AMERICAN BREWING CO (OTCBB:ABRW) continues to wallow away in the mid $0.30 range on little volume or interest from Investors. The stock does have a history of big moves running from pennies to highs over $0.50 a share in October of last year.
ABRW hit the OTCBB in August of this year at $2.50 per share and has been dropping like a rock since then. The stock is currently experiencing 10 X average trading volume as investors snap up shares into the run up.
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.
Back in October of last year 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.
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They also expanded their 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.
ABRW 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.
On September 8 ABRW released the company’s 10Q for the quarter ended June 30, 2015. This quarterly report also reflected the audited financials of its recent acquisition of bùcha (TM) live Kombucha brand.
The “bucha” brand and its operations are now fully integrated into American Brewing. The transformational accretive acquisition of “bucha” was a result of a 26% dilutive transaction that resulted in an immediate revenue increase of over 300%. Cash and equity were used and the equity is subject to a very shareholder friendly, 18-month leak-out provision. In addition to this, we currently have other exciting deals in the pipeline, both “white label” and “acquisitive” that could have a similar impact on the company. Our lengthy self-imposed quiet period due to the acquisition audit has ended and shareholders can now expect frequent communication.
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Currently trading at a $5 million market valuation ABRW does have $458,000 in the treasury, manageable debt. ABRW is an award-winning micro-brewing company and owner of bucha (TM) live Kombucha that is already dong about a million per annum in sales on limited distribution. We will be updating on ABRW when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ABRW.
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Disclosure: we hold no position in ABRW either long or short and we have not been compensated for this article.