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EAST: Eastside Distilling adds to its trophy case with wins in San Francisco and Berlin. Dipping its toe into CBD sampling.

By Ian Gilson, PhD, CFA

NASDAQ:EAST

READ THE FULL EAST RESEARCH REPORT

Following its five prestigious wins in the Berlin International Spirits Competition, with a double gold for its Big Bottom Distilling Delta Rye Whiskey, Eastside Distilling (EAST) garnered 17 medals at the 2019 San Francisco World Spirits Competition. This included another Double Gold for the Big Bottom Delta Rye (following its Double Gold last year), four gold medals, eight silver and three bronze for other spirits. Redneck Riviera Whiskey was a silver medalist.

Big Bottom was named USA Whiskey Distillery of the Year at the Berlin competition.

On the year end conference call Grover Wickersham, Chairman & CEO, mentioned that Eastside is sampling RTD cans containing CBD derived from hemp.

Drinks containing CBD are one of the hottest topics in the spirits industry. CBD infused beverages are expected to be a huge growth area, growing from $12 million in 2018 to $200 million in 2019 and $1.5 billion by 2022.

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