Heritage Distilling Holding Company, Inc. earned $8.1 million in revenue but faced a $31.8 million net loss over the last year. The company has a market capitalization of $40.6 million.
Newbridge Securities was the underwriter for its IPO.
The company describes itself as a craft distiller producing various award-winning spirits, including whiskeys, vodkas, gins, rums, and ready-to-drink cocktails. Incorporated in Delaware, Heritage Distilling focuses on taste and innovation to meet consumer demand. They compete in the fast-growing craft spirits market, which generated over $17.7 billion in 2021 and is expected to grow significantly by 2026.
Recognized for its outstanding products, Heritage Distilling is one of the largest craft spirits producers on the West Coast and aims to expand nationally through traditional sales and a new Tribal Beverage Network (TBN). Their growth strategies emphasize direct-to-consumer sales, increasing wholesale distribution, and collaborating with Native American tribes to establish regional production hubs.
Heritage Distilling was founded in 2011, employs 108 people, and is located at 9668 Bujacich Road, Gig Harbor, Washington. For more information, visit Heritage Distilling.
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