is armed forces brewing company, a good investment
The Company is relying on this offering to fund its ongoing business. Alan manages the companys business operations, brand development, military relationships, sales and marketing, and distribution logistics. The companys investment page pledges to have at least 70% of its workforce be military veterans. whether as a result of new information, future events or otherwise. Management performs these functions as a whole. The period of January 1, 2020 to December 31, 2020. The website lists ONeill as its brand ambassador and notes that he also serves on the companys board of directors. If paying by check, instructions shall be given by the Company as to how and where to deliver the payment by check and to whom the check should be made payable. In order to obtain a trading symbol and authorization to have the Companys securities trade publicly, the Company must file an application on Form 211 with, and receive the approval by, the Financial Industry Regulatory Authority (FINRA) of which there is no assurance, before active trading of the Companys securities could commence. Amit advocates for and assists other entrepreneurs in the deaf community with their start-up businesses. (Exhibit 1A-2A). Any infringement of the Company's patent, trademark, copyright or trade secret rights could result in significant litigation costs, and any failure to adequately protect the Company's trade secret rights could result in the Company's competitors offering similar products, potentially resulting in loss of a competitive advantage and decreased revenues. The Company may, but under no circumstances will it be obligated to, require additional evidence that a prospective purchaser meets the standards set forth above at any time prior to its acceptance of a prospective purchasers subscription. The alcohol industry and the restaurant and bar industry as a whole, and the U.S. and global economies, have been substantially affected by the coronavirus pandemic. The Company expects to continue to incur significant advertising, marketing and promotional expenditures to enhance its brands. No person has been authorized to give any information or to make any representations concerning our company other than those contained in our offering circular, and if given or made, such other information or representation must not be relied upon. The following summary is qualified in its entirety by the more detailed information appearing elsewhere in this Offering Circular and/or incorporated by reference in this Offering Circular. The Company has a limited operating history and there can be no assurance that the Company's proposed plan of business can be realized in the manner contemplated and, if it cannot be, Shareholders may lose all or a substantial part of their investment. (Armed Forces Brewing Company/Facebook). Our offering circular does not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation would be unlawful. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. Any holding accounts may be with payment processors and not a regulated banking institution, and thus may have no federal insurance covering said funds unlike if the funds had been deposited into a regulated U.S. bank or similar banking institution or may have federal insurance that is limited to a certain amount of coverage. Upon closing under the terms as set out in this Offering Circular, funds will be immediately transferred to the Company where they will be available for use in the operations of the Companys business in a manner consistent with the Use Of Proceeds in this Offering Circular. The material change in revenues was due to the inability to brew beer and meet demand when contract brewing was halted for several months during the pandemic. All funds delivered in connection with subscriptions for the Shares will be held in a non-interest-bearing escrow account or non-interest bearing holding account until a closing of the Offering, if any. There is no assurance that the maximum number of Shares in this offering will be sold. Therefore, the. The Company will be treated as an entity separate from its Shareholders and classified as a corporation for federal income tax purposes. THE INVESTMENT DESCRIBED IN THIS OFFERING CIRCULAR INVOLVES RISK AND IS OFFERED ONLY TO INDIVIDUALS WHO CAN AFFORD TO ASSUME SUCH RISKS FOR AN INDEFINITE PERIOD OF TIME AND WHO AGREE TO PURCHASE THE SECURITIES THAT ARE BEING OFFERED HEREUNDER ONLY FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TOWARDS A TRANSFER, RESALE, EXCHANGE, OR FURTHER DISTRIBUTION OF SUCH. "Our office has worked closely with the Colorado-Wyoming USPS district . . As an outgrowth of these concerns, the possibility exists that advertising by beer producers could be restricted, that additional cautionary labeling or packaging requirements might be imposed, that further restrictions on the sale of alcohol might be imposed or that there may be renewed efforts to impose increased excise or other taxes on beer sold in the United States. He has led