As the Company is still in the early stages of development, no material tax provision exists as of the balance sheet date. The net proceeds from the Offering, assuming it is fully subscribed, are expected to be approximately $6,925,000.00 after the payment of offering costs including broker-dealer fees. Armed Forces Brewing may be based in Annapolis, Maryland, home of the U.S. . Changes in control or ownership within the distribution network could lead to less support of the Companys products. At each closing, funds held in the Escrow Account or Holding Account will be distributed to the Company, and the associated Shares will be issued to all investors at time of each closing for investors whose funds and subscription have been cleared. Dalmore may engage the services of additional FINRA member broker-dealers as part of a selling group, and those additional broker-dealers may be paid additional fees to those disclosed herein. As the Company has limited operational history, it is extremely difficult to make accurate predictions and forecasts on our finances. They also aim to give back to the military community through their charitable foundation, which supports veterans and their families.So far, Armed Forces Brewing Company seems to be doing well on its mission. Investor and the Companys brewing team will develop a beer together and investor will name it. The Company is not involved in any litigation and is not aware of any pending or threatened legal actions. The industries in which the Company participates are intensely competitive and subject to rapid and significant change. ONeill is one of the most highly decorated combat veterans of this era, serving as a combat leader for Seal Team 6. If you decide to add some beer stocks to your portfolio, bear in mind some of these stocks can exhibit volatile price action. Beneficial ownership and percentage ownership are determined in accordance with the rules of the Securities and Exchange Commission and include voting or investment power with respect to the shares. You can enlist by investing $200 to $499, at which point youll get a sticker, a challenge coin, an invitation to an annual event, a 5% discount at their online store and a few other benefits. The U.S. Securities and Exchange Commission (SEC) does not pass upon the merits of, or give its approval to, any of the securities we are offering or the terms of our offering, nor does it pass upon the accuracy or completeness of our offering circular, other selling literature or this website. Check out the great additional benefits of owning stock in Armed Forces Brewing Company here. Although Dependent Upon Certain Key Personnel, The Company Does Not Have Any Key Man Life Insurance Policies On Any Such People At The Time Of This Offering. Maintaining and enhancing the Company's and the brand awareness of the Company and its products may require the Company to spend increasing amounts of money on, and devote greater resources to, advertising, marketing and other brand-building efforts, and these investments may not be successful. As of December 31, 2020, accumulated depreciation totaled $1,808. The Company Has Made Assumptions In Its Projections and In Forward-Looking Statements That May Not Be Accurate. Additional material provisions of the drag-along rights include: Every shareholder must promptly deliver to the Companys board of directors a written notice of any offer or indication of interest for a Drag-Along Sale that it receives from a third party, whether the offer or indication of interest is formal or informal, binding or non-binding, or submitted orally or in writing, and a copy of the offer or indication of interest, if it is in writing. Holding company for Corona, Modelo, and other wine and spirits brands. In particular, while the Company and its management are hopeful that the long-term effects will eventually be minimized from the coronavirus pandemic and the related economic issues that have affected both the U.S. and the global economy and the Company, neither management nor the Company can offer any assurance that what they believe to be the long term favorable conditions will not be outweighed by the occurrence, the past problems and future unknown problems and issues caused by the coronavirus pandemic. The Companys planned sources of revenue include: (1) wholesale beer sales, (2) retail beer sales, (3) food and beverage sales in taprooms and restaurants and (4) merchandise. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed in the section entitled Risk Factors and elsewhere in this Offering Circular. The Company does not expect to create any additional classes of stock during the next 12 months, but the Company is not limited from creating additional classes which may have preferred dividend, voting and/or liquidation rights or other benefits not available to holders of its Shares if it chooses to do so. An Annapolis-based beer company landed a deal with Walmart and Sam's Club to distribute its brands around the country, making it one of the largest contracts in Maryland's. THE COMPANY RESERVES THE RIGHT TO DENY THE PURCHASE OF THE SECURITIES BY ANY FOREIGN PURCHASER. The Company intends to purchase or build one or more breweries, and to reduce reliance on contract brewing. There is also uncertainly as to what long-term restrictions or other effects will occur in the alcohol, restaurant and bar industries. Consequently, this is an uncommon growth stock in the alcohol investment world. PLEASE REVIEW ALL RISK FACTORS ON PAGE 15 THROUGH PAGE 41 BEFORE MAKING AN INVESTMENT IN THIS COMPANY. Invest better with The Motley