A California-based brewing company just announced that that is has commenced construction of its new commercial brewery space in Grass Valley, California. According to the release, CEO Jef Lewis went on to say that the "7,000-square-foot building will allow BrewBilt to launch craft beer sales throughout California and beyond and that it could potentially come with an annual revenue potential of $3.5 million. Shares of Brewbilt Brewing Co (OTCPK:BRBL) are bid up on the news.
Brewbilt Brewing is engaged in the manufacturing of custom designs and handcrafts brewing and fermentation equipment and supplies necessary equipment for craft beer production.
Traders appear to be bullish on the news as shares are currently bid up at $0.0033/share (+15.79% implied open for sellers) as we head toward the final 10 minutes of premarket activity. This potential move could be the catalyst to break this micro cap out of its multi-month downtrend.
