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AI Revolutionizes Craft Brewing Industry

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Fobi AI Inc. has announced a new data license agreement with Vancouver Island Brewing, marking their second collaboration. Read on for more information.

Fobi AI Inc. (FOBI:TSXV) has announced the signing of a significant data license agreement with Vancouver Island Brewing (VI Brewing), marking their second collaboration and enhancing the brewery's capabilities with advanced data analytics. The announcement of this new agreement builds upon the initial collaboration started on August 16, 2023, demonstrating a strengthening relationship between the two companies. 

The agreement with VI Brewing will empower the brewery with Fobi's real-time analytics, allowing them to make quicker, smarter, and data-driven decisions, which are crucial in today's dynamic market. This strategic partnership both validates Fobi’s Fobi Data Exchange's impact in the beverage and liquor industry and enhances its footprint in the market, capitalizing on the trend towards data-driven business operations.

Fobi AI Inc. has also partnered with Red Truck Beer Company to integrate real-time data analytics into the brewery's operations through Fobi’s Data Exchange platform. This technology provides actionable insights into consumer behavior and market trends, positioning Red Truck for adaptive growth in the dynamic beverage industry. The partnership enables Red Truck to optimize its product development and marketing strategies, leveraging detailed customer profiles to better meet market demands and enhance competitive positioning.

In addition, Fobi AI Inc. has revised its asset purchase agreement with Wallet Communications SL, specifying that the initial payment will consist of 476,126 Fobi AI shares valued at US$0.088 each, totaling US$41,899.14. The maximum earnout has been set at 1,559,844 shares. The finalization of this agreement is expected by April 30, 2024, subject to regulatory approvals. Additionally, Fobi AI issued 770,421 shares at US$0.076 each to Sortido Cinzento under the Passworks acquisition terms, with these shares being restricted for four months plus one day.

Why AI?

In the increasingly digital landscape of business operations, artificial intelligence (AI) stands out as a transformative force, particularly in industries like craft brewing, where competition can be fierce.

In an article at, the use of AI in this industry was highlighted for the many ways it can alter the entire business. They noted, "The use of AI in recommending beers is gaining traction due to its ability to analyze vast datasets and identify patterns that can predict what users might like. This analytical capability allows AI to suggest beers based on user preferences, enhancing the consumer experience by making personalized recommendations. Additionally, AI can help breweries optimize their inventory by predicting popular choices, leading to better resource allocation and reduced waste​."

Through personalized recommendations and targeted marketing, AI helps businesses like Vancouver Island Brewing create more meaningful interactions with their customers. In March, The Guardian offered a perspective on how AI is not reaching customers but making the beer itself taste better.

As they explained, "Scientists have developed AI algorithms that analyze yeast metabolism during fermentation, enabling brewers to optimize flavor profiles and create superior beers. This innovation is particularly significant in a country renowned for its brewing traditions, as it marries age-old techniques with cutting-edge technology to meet modern tastes."


The recent data license agreement between Fobi AI Inc. and Vancouver Island Brewing acts as a significant catalyst for both entities. For Fobi, this agreement further validates its Fobi Data Exchange technology within the beverage and liquor industry, showcasing its capability to transform traditional business models into more data-driven enterprises. It's a move that is likely to attract more partnerships and customers within the sector, potentially opening up new markets for Fobi’s technology.

Fobi AI's partnership with Vancouver Island Brewing showcases a strategic application of its real-time analytics platform, designed to transform data into actionable insights for the beverage industry. This collaboration not only boosts Vancouver Island Brewing's operational efficiency and market responsiveness but also serves as a model for similar enterprises. The company anticipates that the success of this implementation will attract additional partners looking to leverage Fobi AI's advanced data solutions to gain a competitive edge in their respective markets.

Expert Opinions

Technical Analyst Clive Maund commented on Fobi's 1-year arithmetic in a February report, noting, "There is a value in looking at FOBI on a 1-year arithmetic chart on which we see that the downtrend is converging to a point with downside momentum steadily dropping out and the big increase is upside volume since late December driving the Accumulation line higher, all of which points a reversal into a new bullmarket occurring soon.  

streetwise book logoStreetwise Ownership Overview*

Fobi AI Inc. (FOBI:TSX)

*Share Structure as of 4/15/2024

Three months later, on April 16, Maund highlighted the strategic significance of Fobi AI Inc.'s advancements in the AI sector. "Fobi AI Inc. has positioned itself as the third largest creator of digital wallets after Apple and Google in what promises to be a massive growth sector," states Maund. This recognition underscores Fobi's innovative approach and its potential impact on the broader market. Maund further elaborates on Fobi's growth prospects, noting that "the company recently successfully closed a fully subscribed upsized non-brokered private placement for aggregate gross proceeds approaching CA$2.5 million, so there is little risk of any funding activity soon."

Ownership and Share Structure  

According to the company, about 20% is held by insiders, including the CEO Anson, who has 4.35% personally and 15.45% through Fobisuite Technologies Inc. The rest is with retail.

Fobi's market cap is CA$15.42 million, and its 52-week trading range is CA$0.07−0.45 per share.

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Important Disclosures:

  1. Fobi is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Fobi has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Fobi AI Inc.
  3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
  4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 
  5. This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

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Contributing Author Disclosures:

  1. Author Certification and Compensation: [Clive Maund of] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing this article. Maund received his UK Technical Analysts’ Diploma in 1989. The recommendations and opinions expressed in this content accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed. Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

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