Good to know they have a purchase order, but it does reinforce that the cart is still well-and-truly in from of this horse.
Back of the envelope calculation would show this represents about one-quarter of their order from CUB. As I posted a couple of weeks ago, they're on the clock in terms of a best-by date on the product. I wonder where else they might sell product given they've hitched their wagon to the number-3 player in liquor retail?
Contract brewing is a cash-flow play, so I'd expect another round of capital raising to fund the next order, or some sort of funding from a source of last resort - maybe the debt funder who's doing pretty well on the Ballarat loan might be open to another 12% interest rate deal?
Continue to brace for impact.
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