Entertainment Arts Research (EARI) said it acquired Lake Tahoe Distilling, producer of Cave Rock Cacao Whiskey, and Elemental Spirits, producers of handcrafted bitters and hydrosols.
Morningstar describes EARI as “a U.S.-based service and game development company engaged i developing and delivering an mature suite of web-based business marketing and online communication tools via the SaaS model. But throughout 2021, the company says, EARI “gradually transitioned to becoming a diversified conglomerate of beverage brands,” owning Bell City Brewing,a Canadian brewpub; Betta4U Brands; FoodyTV, and now producers of bitters and spirits.
In a public offering statement filed with the Securities & Exchange Commission on Oct. 15, 2021, EARI said it sought to raise $15 million by selling 200 million shares at 7.5 cents each.