In the past year, Heritage Distilling Holding Company, Inc. earned $8.1 million but had a net loss of $31.8 million. The company’s market cap is $40.6 million.
Newbridge Securities was the underwriter for their IPO.
Heritage Distilling produces and sells a variety of craft spirits like whiskeys, vodkas, and canned cocktails. They focus on innovation and consumer taste preferences in the $288 billion spirits market. They are recognized as one of the largest craft producers on the West Coast and aim to grow through direct sales and partnerships with Native American tribes.
The company plans to expand direct-to-consumer sales, grow its presence nationally, and collaborate with tribes to create new products and sales channels. They have received numerous awards for their products over the past decade.
Heritage Distilling was founded in 2011, has 108 employees, and is located at 9668 Bujacich Road, Gig Harbor, Washington, 98332. For more information, visit HeritageDistilling.com or call (253) 509-0008.
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