Heritage Distilling Holding Company, Inc reported $8.1 million in revenue and a net loss of $31.8 million over the past 12 months. The company’s market cap is $40.6 million.
Newbridge Securities is the IPO underwriter.
Heritage Distilling produces a range of craft spirits, including whiskeys, vodkas, gins, rums, and canned cocktails. They focus on innovation and quality to meet consumer demand. As a craft distiller, they produce under 750,000 gallons yearly. In 2021, the craft spirits market generated over $17.7 billion and is expected to grow at 30.6% annually, reaching $66 billion by 2026.
The company has received numerous awards for its products and is expanding its marketing efforts and sales teams. They sell directly to consumers and through wholesalers, with a strong presence in the Pacific Northwest and plans to expand to tribal lands through a new sales network.
Heritage Distilling was founded in 2011, has 108 employees, and is based in Gig Harbor, Washington. For more information, visit Heritage Distilling’s website or call (253) 509-0008.
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