Category Archives: Finance

SOBR Safe, Inc. Completes Financing

Posted on September 30, 2021 by Joel Whitaker

SOBR Safe, Inc., which has developed a proprietary, touch-based identity verification, alcohol detection and cloud-based reporting system,  said it closed on its previously announced financing of a $3,048,780.50 convertible debunture ans warrants to purchase up to 1,219,512 common shares.at $2 … Continue reading →

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JP Morgan Downgrade of A-B InBev Stock Drives 8% Drop

Posted on September 16, 2021 by Joel Whitaker

A month ago JPMorgan sent a clear message:  Sell Anheuser-Busch InBev stock.  To be sure, JPMorgan didn’t say “sell.”  Instead it said investors should “underweight” the stock, which it previously rated as neutral.  The result:  In the past month, the stock fell … Continue reading →

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Boston Beer Expects to Write Off Some Hard Seltzer Inventory

Posted on September 9, 2021 by Joel Whitaker

Boston Beer Co. withdrew if 2021 financial guidance and said it expects to incure hard seltzer-related inventory writeoffs, shortfall fees paid to third party brewers and other costs related to decelerating demand for hard seltzer. The company said demand for … Continue reading →

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Bright Cellars Closes $11.2 Million Funding

Posted on September 1, 2021 by Joel Whitaker

Bright Cellars, which uses a rapid, data-driven research and development cycle to prove out new wines, said it closed on $11.2 million in Series B funding, led by Cleveland Avenue with participation from existing investors Revolution Ventures and Northwestern Mutual. Proceeds will allow the company to … Continue reading →

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Speakeasy Scores $2 Million Funding

Posted on September 1, 2021 by Joel Whitaker

Speakeasy Co., a technology company and e-commerce platform for the wine & spirits industry, announced a $2 million dollar seed round led by Trog Hawley Capital LLC with participation from other notable investors, including Revolution’s Rise of the Rest Seed Fund.  Proceeds … Continue reading →

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IZO Spirits Raising Capital Through Crowdfunding

Posted on August 31, 2021 by Joel Whitaker

Izo Spirits, producers of a full line of Mexican spirits, is seeking to raise $1.07 million of  additional capital through StartEngine, the largest equity crowdfunding platform in the U.S. When we checked last night, Izo had raised $140,812.  The company … Continue reading →

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