Eastside Distilling's (NASDAQ: EAST) Azuñia tequila brand's distillery won two significant awards. Azuñia's Rancho Miravalle family-owned-and-operated farm and distillery located in Amatitán, Mexico, which exclusively makes and exports Azuñia's tequila lineup, was awarded as the Organic Distillery of the year for 2019 at The New York International Spirits Competition (NYISC). Also, the brand has been recognized by peers and competitors in Mexico as the National Museum of Tequila's Distillery of the Year for 2019, awarded by the International College of Master Distillers – one of the highest honors a tequila maker can win in Mexico.
Eastside Distilling, Inc. (NASDAQ: EAST) today announced the appointment of Paul Block to the Company's Board of Directors, effective April 20, 2020. On April 24, 2020, Chairman of the Board Paul Shoen tendered his resignation from the Board, effective on that date. Upon his resignation, the Board of Directors elected Mr. Block to serve as Chair of the Board.
By Ian Gilson, PhD, CFA NASDAQ:EAST READ THE FULL EAST RESEARCH REPORT Publix, the largest grocery chain in Florida, will sell Redneck Riviera Whiskey in all of the stores that sell spirits. In Florida Publix has 831 stores, all of which sell beer and wine, but only 273 stores also sell spirits. Some stores will have product to sell this Christmas and all 273 stores will stock the whiskey by the
Eastside Distilling, Inc. (NASDAQ: EAST) reported fourth quarter and fiscal year 2019 financial results for the period ended December 31, 2019.
Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company") announced today that it will host a conference call to provide an update on the business on Thursday, January 30, 2020 at 5:00pm ET.
Eastside Distilling, Inc. (NASDAQ: EAST) today announced the promotion of Joseph Giansante as the Company's new Chief Marketing Officer.
Eastside Distilling, Inc. (NASDAQ: EAST) today announced the appointment of G. Stuart Schreiner as Interim Chief Financial Officer, effective February 28, 2020.
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Eastside Distilling, Inc. (NASDAQ: EAST) reported first quarter 2020 financial results for the period ended March 31, 2020.
Eastside Distilling, Inc. (NASDAQ: EAST) today announced that the Company's Chief Executive Officer, Lawrence Firestone, will host virtual meetings with investors during Oppenheimer's 5th Annual Virtual Emerging Growth Conference on Tuesday, May 12, 2020.
Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside") and Craft Canning + Bottling, LLC, a subsidiary of Eastside ("Craft Canning," and together with Eastside, the "Company"), today announced that they have entered into loan agreements with Live Oak Banking Company ("Live Oak Bank") under the Paycheck Protection Program ("PPP") of the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") totaling approximately $1.4 million in aggregate.
Eastside Distilling, Inc. (NASDAQ: EAST), today announced it has closed a new asset-based revolving credit facility of up to $8 million in available principal amount with Live Oak Bank backed by the Company's spirits inventory. The Company expects to use this new credit facility to pay off and replace the two existing inventory facilities of $5 million capacity with KFK and TQLA and to fund general working capital. In addition to the increased availability of up to $3 million, the new credit facility offers a number of potential advantages to Eastside, including a reduction in the interest rate. The new credit facility, coupled with the $2 million Accounts Receivable factoring agreement signed in December 2019, provides the Company with up to $10 million of aggregate financing to refinance existing debt and fund growth in the business.
By Ian Gilson, PhD, CFA NASDAQ:EAST READ THE FULL EAST RESEARCH REPORT On January 30, 2020, Eastside Distilling (NASDAQ:EAST) gave guidance for the 4Q19. In 2018, the fourth quarter outpaced the third quarter and we had expected a similar pattern as tequila sales would be additive to case and sales growth (prices were increased for most of the tequila line by 10%). Management expects a more
Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company") will report its first quarter 2020 financial results after the market close on Thursday, May 14, 2020. The Company will host a conference call that same day, Thursday, May 14, 2020, at 5:00pm ET to review the results.
Eastside Distilling, Inc. (NASDAQ: EAST) today announced that the Company's Chief Executive Officer, Lawrence Firestone, will present at the 32nd Annual ROTH Conference on Tuesday, March 17, 2020 at 12:30 pm PT (3:30 pm ET). The event is being held at the Ritz Carlton Hotel in Dana Point, California.
NEW YORK, NY / ACCESSWIRE / March 30, 2020 / Eastside Distilling, Inc. (NASDAQ:EAST) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 30, 2020 at ...
Eastside Distilling, Inc. (NASDAQ: EAST) announced today Florida grocery giant Publix will sell Redneck Riviera Whiskey in 273 stores throughout the Sunshine State. Select stores will begin carrying Redneck Riviera American blended whiskey immediately, with all 273 locations expected to have the product on the shelves by the end of January.
Eastside Distilling, Inc. (NASDAQ: EAST) today announced expanded distribution for its Redneck Riviera Whiskey to 521 Rite Aid stores throughout the state of California. The initial shelf sets by Rite Aid marks a significant milestone in the development of the brand as Rite Aid becomes the first retailer in the drug store segment to begin carrying the product. The Rite Aid shelf sets are expected to be placed in the month of May for the start of the busy summer season.
Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company") will report its fourth quarter and fiscal year 2019 financial results after the market close on Monday, March 30, 2020. The Company will host a conference call that same day, Monday, March 30, 2020, at 5:00pm EDT to review the results.
Eastside Distilling, Inc. (NASDAQ: EAST) today announced expanded distribution in Florida and California for the Company's Azuñia Tequila, Burnside Bourbon and Hue-Hue Coffee Rum (pronounced Way-Way) brands. The expansion of these brands leverages the Company's distribution capabilities in each market, which are led by Eastside's Redneck Riviera Whiskey and Granny Rich RSV.