Just check your Better Beer sales estimates there Spindrift, 50M litres p.a. would be nice but I think full-year sales of 10M litres is the current target.
BB owners are currently seeking to raise $20M from investors that will be used to drive growth in the brand. They are forecasting sales of 50M litres p.a. over the medium term. The offer ends 31st May so lets hope we see some positive news soon on that front and an eventual revaluation of BB in the MCL Balance Sheet.
Interesting to note Stone & Wood was brewing 20M litres p.a. at the time it was acquired by Lion in 2021 for $500M. The sale included a couple of other brands, so not a like-for-like comparison but gives an indication of the potential upside for MCL (Current Market Cap ~$45M) if BB sales momentum can continue.