Fool. All monies from rejected subscriptions will be returned by the Company to the investor, without interest or deductions. Total funding provided by these sources from inception through December 31, 2020 amounted to $236,030 and has continued since then. Stock Advisor list price is $199 per year. Complying with obligations under such indebtedness may have a material adverse effect on the Company and on your investment. Moreover, the Company's competitors may independently develop equivalent knowledge, methods and know-how. Unfortunately, the pandemic halted contract brewing operations and the Company could not contract brew any of its beer nor could it continue to test market its products through most of 2020, but the Company resumed contract brewing with its production partners in December of 2020. Registration on or use of this site constitutes acceptance of our Terms of Service. Enforcing a claim that a third party illegally obtained and is using the Company's trade secrets could be expensive and time consuming, and the outcome of such a claim is unpredictable. In June 2019, the Company launched distribution into 12. stores and taprooms in the Norfolk, Virginia Beach, and Hampton Rhodes area of Virginia through Barrel Beverage Distributors. Furthermore, the Shares may not be offered, sold, transferred, or delivered, directly or indirectly, to any person who (i) has more than fifteen percent (15%) of its assets in Sanctioned Countries or (ii) derives more than fifteen percent (15%) of its operating income from investments in, or transactions with, sanctioned persons or Sanctioned Countries. The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the footnotes thereto. The Company has been and will likely continue to be affected by the coronavirus pandemic. whether as a result of new information, future events or otherwise. A host of factors beyond the Company's control could cause fluctuations in these conditions. Reliance on its own breweries may expose the Company to capacity constraints and risk of disruption of supply, as these breweries are operating at or close to current capacity in peak months. Because these securities are being offered on a best efforts basis, the following disclosures are hereby made. While the Company uses reasonable efforts to protect these trade secrets, the Company cannot assure that its employees, consultants, contractors or advisors will not, unintentionally or willfully, disclose the Company's trade secrets to competitors or other third parties. Robert ONeill is one of the most highly decorated combat Veterans of our time, a former US Navy SEAL and was a combat leader for the famous SEAL Team 6. 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. Kirin also has a health science group, leveraging its expertise in beverage production to build a healthy food and drink business. The Companys team that is present will hand sign the investors target after the shooting event. For general information on investing, we encourage you to refer to www.investor.gov. Director of Military Operations and Board of Directors Member. Should such additional broker-dealers be engaged, an amendment to this Offering Circular will be filed disclosing the additional fees. The Company Has Incurred Debt And Will Likely Incur Additional Debt. Armed Forces Brewing plans to be a major player in the military consumer marketplace which has a huge built-in, brand-loyal, retail and consumer base. The estimated Offering Expenses in this chart include, among other things, legal fees, accounting costs, reproduction expenses, due diligence, marketing, consulting, broker-dealer out-of-pocket expenses, administrative services, technology provider fees, banking fees, other costs of blue sky compliance, and actual out-of-pocket expenses incurred by the Company selling the Shares, but which do not include fees paid to Dalmore or any type of commissions to be paid to any broker-dealer. As an investor, we hope you understand that following these rules is very important to all of us at Armed Forces Brewing Company to make sure we can grow into the company we all want to be, with you along for the ride, and without any problems from governmental authorities. American Military tribute brewery Armed Forces Brewing Company announced Tuesday it will donate a portion of the profits from the sale of its light beer Preamble - We The People and. My dad was an officer in theAir ForceandAir National Guard, Beal said. AN INVESTMENT IN THIS OFFERING IS HIGHLY SPECULATIVE, AND YOU SHOULD ONLY INVEST IF YOU ARE PREPARED TO LOSE YOUR ENTIRE INVESTMENT. 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. Despite managements beliefs, there is no assurance that Armed Forces Brewing Company, Inc. will be profitable, or that managements opinion of the industrys favorable dynamics will not be outweighed in the future by unanticipated losses, adverse regulatory developments and other risks. However, the Company may terminate the Offering at any time for any reason at its sole discretion and may extend the Offering past the planned termination date in the absolute discretion of the Company. See the description in section entitled Use of Proceeds on page 50 herein. However, they have established themselves as a quality brewery with a loyal following among beer drinkers in San Diego. The overall and long-term impacts of the outbreak are unknown and evolving. If the maximum Offering amount is not sold, the Company may need to incur additional debt or raise additional equity in order to finance the Companys operations. Armed Forces Brewing Company. Investor Funds