Brewery Hills plans to issue shares as part of equity crowdfunding with the support of Crowdway and wants to enter the NewConnect market with a public offering at the turn of 2022 and 2023, the company said.
“As part of the adopted strategy, the company wants to quickly increase the scale of operations and expand the sales department. It decided to issue shares as part of crowdfunding, inviting the investor community to participate in its further development. The issue is to start in the third quarter of 2021," the release reads.
By 2023, Brewery Hills plans to build its own brewery. However, earlier, at the turn of 2022 and 2023, the company would like to go public.
“We know how to create a beer that appeals to gourmets while having complete freedom to experiment with the types and propose products that we want to deliver. We do not follow fashion, but our passion, which is why we are pleased that we can combine independence with presence in large retail chains. We want to further improve our business and we have a specific plan for it, which is why we will soon start a crowdfunding campaign," President Marcin Olszewski said.
The company has established cooperation with the Lidl chain, where its beers will be sold from August. Periodically or in a permanent offer, beers under the Brewery Hills brand are also available in Carrefour, Auchan, Leclerc, Spar, Duży Ben, and Al Capone.
Brewery Hills is a craft brewery from Wrocław. In 2019, the private equity fund Torro Investment invested in the company. At Brewery Hills, he acts as a lead investor, supporting the company financially, but also in a controlling role.