Category Archives: Finance

Flying Embers Closes Series C to Accelerate Portfolio Growth

Posted on January 19, 2022 by Joel Whitaker

Flying Embers, the alcohol innovation platform with leading organic Hard Kombucha and Hard Seltzer products, said it successfully closed its $20 million Series C round, led by Beam Suntory, a global leader in premium spirits. The funding round also includes follow-on … Continue reading →

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Big Springs Spirits Crowdsources Pittsburgh Expansion

Posted on December 15, 2021 by Joel Whitaker

Big Spring Distillery, Bellefonte, Pa., is seeking to raise at least $100,000 through Honeycomb Credit, a crowdsourcing platform.  The eight-year loan will bear an interest rate of 7.75% The new facility will have a different name, The Distillery at South … Continue reading →

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Fresh Vine Wine IPO Priced at $10 a Share

Posted on December 13, 2021 by Joel Whitaker

Fresh Vine Wine, Inc. said it is offering 2.2 million common shares shares of its common stock at a public offering price of $10 a share through underwriters led by Oak Ridge Financial Services Group and Boustead Securities LLC.  The … Continue reading →

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Maker Wine Raises $2.3 Million to Bring Canned Wine Across The Country

Posted on November 23, 2021 by Joel Whitaker

Maker, a Marin County producer of canned wines, said it raised $2.3 million from over 30 angels and operators including Pear VC, Marcy Venture Partners, The Chainsmokers, Odell Beckham Jr., Rachel Mansfield, Charles Hudson, Mariam Naficy, Bryan Mahoney, Henry Davis, … Continue reading →

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Diageo Sees Organic Sales Jumping 16% is Fiscal 1st Half, Growth of 5%-7% from Fiscal 2023 to 2025

Posted on November 16, 2021 by Joel Whitaker

Diageo plc said it expects organic sales to jump 16% in the fiscal first half of 2022 and to advance 5% to 7% for fiscal 2023-2025.  And it said it has a desire to achieve a 50% increase — to … Continue reading →

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Splash Beverage Revenue Soars, But Net Loss Soars Even More

Posted on November 16, 2021 by Joel Whitaker

Splash Beverage Group reports net third quarter sales of $2.8 million, up from $692,974 a year earlier.  The company reported a net loss of $12.2 million, dramatically larger than its $2.1 million loss a year earlier. Splash makes and sell … Continue reading →

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