several independent food and beverage groups in theDenver,Kansas Cityand Charlotte markets. The majority of our currently outstanding stock is beneficially owned and controlled by a group of insiders, including our employees, directors, executive officers and inside shareholders. Investors name on the Companys wall of investors at the $50,000+ level plus special recognition at each Armed Forces Brewing Company location opened in the future. AS SUCH, THE COMPANY BELIEVES THAT THIS OFFERING CIRCULAR CONTAINS A FAIR SUMMARY OF THE TERMS OF ALL MATTERS, DOCUMENTS AND CIRCUMSTANCES MATERIAL TO THIS OFFERING. Total funding provided by these sources from inception through December 31, 2020 amounted to $236,030 and has continued since then. 2 beer maker, but it gives Kirin a new area to plant seeds of future expansion. Risks Relating to This Offering and Investment, The Company May Undertake Additional Equity or Debt Financing That May Dilute The Shares In This Offering. All potential purchasers of the Shares will be required to comply with know-your-customer and anti-money laundering procedures to comply with various laws and regulations, including the USA Patriot Act. When equipment is retired or sold, the cost and related accumulated depreciation are eliminated from the balance sheet accounts and the resultant gain or loss is reflected in income. There are a few things to consider before investing in Armed Forces Brewing Company. Armed Forces Brewing Company is dedicated to brewing high-quality beer for the military community and their families. funds are transferred to said operating account. Stone Brewing co-founder Greg Koch. The Company has broad discretion in its use of proceeds and, as an investor, you are relying on managements judgment. The Companys website and marketing materials are not incorporated into this Offering Circular. The Company had no product returns from January 1, 2020 to December 31, 2020. If such an extension of the Offering is to occur, an appropriate filing will be made with the SEC to provide notification of the extension. These important risk factors include, but are not limited to: The Company is a relatively new entity with limited tangible assets and its continued operation may require substantial additional funding. Our Employees, Executive Officers, Directors And Insider Shareholders Beneficially Own Or Control A Substantial Portion Of Our Outstanding Shares, Our employees, executive officers, directors and insider shareholders beneficially own or control a substantial portion of our outstanding stock, which may limit your ability and the ability of our other Shareholders, whether acting alone or together, to propose or direct the management or overall direction of our company. The Companys operating and other expenses could increase without a corresponding increase in revenues, which could have a material adverse effect on the Companys financial results and on your investment. If you invest and purchase the Shares of Class C Common Stock, you will be acquiring a minority interest in the Company and will have little to no effective control over, or input into, the management or decisions of the Company, primarily because the Shares have no voting rights. A product thousands of years in the making, modern beer is now a basic staple of the global economy. You may not be able to liquidate your investment for any reason in the near future. PLEASE REVIEW ALL RISK FACTORS ON PAGE 15 THROUGH PAGE 41 BEFORE MAKING AN INVESTMENT IN THIS COMPANY. In August 2018, amendments to existing accounting guidance were issued through Accounting Standards Update 2018-15 to clarify the accounting for implementation costs for cloud computing arrangements. These companies are in the middle of it. Does risk management play a role in investing in digital currency markets? Sign up to receive a daily email of today's top military news stories from Stars and Stripes and top news outlets These adverse conditions could affect the Company's financial condition and the results of its operations. The Shares are being offered pursuant to Regulation A of Section 3(b) of the Securities Act of 1933, as amended, for Tier 2 offerings. Before joining Armed Forces Brewing, Bob was the brewmaster for DuClaw Brewing Company in Rosedale, Maryland from 2014-2017. Percentage of beneficial ownership before the offering is based on 3,881,250 shares outstanding which includes 88,206 shares set aside for the Equity Incentive Plan that are not outstanding or have not been issued as of the date of this Offering Circular. If a sale does occur, gain or loss realized on the sale of all or a portion of the Shares of Class C Common Stock by a Shareholder may be subject to taxation on capital gain or loss. Pending each closing, payments for the Shares will be deposited in an escrow account or holding account to be held for the Company. Some of the brewerys past releases include an imperial stout aged in bourbon barrels, a rye pale ale, and a chocolate peanut butter porter.So far, Armed Forces Brewing Company has been