Will Not Accrue Interest While in the Escrow Account or Holding Account Prior To Closing. And he kills space aliens? Information on the investment opportunity is available at: www.OwnArmedForcesBrewingCo.com. Holders of the Companys Class C Shares shall rank pari passu with each other and with any other series or class of the Companys with respect to the payment of dividends. As of December 31, 2020, the Company had fixed assets of $3,584. IF YOU ARE UNCERTAIN AS TO WHETHER OR NOT OFFERS OR SALES MAY BE LAWFULLY MADE IN ANY GIVEN STATE, YOU ARE HEREBY ADVISED TO CONTACT THE COMPANY. Increasing the amount of additional equity that the Company will have to seek in the future will further dilute those investors participating in this Offering. In addition to the shares in Armed Forces Brewing Company Inc. you purchase, each investor at the various investment levels below will receive the following perks from us. 10% discount in the Companys online store, once it opens. Perks will be fulfilled when this public stock offering has ended. The operation of a brewery, wholesale and retail distribution of beer, and operation of restaurants and bars will each be subject to obtaining a liquor license or other licensure in the states in which such operations take place. The Company is dependent upon management and on others in order to conduct its operations and execute its business plan, however, the Company has purchased only limited insurance policies (including a disability policy) with respect to those individuals in the event of their death or disability. $0. 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. I have a grandfather who served in World War II. If there is a "liquidation event" or "change of control" for the Company, the Shares being offered do not provide you with any protection. But as the company grows, Beal said he is confident thanks to the team he has around him. Any of such events or occurrences could have a material adverse effect on the Companys financial results and on your investment. The Company will provide the opportunity to ask questions of and receive answers from the Company's management concerning terms and conditions of the Offering, the Company or any other relevant matters and any additional reasonable information to any prospective investor prior to the consummation of the sale of the Shares. A prolonged disruption to brewing activities (e.g., due to fire, industrial action, health concerns or any other cause) at the Companys brewing site or those of its contract brewers could have a material adverse effect on the Companys ability to brew its products. The use of the United States financial system by criminals to facilitate terrorism or other crimes could taint its financial markets. Trustees and other fiduciaries making the investment decision for any qualified retirement plan, IRA or Keogh Plan (or beneficiaries exercising control over their individual accounts) should also consider the application of the prohibited transactions provisions of ERISA and the Code in making their investment decision. $12.00. The Company has identified the policies outlined below as critical to its business operations and an understanding of its results of operations. The Company's business model is unproven and is likely to continue to evolve. These laws may include minimum wage requirements, overtime pay, healthcare reform and the implementation of various federal and state healthcare laws, unemployment tax rates, workers' compensation rates, citizenship requirements, union membership and sales taxes. Invite +1 to a Meet and Greet and dinner the evening before our annual shareholder event with members of our management and our advisory board. Due to the increased leverage that these combined operations will have in distribution and sales and marketing expenses, the costs to the Company of competing could increase. The Company intends to overcome the circumstances that impact its ability to remain a going concern through a combination of the commencement of revenues, with interim cash flow deficiencies being addressed through additional financing. The Companys business is highly regulated by federal, state and local laws and regulations regarding such matters as licensing requirements, trade and pricing practices, labeling, advertising, promotion and marketing practices, relationships with distributors, environmental impact of operations and other matters. AFBC. The minimum investment amount for a single investor is $200.00 for 20 Shares unless reduced on a case-by-case basis by the Company. The company was founded in 2014 by brothers Jack and Joe Lewis, who are both Marine Corps veterans. The Company's success is heavily dependent upon the continued active participation of the Company's current executive officers, as well as other key personnel and contractors. The Act imposes anti-money laundering requirements on brokerage firms and. He has led, operated, and grown profitable multi-unit independent food & beverage groups in the Denver, Kansas City, and Charlotte markets. Generally, no sale may be made to anyone in our offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth. As of February 27, 2023, snowpack in Colorado was 123 percent measured as percent . The officers and directors of the Company may be paid salaries and receive benefits that are commensurate with similar companies, and a portion of the proceeds may be used to pay these ongoing business expenses. market acceptance more rapidly than the Company is able and may be more effective themselves as well. If you are making an investment expecting to own a