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Friday, May 14, 2021

AMERICAN BREWING CO (OTCBB:ABRW) Goes Lower

AMERICAN BREWING CO (OTCBB:ABRW) continues to trade lower in recent days on light volume. ABRW has a history of big moves running from pennies to highs over $0.50 a share in October of last year.

ABRW is an award-winning micro-brewing company based out of Edmonds, Washington. American Brewing Company’s current offerings include Breakaway IPA (named ‘Best in the West’ by Beer West Magazine), American Blonde (featured in GQ Magazine), Flying Monkey Dogfight Pale Ale, and Caboose Oatmeal Stout.

AMERICAN BREWING CO (OTCBB:ABRW) also produces seasonal brew batches, two of which-The Brave American and Polska Porter-won Bronze Medals at the Great American Beer Festival in 2011 and 2012, respectively. American Brewing Company’s current U.S. sales network includes Washington and North Carolina. American Brewing Company also has international sales in Canada and Japan.

On November 7 ABRW announced Solid Third Quarter 2014 Results; Highlights were: Total net revenues increased 14.9% in Q3 2014 compared to Q3 2013. Expanded brewery to boost its efficiencies and total brewing capacity In British Columbia, ABC was approved for distribution into 670 private stores and the Company is now waiting on approval for 197 government stores. Signed a new distributor in Canada Nexus Global Trading Ltd – to its dealer network and recorded the first order of ABC’s new line of 12oz cans to its existing distribution partner, Freedom Beverage Company.

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On October 22 Neil Fallon, CEO of ABRW issued a letter to shareholders in which he stated ‘We raised approximately one million dollars for the expansion of our brewing facilities and remodel of our tasting room. All of the funds raised were used for these purposes as well as our operations. Not one single dollar was used for executive compensation. We expanded our brewing capacity and reconfigured brewery layout to allow for a total of six times our original capacity. As stated in previous quarterly reports, even with 2 complete shutdowns of the brewery and a one week long closure of the tasting room, revenues for the second quarter of 2014 were up as compared to the second quarter of 2013.

We successfully took the company public and are now one of only 5 publicly traded craft breweries to my knowledge. We began our program for the introduction of 6-pack, 12 ounce cans. We have now filled cans in 3 styles of our beers, Breakaway IPA, American Blonde and Flying Monkey Pale Ale. We have presented this format to chain stores and are awaiting decisions on their cycle for next resets. The Company is thrilled that with our newly increased capacity, we can fill our expanded our shelf space in Canada. We have just begun the process of introduction into that exciting and growing market.

We have reintroduced our program for seasonal and one-off brews so that we may create fun and inventive new beers for the consumer and beer aficionados to get excited about. Some examples in development include a Rauchbier, Vanilla Porter and Apple Cinnamon Ale. We are also expanding our sour program (which has included our award winning Stupid Sexy Flanders). We are releasing Courage at the end of October. This is our American Wheat Ale designed at the request of the Jet City Comicon thereby extending our Pop Culture series of beers created for Comicons.

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In November we will release our IPO IPA which is a straw colored, 6.2% ABV beer that is lighter in hop profile. Our research indicates a shift in buyer preference to this lighter style of IPA. And to reiterate previously stated goals and objectives, management will endeavor to:

This comes shortly after ABRW announced that it is moving rapidly through the approval process regarding new grocery store authorizations in two major Canadian provinces. In British Columbia, ABC has been approved for distribution into 670 private stores and the company is now waiting on approval for 197 government stores. ABC anticipates that it will receive this approval by early November and that it will add Alberta by January.

ABRW has been slowly drifting down after making a big move up to over $0.50 back in October. The move up comes after months of downward drift that has been underway since this stock hit the OTCBB back in August of this year.

Currently trading at a $5 million market valuation ABRW seems to be quickly attracting shareholders; there is a great story here and a real Company making micro brews up in Washington State with an eye on the national scene. Revenues while not huge are promising as the Company is already dong about a million per annum in sales on limited distribution.

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Disclosure: we hold no position in ABRW either long or short and we have not been compensated for this article.

American_brewing_1Neil Fallon CEO with Skip Madsen

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