While it’s true that its stock was trading in a range on Tuesday, it’s worth noting that BrewBilt Brewing Company (OTCMKTS:BRBL) made a major new announcement that investors would do well to consider.
On Tuesday, BRBL stock gained 0.72% to $0.0007 with more than 131.34 million shares traded, against a volume of 42.63 million shares. The stock moved in a range from $0.0007 to $0.0011 after opening trading at $0.0008.
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The company announced that it has come up with a dual strategy when it comes to its sales strategy to achieve the goal of reaching $20 million in annual sales by 2027. The strategy was explained by company CEO Jef Lewis in a statement and it may be a good idea for investors to take a look.
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He noted that BrewBilt was looking to implement a strategy where it wanted to combine both distributions with a direct-to-consumer channel. He noted that it was a well-honed method that could lead to organic growth and went on to note that it had helped the company significantly with some of the products it had launched previously.
CEO Jef Lewis said, “Regional distribution coupled with online direct-to-consumer sales will drive the company’s initial growth. Brian Williams, our Head of Sales, is now in the brewery strategizing and fine-tuning the details of launching our first craft beers to market. We will work “on-site” to sell “off-site”, a systematic and organic approach that has proven successful in previous new brand launches. »
BRBL stock is trading below the 20-day and 50-day moving averages of $0.0008 and $0.0010 respectively. Additionally, the stock is trading below the 200-day moving average of $0.0074.