|Bid||3.9700 x 1000|
|Ask||3.9800 x 800|
|Day's Range||3.7910 - 4.4000|
|52 Week Range||3.7620 - 8.7400|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
By Ian Gilson, PhD, CFA NASDAQ:EAST READ THE FULL EAST RESEARCH REPORT In the recent 14A (proxy) statement filed with the SEC Mr. Grover T. Wickersham, currently Executive Chairman at Eastside Distilling ...
The big shareholder groups in Eastside Distilling, Inc. (NASDAQ:EAST) have power over the company. Large companies...
By Ian Gilson, PhD, CFA NASDAQ:EAST READ THE FULL EAST RESEARCH REPORT On June 7, 2019 Eastside Distilling (NASDAQ:EAST) announced that it has signed an agreement with Point Blank Distributing in Oregon ...
Eastside (EAST) has been authorized by Walmart to offer the Redneck Riviera Whiskey 1.75L bottles (half gallon) for sale in all Walmart stores in the U.S.A.. This is in addition to the distribution of the smaller sizes into 1,206 stores previously announced. As of May, 2019 Walmart has been reported as having 386 Discount stores, 813 Neighborhood stares and 3,570 Supercentres for a total of 4,769, or 4,563 additional stores [https://www.statista.com]. Distributors and Alcohol State Liquor Commissions (in the 17 regulated States) can now sell to all Walmart stores in the U.S.A.
Eastside Distilling (EAST) announced it 1Q19 results on May 13, 2019 followed by a conference call. Cost of sales were impacted by the addition of the canning operations of CC+B and the increasing proportion of sales from RRW and Potato Vodka. Raw material costs continue to increase due to increasing costs at their largest raw material supplier.
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 ...
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By Ian Gilson, PhD, CFA NASDAQ:EAST READ THE FULL EAST RESEARCH REPORT In March and April 2019, Eastside Distilling (NASDAQ:EAST) has announced several agreements with major grocery chains in the United ...
Eastside Distilling (EAST) announced its year end 2018 results on March 28, 2019. Net sales for the 4Q18 increased 144% with branded product shipment up 135% driven by Redneck Riviera Whisky, RRW, which was 47% of total branded shipments. The growth in Redneck Riviera Whiskey is unprecedented in the craft spirits business and with the replenishment cycle just beginning we expect growth to continue through 2019.
Shares of Oregon-based maker of craft spirit maker Eastside Distilling Inc (NASDAQ: EAST ) ticked higher Monday after the company's potential move into the CBD-infused beverages space became more clear. ...
By Ian Gilson, PhD, CFA NASDAQ:EAST READ THE FULL EAST RESEARCH REPORT Eastside Distilling (NASDAQ:EAST) is shipping a new addition to its portfolio. In conjunction with John Rich, it has introduced a ...
Eastside Distilling (EAST) has announced that it has requested a license to operate (LTO) from the Ohio Department of Commerce Division of Liquor Control to sell alcohol in Ohio, which is one of the 17 states that control the distribution and sale of liquor. The company has received a significant number of requests for, and there has been a large amount of social media activity on, Redneck Riviera Whiskey. The initial emphasis will be in the larger cities in Ohio.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are more Read More...
Eastside Distilling (EAST) has announced the acquisition of Craft Canning + Bottling (CC+B) a fast growing, with positive EBITDA, provider of mobile operations. The cost is expected to be $2 million in cash (which EAST has on its balance sheet), assumption of debt of $0.8 million and 338,212 shares of EAST common stock. CC+B will combine its operations with those of Mother Lode.
Eastside Distilling (EAST) reported it had sold 3,250 cases, which equates to 39,000 kits, of a Redneck Riviera Value Add Pack (also known as "Git Down Kit") prior to Christmas 2018. This kit contains a 750 ml bottle of RRW and two bags of Redneck Riviera Beef Jerky and retails at close to $33 a kit. The company had intended to sell this through the festive season and into 2019 but the kit was sold out before Christmas.
While small-cap stocks, such as Eastside Distilling Inc (NASDAQ:EAST) with its market cap of US$44m, are popular for their explosive growth, investors should also be aware of their balance sheet Read More...
The proceeds will be used to cover expenses from the sale and promotion of Riviera Redneck Whisky and other corporate needs. SUBSCRIBE TO ZACKS SMALL CAP RESEARCH to receive our articles and reports emailed directly to you each morning.
By Ian Gilson, PhD, CFA NASDAQ:EAST READ THE FULL RESEARCH REPORT HERE Eastside Distilling (NASDAQ:EAST) has announced that Redneck Riviera Whiskey (RRW) will be distributed in Arkansas by Central Distributors ...
Third quarter net sales were below our estimates, partly due to a higher than expected excise tax due to changes in where sales occurred (different states have different tax rates). When the Farm Bill is passed we expects it to make hemp products legal in the United States. Marijuana has been hybridized for many years (illegally) to increase the concentration of THC and we would expect plants producing higher levels of CBD could be produced without major problems.
The common stock warrants have now expired. Counting those that had been exercised prior to the call 98.2% of the warrants sold in public offerings of common stock in August 2017 plus warrants included in note sales in the period of March and June 2018 have been redeemed. Eastside Distilling's (EAST) underwriter for the August 2017 stock offering, Roth Capital Partners, elected to buy 60,000 of their underwriter units and exercise the attached warrants.
Eastside Distilling (EAST) (EASTW) has called the common stock warrants. Holders will have until Sept. 10, 2018 to convert the warrants into common stock, after which they will expire worthless. The conversion price is $5.40 and, as of midday August 31, 2018 the warrants were selling for $1.99.
Eastside Distilling's (EAST) second quarter gross revenue was $ 1.675 million, as compared to our estimate of $1.656 million. Redneck Riviera Whiskey (RRW) sales in 2Q18 were close to those of 1Q18 but the backlog has been building and 3Q18 should show significant growth as RRW is now approved for sale in 28 states. The North Eastern states are underrepresented but additional marketing resources are now available and more states should sign up by year end.