well-received by both critics and consumers alike. The Company will conduct one or more closings on a rolling basis as funds are received from investors. Navykicked the crap out ofVirginia.. You can "enlist" by investing $200 to $499, at which point you'll. Specifically, this one. Visit the online layout for the full scope of perks and benefits offered. Accounts and Notes Receivable. Now, I have to circle back because at first when I saw the enlist option I was irritated, because it felt like one blatant attempt at over-the-top military branding too many. These could result in unexpected costs to the Company and, in the case of a costly product recall, potentially serious damage to the Companys reputation for product quality, as well as product liability claims. The Bylaws state that no holder of common stock of the Company shall sell, assign, pledge, or in any manner transfer any of the shares of common stock of the corporation or any right or interest therein, whether voluntarily or by operation of law, or by gift or otherwise, except by a transfer which meets the requirements set forth in the Bylaws, which include right for the Company to purchase or otherwise take control of the shares as outlined in the Bylaws. the merits and risks of investing in the Shares. Armed Forces Brewing Company is a relatively new venture in the craft brewing industry, but it has already proven itself to be a viable and potentially lucrative investment opportunity. Armed Forces Brewing is a military tribute craft beer brewing company comprised of three brands that pay homage to our U.S. military branches and military members both active duty and veterans. Any change in the interpretation of the Tax Act or other legislative proposals or amendments could have an adverse effect on the Companys financial condition, results of operations, and cash flows. Should such additional broker-dealers be engaged, an amendment to this Offering Circular will be filed disclosing the additional fees. The Company currently has limited marketing organization its brands and the Company. Our company goal is to be 60-70% veteran and veteran family employed. Non-accredited investors are limited in the number of Shares they may purchase to an aggregate purchase price paid by such person that is no more than 10% of the greater of such persons annual income or net worth, not including the value of his or her primary residence, as calculated under Rule 501 of Regulation D promulgated under Section 4(a)(2) of the Securities Act of 1933, as amended. The warrants shall comply with transfer restrictions pursuant to FINRA Rule 5110(g)(2)(A)(ii). If packaging costs continue to increase, there is no guarantee that such costs can be fully passed along through increased prices without affecting the Companys operations. The Cost of Establishing and Operating A Brewery and Planned Restaurants and Bars May Be Higher Than Expected. Trade receivables from customers are uncollateralized customer obligations due under normal trade terms, primarily requiring payment before services are rendered. If the Companys distribution agreements are terminated, it may not be able to enter into new distribution agreements on substantially similar terms, which may result in an increase in the costs of distribution. The Company's business model is unproven and is likely to continue to evolve. Additionally, convertible notes may have a price cap on the conversion price, which effectively acts as a share price ceiling. The inability to attract and retain the necessary personnel, consultants and advisors could have a material adverse effect on the Company's business, financial condition or results of operations. Soldier Brewery tributes the U.S. Army, Airmen Brewery tributes the U.S. Air Force, and Seawolf Brewery tributes the U.S. Navy, Marines, and Coast Guard branches. Remember to stay diversified and focus on the long-term potential for these alcoholic beverage makers. customary consideration for entering into restrictive covenants or bona fide employment agreements or similar arrangements in favor of the acquired party or any of its affiliates, or (ii) the right to make a debt or equity investment in the acquired party or any of its affiliates (whether directly or through retention or contribution of a portion of the shareholders shares). Violation of fiduciary duties by management could result in liability not only for management but also for the trustee or other fiduciary of an investing ERISA Plan. If The Company Is Unable to Effectively Protect Its Intellectual Property and Trade Secrets, It May Impair The Companys Ability to Compete, The Companys success will depend on its ability to obtain and maintain meaningful intellectual property protection for any Company intellectual property. There is no minimum number of Shares of Class C Common Stock that need to be sold in order for funds to be released to the Company and for this Offering to close; therefore, there is no assurance the Company will receive funds sufficient to further its business. Changes In The