This is clearly good news - it provides meaningful production...

This is clearly good news - it provides meaningful production capacity (but not distribution, sadly). Seems like we're back to where this story began pre-IPO, just $10m lighter. It's basically a brand of beer(s), made under-contract, with some distributors.

The challenge will be raising sufficient working capital to pay for the inventory. As with all these initiatives, the numbers are very ambitious - assuming they order the full 48,000 cases in October for the first quarter (probably an economic run for a brewery of the scale of CUB), they need an initial $1.5m or so in working capital to fund it, assuming they pay about $30 per case at the door.

In addition, they'll likely to need some further working capital to fund distribution operations, stock, further orders etc. etc. My guess is the October date gives them time to raise the funds - I think they may be out of capacity to issue new ASX shares, so likely to be debt. That might be expensive.

A bold move - make or break - let's watch with interest.