Distilleries
Search documents
Heritage Distilling Implements Cryptocurrency Treasury Policy
Globenewswire· 2025-05-15 20:15
Core Viewpoint - Heritage Distilling Holding Company aims to lead the craft spirits e-commerce sector by accepting Bitcoin and Dogecoin as payment and holding them as strategic assets [1][2][3] Group 1: Cryptocurrency Policy - The Cryptocurrency Policy allows Heritage to accept Bitcoin and Dogecoin for products and services through its direct-to-consumer e-commerce platform [1][2] - The policy is based on the belief that Bitcoin is a long-term strategic asset, while Dogecoin is gaining popularity for transactions due to its substantial user base [2] - Estimates suggest that between 65 to 86 million Americans hold Bitcoin, and approximately 83 million wallets hold Dogecoin, presenting a growing opportunity for Heritage [2] Group 2: Leadership and Innovation - Matt Swann, chair of the Board's Technology and Cryptocurrency Committee, emphasizes the potential of cryptocurrencies to reduce friction in commerce [3] - CEO Justin Stiefel highlights Heritage's innovative approach in the craft spirits space by preparing to accept cryptocurrencies and leveraging them as assets [3] - The company expects that acceptable margins between retail prices and production costs will mitigate potential volatility in cryptocurrency values [3] Group 3: Company Background - Heritage Distilling is recognized as one of the premier independent craft distilleries in the U.S., offering a diverse range of spirits and has been awarded multiple accolades [4] - The company is expanding its presence nationwide through various sales channels, including e-commerce and a unique collaboration with Native American tribes known as the Tribal Beverage Network [4] - This initiative aims to create economic and social benefits for tribal communities while enhancing Heritage's commitment to innovation and sustainable growth [4]
Heritage Distilling Co. Announces Launch of Newest Salute Series Whiskey Honoring Green Berets
Globenewswire· 2025-04-29 20:01
Core Viewpoint - Heritage Distilling Company is launching a limited edition bourbon, "De Oppresso Liber," to honor the Green Berets, with a portion of sales proceeds going to the Green Beret Foundation, aiming to generate over $500,000 in revenue [3][4]. Group 1: Product Launch and Details - The new bourbon is a 5-year Kentucky straight bourbon bottled at 122 proof (61% ABV), commemorating the year 1961 when President JFK authorized the green beret for the U.S. Army Special Forces [3][4]. - Each bottle is priced at $145, with $20 from each sale donated to the Green Beret Foundation, potentially exceeding $100,000 in total donations if all 5,000 bottles are sold [4][5]. - The launch is part of Heritage's Salute Series, which honors military personnel and first responders, having already contributed over $200,000 to various charities in the past 18 months [5]. Group 2: Company Background - Heritage Distilling is recognized as one of North America's most awarded craft distilleries, having received numerous accolades over the past decade [6]. - The company is expanding its market presence through various sales channels, including e-commerce and partnerships with Native American tribes, enhancing community engagement and economic benefits [6]. Group 3: Partnership with Green Beret Foundation - The Green Beret Foundation is a non-profit organization dedicated to supporting U.S. Army Special Forces soldiers and their families, ensuring they have access to necessary resources [7]. - The partnership with Heritage aims to celebrate the legacy of the Green Berets and provide ongoing support to their community [4][7].
Heritage Distilling Co. Regains Compliance with Nasdaq Listing Rules After Receiving Notice of Non-Compliance
Globenewswire· 2025-04-28 20:30
Compliance with Nasdaq - Heritage Distilling Holding Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) after filing its 2024 Annual Report on Form 10-K on April 28, 2025 [1][2] - Nasdaq staff confirmed that no further action is required from the company regarding this compliance matter [2] Company Overview - Heritage Distilling is a leading independent craft distillery in the United States, offering a variety of spirits including whiskeys, vodkas, gins, rums, and ready-to-drink cocktails [3] - The company has been recognized as North America's most awarded craft distillery for ten consecutive years by the American Distilling Institute [3] - Heritage is one of the largest craft spirits producers on the West Coast by revenue and is expanding its presence nationwide through various sales channels, including wholesale, on-premises venues, e-commerce, and the Tribal Beverage Network (TBN) [3] - The TBN initiative collaborates with Native American tribes to develop Heritage-branded distilleries and unique tribal brands, creating economic and social benefits for participating tribes [3]
Heritage Distilling Holding Co Inc(CASK) - Prospectus(update)
2024-08-28 21:30
As filed with the Securities and Exchange Commission on August 28, 2024. Registration No. 333-279382 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 __________________________________________ HERITAGE DISTILLING HOLDING COMPANY, INC. (Exact name of registrant as specified in its charter) __________________________________________ (State or other jurisdiction ...