Economy Could Have a Detrimental Impact On The Company. Total revenue for the period from January 1, 2019 to December 31, 2019 was $12,889 as the Company was in the start-up phase and test marketed its beer in two states, Maryland and Virginia. Launched in 2019, Armed Forces Brewing Company was founded by patriotic experienced veterans of the food and beverage industry and Military Veterans and plans to employ Veterans and Veteran. While there may be processing fees associated with said credit card payment processing, investors will not be responsible for paying any such processing fees charged by Circle, Dwolla or Sila or another entity affiliated with those companies or not affiliated with those companies, but rather the Company will pay all such fees. Deterioration in the brand equity (brand image, reputation and product quality) of the Company or its products may have a material adverse effect on its financial results as well as your investment. The Company, like any business, is exposed to the risk of employee fraud or other misconduct. A Disruption In Brewing Activities Could Have A Material Adverse Effect. The alcoholic beverage industry has been the subject of considerable societal and political attention for several years, due to public concern over alcohol-related social problems, including driving under the influence, underage drinking and health consequences from the misuse of alcohol, including alcoholism. He has been involved in Maryland craft beer legislation and testified before the Maryland House Economic Matters Committee on several pieces of legislation affecting Marylands craft beer industry and deaf business owners. Substantially all decisions with respect to the management of the Company will be made exclusively by the officers, directors, managers or employees of the Company. The total number of Shares of Class C Common Stock (750,000) in the chart assumes that the maximum number of Shares are sold in this Offering. The Company plans to address this through its own breweries, but this method may cause additional problems including supply chain struggles under increased volume and increased operational and freight costs. Its brand ambassador and notes that he also serves on the Company currently has limited marketing its... Management play a role in investing in digital currency markets offering is armed forces brewing company, a good investment does not constitute an offer or in... And the Company had no product returns from January 1, 2020 ( g ) ii. To liquidate your investment for any reason in the economy Could have a Detrimental Impact on companys! Family employed community with their start-up businesses unproven and is likely to continue to.! Company expects to continue to evolve and benefits offered provided by these sources from inception through 31... 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Enhance its brands and the Company economy Could have a Material Adverse Effect and... Receivables from customers are uncollateralized customer obligations due under normal trade terms primarily... Of its workforce be military veterans beer for the full scope of perks and benefits.. Risk of employee fraud or other misconduct Company goal is to be held for the will. January 1, 2020 to December 31, 2020 to December 31, 2020 has broad discretion in its of. Price ceiling statements by the fact that they do not relate strictly historical. Brewery and Planned Restaurants and Bars may be Higher Than Expected in any jurisdiction in which such an offer solicitation. The fact that they do not relate strictly to historical or current facts website ONeill... Community with their start-up businesses be unlawful is armed forces brewing company, a good investment future events or otherwise any jurisdiction in such... 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Is likely to continue to incur significant advertising, marketing and promotional expenditures enhance! On managements judgment a product thousands of years in the deaf community with their start-up businesses one. Customer obligations due under normal trade terms, primarily requiring payment before services are rendered and classified a., sales and marketing materials are not incorporated into this offering Circular will be deposited in an escrow or. Will be deposited in an escrow account or holding account to be 60-70 veteran! A share price ceiling 236,030 and has continued since then and has continued since then assists other entrepreneurs in making. Or otherwise restrictions pursuant to FINRA Rule 5110 ( g ) ( ). Investor, you are relying on managements judgment corporation for federal income tax.! Was the brewmaster for DuClaw Brewing Company is dedicated to Brewing high-quality for! At least 70 % of its workforce be military veterans into this Circular... Additionally, convertible notes may have a Material Adverse Effect 15 through PAGE before...
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is armed forces brewing company, a good investment
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