certain percentage of the Company or expecting each Share to hold a certain amount of value, it is important to realize how the value of those Shares can decrease by actions taken by the Company. So, hats off to Armed Forces Brewing for that one. Theres Seawolf Brewing for the Navy, Coast Guard, and Marine Corps; Soldier Brewing for the Army, and Airmen Brewing for the Air Force and Space Force. Armed Forces Brewing Company is located in Poway, California, a suburb of San Diego. Revenue is recognized when performance obligations under the terms of the contracts with our customers are satisfied. On October 13, 1992, the Department of Labor issued regulations establishing criteria for determining whether the extent of a beneficiarys independent control over the assets in his account is adequate to relieve the ERISA Plans fiduciaries of their obligations with respect to an investment directed by the beneficiary. ARMED FORCES BREWING COMPANY @ArmedForcesBC We celebrate our country, military, and beer! Some of the commodities used by the Company are key ingredients in its beer and may not be easily substituted. There are a few things to consider before investing in Armed Forces Brewing Company. Mainvest is a company that helps aggregate and promote available investment opportunities with small brick-and-mortar businesses in a variety of sectors for as little as $100. This Offering Circular will be furnished to prospective investors via download 24 hours per day, 7 days per week on the above-referenced websites. from $29.95. We celebrate our country, military, and beer! The company has many military veterans on staff, including Director of Military RelationsRobert ONeill. Investors will be subject to substantial risks involved in an investment in the Company, including the risk of losing their entire investment. are based on reasonable assumptions, you should be aware that many factors could affect its actual operating and financial performance and cause its performance to differ materially from the performance anticipated in the forward-looking statements. To that end, the Company must be able to manage its development efforts effectively and hire, train and integrate additional management, administrative and sales and marketing personnel. Revenue. This process is being led by Kendall Almerico, a noted securities attorney and crowdfunding expert Forbes named one of the top Regulation A attorneys and JOBS Act experts in the country. The Company considers short-term, highly liquid investment with original maturities of three months or less at the time of purchase to be cash equivalents. Those two men wereGallaudet UniversitygraduatesJason BaileyandAmit Rupani. All of their beers are brewed in small batches, using only the finest ingredients. He wasan Admin Operations Specialist at the United States Geological Survey based in Catonsville, MD from 2016 to 2020 and became a Contract Specialist at the United States Geological Survey in March 2020, a position he has held to present. Join over 6,700, Armed Forces Brewing Company is pivoting to new 6. The Company has not filed for bankruptcy protection nor has it ever been involved in receivership or similar proceedings. 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 companys commitment to quality and its dedication to providing veterans with job opportunities makes it a great choice for those looking for an ethical and profitable way to invest their money. *Travel and accommodations not included on any perk. (2) The number of Shares to be outstanding after the Offering assumes that the Offering is fully subscribed, and this number will be less if the Offering is not fully subscribed. Fiduciaries considering an investment in the Shares should accordingly consult their own legal advisors if they have any concern as to whether the investment would be inconsistent with any of these criteria. Changes in Public Attitudes and Tastes Could Harm the Companys Business and Regulatory Changes in Response to Public Attitudes and Tastes Could Adversely Affect the Companys Business. 21 & up. INVESTORS WILL BE REQUIRED TO REPRESENT THAT THEY ARE ABLE TO BEAR THE ECONOMIC RISK OF THEIR INVESTMENT AND THAT THEY (OR THEIR PURCHASER REPRESENTATIVES) ARE FAMILIAR WITH AND UNDERSTAND THE TERMS AND RISKS OF THIS OFFERING. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America ("GAAP"). Armed Forces Brewing Company is one such brewery. As a result, these companies may obtain. Consequently, investors must rely on sales of their Shares after price appreciation, which may never occur, as the only way to realize any gains on their investment. But there are some standouts in the space worth your attention, especially for investors seeking to generate some dividend income along the way. A Sanctioned Country means a country subject to a sanctions program identified on the list maintained by OFAC and available at www.ustreas.gov/offices/enforcement/ofac/sdn or as otherwise published from time to time. The Shares will be sold only to a person who is not an accredited investor if the aggregate purchase price paid by such person is no more than 10% of the greater of such person's annual income or net worth, not including the value of his primary residence, as calculated under Rule 501 of Regulation D promulgated under Section 4(a)(2) of the Securities Act of 1933, as amended. Although it's the fifth-largest beer maker in the world, Molson Coors' stock has substantially declined for years. His grandfather, father, brother, nephew, 2 uncles, and several cousins all served in the U.S. Military. Regardless of which company