|Bid||0.07 x 800|
|Ask||6.40 x 900|
|Day's Range||5.81 - 6.12|
|52 Week Range||4.95 - 9.25|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 3, 2019 - Apr 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.50|
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, Inc. (EAST) today announced that the new reserve Redneck Riviera Whiskey, “Granny Rich Reserve,” has started to ship. Granny Rich Reserve is a premium priced blend of traditional corn whiskey, aged 3 years or more, blended with American single malt aged at least 4 years. John Rich commented, “When thinking about a Reserve version of Redneck Riviera Whiskey, I immediately thought of my Granny Rich! Granny knows what it means to be a "Work Hard, Play Hard" American, and at 86 years young, she is more matured and refined just like the whiskey that bears her name and likeness.
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.
LOS ANGELES, CA / ACCESSWIRE / February 1, 2019 / LD Micro is pleased to announce that the LD Micro Index is being reconstituted as of February 1, 2019. Again. We have always held the belief that our industry ...
Eastside Distilling, Inc. (EAST) today announced that Redneck Riviera Whiskey has received a contract for distribution in Ohio, subject to state regulatory approval. The company has requested a license to operate (LTO) and upon final approvals, Eastside and RNDC intend to move quickly to have product in consumers’ hands to meet demand. Ohio will become the 39th state to carry the product since its launch less than a year ago.
Eastside Distilling, Inc. (EAST) today announced the Company’s landmark entry into the fast growing Ready-to-Drink (RTD) market with the introduction of the Portland Mule Ready-to-Drink Cocktail. Portland Mule will come in a 250ml, or 8.4 oz can, designed by the award-winning design team at Sandstrom Partners, and will have a 10.5% alcohol by volume. Eastside will focus initially on distribution in its home state of Oregon, but has aspirations to target national account customers in select regional markets across the U.S.
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, Inc. (EAST) today announced the acquisition by merger of Portland-based Craft Canning + Bottling (“Craft” or CC+B”) a leading provider of mobile canning and bottling services in Oregon, Washington and Colorado. Craft Canning + Bottling will combine operations with Eastside’s Mother Lode co-packing subsidiary, positioning the combined business unit to be a preeminent local provider to the fast-growing wine and Ready-to-Drink (RTD) cocktail segments. The aggregate consideration of $5.2 million paid by Eastside to CC+B shareholders in the merger was calculated on a 4.5x multiple of CC+B’s 2018 unaudited and estimated adjusted EBITDA of $1.2 million.
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.
Eastside Distilling, Inc. (EAST) today announced that the full 3,250 9L case inventory of the Redneck Riviera Value Add Pak (VAP), or “Git Down Kit,” sold completely out of stock prior to Christmas. The Redneck Riviera VAP includes a bottle of Redneck Riviera Whiskey and two bags of Redneck Riviera Beef Jerky. Robert Manfredonia, President of Eastside Distilling, commented, “The Git Down Kit VAP was a big success by any reckoning and is proving a great way to promote our brand.
Eastside Distilling, Inc. (EAST) today announced that Twin Peaks Restaurants has added Redneck Riviera Whiskey to its spirits product lineup in all 84 restaurants throughout 26 states. Redneck Riviera Whiskey will also be featured on Twin Peaks cocktail menus. Eastside anticipates that the full system rollout at Twin Peaks will be complete by the end of the first calendar quarter of 2019.
Eastside Distilling, Inc. (EAST) today announced the promotion of spirits industry veteran, Robert Manfredonia, to the position of President. Manfredonia has over 25 years of experience helping liquor companies drive new business growth, distributor focus and forging strong relationships with external business partners. As Eastside’s Vice President of National Accounts, Manfredonia has until now been in charge of selling the Company’s Redneck Riviera Whiskey product to ‘big box’ retailers including Costco, Kroger, Albertsons, Walmart, CVS, Winn Dixie, Spec’s (Texas), Jewel Osco, ABC Liquors (Florida) and other significant accounts.
Eastside Distilling, Inc. today announced that John Rich will be supporting Redneck Riviera Whiskey and the Folds of Honor with a three day media roadshow scheduled to begin Thursday, December 6th.
Eastside Distilling, Inc. (EAST), a producer of craft spirits, announced that it closed an underwritten public offering of 1,235,000 shares of its common stock at a public offering price of $6.50 per share on November 23, 2018. Eastside received net proceeds from this offering of approximately $7.2 million after deducting the underwriting discount and other estimated offering expenses. Eastside has granted the underwriters a 30-day over-allotment option to purchase up to 185,250 additional shares of common stock.
Eastside Distilling, Inc. (EAST) today announced Redneck Riviera Whiskey will be available in four stores in South Carolina for “road show” market testing, adding to the two store test in Florida. The Redneck Riviera Whiskey limited release program will feature a value-add pack, which includes a bottle of Redneck Riviera and two Bags of Redneck Riviera Beef Jerky.
Eastside Distilling, Inc. today announced that bottles of the 750 ml Redneck Riviera Whiskey are available in all Jewel-Osco locations throughout the state of Illinois.
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.
Eastside Distilling, Inc. (EAST), a producer of craft spirits, today announced that it has priced an underwritten public offering of 1,235,000 shares of its common stock at a public offering price of $6.50 per share. Eastside expects the gross proceeds from this offering to be $8,027,500 before deducting the underwriting discount and other estimated offering expenses. Eastside has granted the underwriters a 30-day over-allotment option to purchase up to 185,250 additional shares of common stock.
Eastside Distilling, Inc. (EAST), a producer of craft spirits, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. Eastside also expects to grant the underwriters a 30-day option to purchase additional shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
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 ...
Eastside Distilling, Inc. (EAST), maker of craft spirits, today announced that Redneck Riviera Whiskey will be distributed by Central Distributors in the state of Arkansas. With the addition of Arkansas, Redneck Riviera Whiskey is now available throughout the entire Southeast U.S. region. Central Distributors is an Arkansas family owned Wholesale Wine, Spirits and Beer business started by the Hastings family in 1935.
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.