Embattled brewer Broo is no closer to a sale for the site that was to be home for the “World’s Greenest Brewery” and has now listed its Mildura business.
The Mildura Brewery and Pub in Victoria, described as an “immaculately presented and heavily capitalised turn-key micro brewery”, is up for sale.
Broo has slowed the stream of losses this past quarter to $137,000 with the help of government grants and a share placement as production scales down due to COVID-19.
Embattled ASX-listed Broo is in the red in the first quarter of its financial year, reporting negative cash assets of $290,000, as executive director Kent Grogan makes another off-market share sale to keep the business afloat.
Troubled ASX-listed brewer Broo is set to offload its Mildura brewing operations and has put hospitality businesses up for sale as it looks to contract brewing after a year of losses amounting to $3.2 million.