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:
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
As we move toward the end of Q2, it’s time to start thinking about earnings. Looking back at the quarter, analysts are predicting earnings growth of 8%, which may rise to 11% heading into next year. It’s a rosy picture, but it’s also not a sure thing. GDP contracted in Q1, by nearly 1.5%, and some estimates are showing 0% growth in Q2. Such results would meet the technical definition of a recession – and recession is hardly the usual environment to find robust earnings growth. Looking at current
Nuclear submarine supplier to be sold to US buyer after diplomatic row Russian default expected within days Retail sales volumes down 0.5pc in May FTSE 100 rises strongly Ambrose Evans-Pritchard: The pro-Brussels establishment is painting Brexit as an economic disaster to reverse it Sign up here for our daily business briefing newsletter
At current levels, investors need a 7% to 8% return just to preserve their wealth.
Tesla plant near Shanghai is going to shut down temporarily, according to reports. On Wednesday, Reuters reported that Tesla (ticker: TSLA) will shut down production in China for a couple of weeks at the start of July to upgrade equipment. Tesla didn’t return a request for comment.
“Time is running out for cash-burning companies kept afloat with easy access to capital,” New Constructs CEO David Trainer said in a Thursday research note.
Energy prices are high. But bargain-hunter Buffett continues to bet on big oil.
The drop is exciting some Berkshire investors because the stock now trades for 1.3 times Barron's estimate of its June 30 book value, compared with more than 1.5 times at its March high.
Bitcoin bear markets aren't unusual. But cryptocurrencies have never faced such an aggressive Federal Reserve. Welcome to the crypto ice age.
This month we’ve received both good and bad news from the “single greatest predictor of future stock market returns.” It is a contrarian indicator, with higher equity allocations associated with lower subsequent market returns, and vice versa. According to a simple econometric model I constructed that bases its predictions on the historical correlation between the indicator and the stock market, the S&P 500’s real total return over the next decade will be minus 3.3% annualized.
When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
(Bloomberg) -- JPMorgan Chase & Co.’s Marko Kolanovic, a steadfast bull on US equities during this year’s selloff, is calling for stocks to rise 7% next week as pension and sovereign wealth funds rebalance their portfolios.Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightProtest Latest: NY, DC Marches Grow as Justice’s Home TargetedJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionStocks Roar Back With Best Week in a Month: Markets WrapEn
(Bloomberg) -- Robinhood Markets Inc. faced a more dire situation during the height of last year’s meme-stock frenzy than executives at the online brokerage let on publicly, according to a report from top Democrats on a key congressional committee. Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightProtest Latest: NY, DC Marches Grow as Justice’s Home TargetedJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionStocks Roar Back With Best Week
Shares in Polestar Automotive Holding UK PLC jumped 16% on their first day of trading Friday, after the Swedish electric-vehicle maker completed a merger with a special-purpose acquisition company amid plans to expand globally. Polestar agreed to be acquired by blank-check company Gores Guggenheim in September. The auto maker is a unit of Volvo Car AB, which in turn is owned by Zhejiang Geely Holding Group Co. of China.
Shares in the biggest U.S. banks rallied on Friday after they passed the Federal Reserve's annual health check, but Bank of America underperformed with test results implying it needs a larger-than-expected capital buffer, which could limit share buybacks and dividends. While the broader equity market also rallied on Friday, Wells Fargo & Co, up 7.5%, was the biggest gainer among the 34 lenders that underwent the Fed's so-called stress test, which measures how they would fare in a hypothetical severe economic downturn. The group would have roughly twice the capital required under Fed rules in the downturn scenario, it said.
High-yield dividend stocks are a major component of my stock portfolio. Here are three income stocks that have room for solid gains in the next year and even better gains over the long run. The blue-chip business development company (BDC) Main Street Capital (NYSE: MAIN) has held up better than the S&P 500 index, which is down 21% so far this year.
Downturns can bring a lot of pain, but they can also bring on plenty of opportunities, as lower stock prices start making costs of entry more attractive. Before taking advantage of these opportunities, however, investors need to find a recognizable signal that will set them apart. One popular signal to follow is the insider buying, the trades made by high-ranking company officers whose positions give them the ‘inside’ track on their company’s likely prospects – and therefore, of the stock’s pros
Arrived Homes, the single-family real estate investment platform backed by Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos, is ramping up its acquisitions as demand from retail investors grows stronger for fractional real estate. In the past 30 days, the platform has fully funded approximately $11 million worth of rental properties, compared to $5 million for the entire first quarter of 2022. The number of investors using Arrived Homes has doubled in the last two months, making it difficult fo
US stocks rose Friday, with the S&P 500 ending a three-week losing streak as investors digested Federal Reserve officials' latest affirmations that they remained committed to bringing down inflation.
Shares of Delta (NYSE: DAL), United Airlines (NASDAQ: UAL), and American Airlines (NASDAQ: AAL) each surged on Friday, up 5.2%, 6.8%, and 7%, respectively, as of 3:02 p.m. ET. There wasn't much in the way of company-specific news today, but virtually all economically sensitive stocks, like airlines, were surging higher today after recession fears had caused a big sell-off over the past week. Ever since the market got June inflation data, as well as results of the preliminary University of Michigan consumer-sentiment readings earlier this month, the market has taken another leg down.
Yahoo Finance Live anchors discuss the possible acquisition of Zendesk.