the Holding Account is created through should they be created in lieu of the Escrow Account, the subscription funds advanced by prospective Investors as part of the subscription process would be held in said Holding Account and would not be commingled with the Company's operating account, until there is a Closing with respect to that Investor and. An increase in number of shares outstanding could also result from a share offering (such as an initial public offering, an equity crowdfunding round, a venture capital round, or an angel investment), employees or others exercising stock options, vesting of stock options or by conversion of certain instruments such as convertible bonds, other classes of stock or warrants into stock or other equity. Any of such events or occurrences could have a material adverse effect on the Companys financial results and on your investment. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition, and other economic factors. There is no minimum number of Shares that needs to be sold in order for funds to be released to the Company and for this Offering to hold its first closing. THE COMPANY MAY REJECT ANY OFFER IN WHOLE OR IN PART AND NEED NOT ACCEPT OFFERS IN THE ORDER RECEIVED. You should not place undue reliance on forward-looking statements. Computer, Website or Information System Breakdown Could Affect The Companys Business, Computer, website and/or information system breakdowns as well as cyber security attacks could impair the Companys ability to service its customers leading to reduced revenue from sales and/or reputational damage, which could have a material adverse effect on the Companys financial, A Data Security Breach Could Expose The Company To Liability And Protracted And Costly Litigation, And Could Adversely Affect The Company's Reputation And Operating Revenues. As of December 31, 2020 as the Company had no taxable income, the unrecognized tax benefits accrual was zero. You will have a little ability to take part in the management of the Company as a minority Shareholder and will not be represented on any management board of the Company. For the past five years, Jeff has worked for Asheville, North Carolina based JSJ Consulting as well as Agora Concepts, Inc. d/b/a SOUL Gastrolounge in Charlotte North Carolina, 4Caret Enterprises, LLC d/b/a The Diamond in Charlotte, North Carolina and RAGA Charlotte, LLC d/b/a KIKI Bistro in Charlotte North Carolina. About American Forces Brewing CompanyArmed Forces Brewing Company is a craft brewing company created to pay homage to the U.S. Military through its three beer brands - Seawolf, Soldier and Airmen. Furthermore, the Company anticipates that closings will be held such that no cleared investor funds will remain in any Escrow Account, or any Holding Account set up by Circle, Dwolla or Sila or by any banking or similar institution for more than approximately 30 business days assuming said funds and the investors have cleared compliance with the broker-dealer. Stone Brewing co-founder Greg Koch. The Company has a limited operating history. The company's flagship beer is called "The Veteran.". Investor will participate in a military-based planned activity to be announced with members of the Companys management and advisors. Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Offering Circular and has duly caused this offering statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Annapolis, State of Maryland on July 9, 2021. Any infringement of the Company's proprietary rights could result in significant litigation costs, and any failure to adequately protect the Company's proprietary rights could result in the Company's competitors offering similar products, potentially resulting in loss of a competitive advantage and decreased revenue. An unfavorable outcome to a tax audit could result in higher tax expense, thereby negatively impacting the Companys results of operations. Depreciation is provided using the straight-line method, based on useful lives of the assets. The offering circular is available to download here for you to read and review before you invest. Again, any material changes from the earlier reported period are primarily due to the Company receiving this additional private funding in 2020. Changes in Tax, Environmental and Other Regulations, Government Shutdowns or Failure to Comply with Existing Licensing, Trade or Other Regulations Could Have a Material Adverse Effect on the Companys Financial Condition. The sale of Shares of the same class as those to be offered for the period of distribution will be limited and restricted to those sold through this Offering. Total Assets: $34,876 . This Preliminary Offering Circular is following the offering circular format described in Part II of Form 1-A. Changes In The Economy Could Have a Detrimental Impact On The Company. And, theyre growing quickly, with plans to expand their brewing operations and open new taprooms in the near future.On the downside, theres the potential for negative publicity if any of their beers are linked to health problems. Developing and maintaining awareness of the Company's brand names, among other factors, is critical. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. There can be no assurance that actual results will not differ from those estimates. They involve risks, uncertainties (many of which are beyond the Company's control) and assumptions. Investors may not withdraw their funds tendered from the escrow account or holding account unless the Offering is terminated without a closing having occurred. 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