dividends for investors.

Positive

• Achieved production capability of 60,000 BBL annually, equating to $36 million in revenue.
• Plans to seek a Type 1 License for unlimited production.
• Rapid expansion with products now available in major grocery chains like Albertsons/Safeway.
• Potential for share repurchases and dividend programs as profitability approaches.

Negative

• None.

GRASS VALLEY, CA, Nov. 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Today BrewBilt Brewing Company (the "Company") (OTCPINK: BRBL) announces another new milestone for retail customers demanding BrewBilt Brewing’s craft beers.

The Company has a Type 23 License in the State of California which allows for up to an annual production of 60,000 BBL of craft beer. This equates to $36,000,000 in revenue. The Company plans to seek a Type 1 License which will allow for an unlimited production amount.

CEO Jef Lewis stated, “As mentioned last week, we are one of the fastest expanding new brewers in the USA as we have built a quality commercial brewery in the past 12 months and launched our core craft beers in the past four months. Our products are everywhere locally in the Grass Valley area, and we are now proud to be an Albertsons/Safeway vendor. Grocery Outlets and other grocery store chains who are currently selling our craft beers are reordering and very pleased with the quality and service we’re providing.”

Mr. Lewis further stated, “How does this affect our business and our shareholders? We are working closely with our broker/dealer on plans to move to a higher exchange. Our revenue is expanding on a daily basis, and profitability is on the near horizon. This will afford BrewBilt to repurchase shares, reduce debenture transactions and implement a dividend program for our shareholders.”

The Company is now being recognized for its German-inspired beers using traditional techniques and California craft malts and other local ingredients. BrewBilt Brewing Company has very good ratings on the popular craft beer rating site Untappd.com.

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 line of premium craft beers. 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 who 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
(530) 802-0036
Info@BrewBiltBrewing.com

Source: BrewBilt Brewing Company

FAQ

What is BrewBilt Brewing Company's current production capacity?

BrewBilt Brewing Company has a Type 23 License that allows for annual production of up to 60,000 BBL of craft beer.

What are BrewBilt Brewing's plans regarding production licenses?

The company plans to seek a Type 1 License, which would allow for unlimited production.

How much revenue can BrewBilt Brewing potentially generate?

With its current license, BrewBilt Brewing can potentially generate $36 million in annual revenue.

What retail partners are carrying BrewBilt Brewing's products?

BrewBilt Brewing's products are available at Albertsons/Safeway and other grocery store chains.

What future opportunities does BrewBilt Brewing anticipate for its shareholders?

The company anticipates the potential for share repurchases, reduced debenture transactions, and the implementation of a dividend program.