Wine & Spirits

Starco Brands to Announce Fourth Quarter and Full Fiscal Year 2023 Financial Results on April 1, 2024

Retrieved on: 
Monday, March 18, 2024
Other Retail, Wine & Spirits, Food, Beverage, Consumer, Fashion, Cosmetics, Other Consumer, Retail

Starco Brands, Inc. (the “Company” or “Starco Brands”) (OTCQB: STCB), developer and acquirer of behavior-changing technologies and brands that spark excitement in the everyday, today announced it will release financial results for the fourth quarter and full fiscal year ended December 31, 2023, on Monday, April 1, 2024, after the market close.

Key Points: 
  • Starco Brands, Inc. (the “Company” or “Starco Brands”) (OTCQB: STCB), developer and acquirer of behavior-changing technologies and brands that spark excitement in the everyday, today announced it will release financial results for the fourth quarter and full fiscal year ended December 31, 2023, on Monday, April 1, 2024, after the market close.
  • The Company will host a conference call to discuss its financial results on Monday, April 1, 2024, at 1:30 pm Pacific Time (4:30 pm Eastern Time).
  • Investors interested in participating in the live call can dial (877) 407-0792 from the U.S. International callers can dial (201) 689-8263.
  • There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at https://investors.starcobrands.com .

B.R. Distilling Company Secures Asset-Backed Line of Credit from Live Oak Bank

Retrieved on: 
Monday, March 18, 2024
Retail, Specialty, Wine & Spirits, Life, Ageing, Multimedia, Growth, Live Oak Bank, Small business, Financial services

Distilling Company , the creator of the award-winning Blue Note Bourbon ™, has secured an asset-backed line of credit from Live Oak Bank , providing the company with working capital to finance its inventory purchases under its long-term production agreement with Green River Distilling Company, the 10th oldest distillery in Kentucky.

Key Points: 
  • Distilling Company , the creator of the award-winning Blue Note Bourbon ™, has secured an asset-backed line of credit from Live Oak Bank , providing the company with working capital to finance its inventory purchases under its long-term production agreement with Green River Distilling Company, the 10th oldest distillery in Kentucky.
  • The transaction also frees up the company’s other capital for sales and marketing support to fuel the growing brand.
  • Distilling Company, the creator of the award-winning Blue Note Bourbon™, has secured an asset-backed line of credit from Live Oak Bank, providing the company with working capital to finance its inventory purchases under its long-term production agreement with Green River Distilling Company, the 10th oldest distillery in Kentucky.
  • Distilling Company to further the company’s growth and support their business needs as they expand their operations,” said Jeff Clark, Vice President of Wine and Craft Beverage lending at Live Oak Bank.

Ole Smoky Named ‘Hot Brand’ From M. Shanken Communications for Seventh Consecutive Year

Retrieved on: 
Monday, March 18, 2024
Marketing, Advertising, Retail, Communications, Restaurant, Bar, Wine & Spirits, Food, Beverage, Cream, Ole Smoky Distillery, Growth, Marvin Shanken, Wine, Publication, Multimedia, Cigar Aficionado, Wine Spectator, Drinking establishment

For the seventh consecutive year, Ole Smoky Distillery has been named an Impact Hot Brand by M. Shanken Communications , the leading publisher in the U.S. Wine & Spirits industry, which is known for publications such as Wine Spectator, Impact, Market Watch, Food Arts, and Cigar Aficionado.

Key Points: 
  • For the seventh consecutive year, Ole Smoky Distillery has been named an Impact Hot Brand by M. Shanken Communications , the leading publisher in the U.S. Wine & Spirits industry, which is known for publications such as Wine Spectator, Impact, Market Watch, Food Arts, and Cigar Aficionado.
  • “Securing the ‘Hot Brand’ award for the seventh consecutive year is a testament to our quality products, innovative approach, and the hard work and dedication of our team,” says Robert Hall, CEO of Ole Smoky Distillery.
  • We are honored to receive this award.”
    Founded in 2010, Ole Smoky is the first federally licensed moonshine distillery in East Tennessee and the No.
  • Today, Ole Smoky Moonshine and Whiskey can be found in all 50 states and over 20 countries around the world where liquor is sold.

AMCON Distributing Company Acquires Burklund Distributors, Inc.

Retrieved on: 
Friday, March 15, 2024
Other Consumer, Women, Seniors, Other Retail, Religion, Wine & Spirits, Pets, Tobacco, Men, LGBTQ+, Supermarket, Specialty, Convenience Store, Catalog, Family, Restaurant, Bar, Food, Beverage, Fashion, Consumer, Cosmetics, Retail, Office Products, Supply Chain Management, Online Retail, Discount, Variety, Teens, Department Stores, Parenting, Children, Baby, Maternity, Home Goods, Health, Foodservice distributor, Growth, Candy, News, Acquisition, Public expenditure, AMCON Distributing, Drink, Food delivery

AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based consumer products company is pleased to announce the acquisition of Burklund Distributors, Inc. (“Burklund”), of East Peoria, Illinois.

Key Points: 
  • AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based consumer products company is pleased to announce the acquisition of Burklund Distributors, Inc. (“Burklund”), of East Peoria, Illinois.
  • AMCON recognizes and will continue to support the community services of central Illinois that Burklund has a long tradition of sponsorship.”
    AMCON will continue to serve Burklund customers from Burklund’s East Peoria and Fairview Heights, Illinois distribution centers.
  • Our organization is excited about this transaction as together we will be able to add increased capabilities for Burklund customers,” said Jon Burklund, Chairman of Burklund.
  • Visit AMCON Distributing Company's web site at: www.amcon.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20240315861866/en/

Southern Glazer’s Wine & Spirits Promotes Mark Chaplin to Executive Vice President, Commercial Sales

Retrieved on: 
Friday, March 15, 2024
Retail, Restaurant, Bar, Food, Beverage, Wine & Spirits, Growth, Executive, Business administration, Merrill (company), Morgan Stanley Wealth Management, University, Senior, Master of Business Administration, Region, State, Management

Southern Glazer's Wine & Spirits (Southern Glazer's)—the world’s preeminent distributor of beverage alcohol—today announced that it has promoted Mark Chaplin to the role of Executive Vice President, Commercial Sales, effective March 15, 2024.

Key Points: 
  • Southern Glazer's Wine & Spirits (Southern Glazer's)—the world’s preeminent distributor of beverage alcohol—today announced that it has promoted Mark Chaplin to the role of Executive Vice President, Commercial Sales, effective March 15, 2024.
  • Chaplin will continue to help the supplier community prosper and will collaborate closely with them in his new role.
  • “With each role of increased responsibility at Southern Glazer’s, Mark has proven that he’s a best-in-class leader who drives positive change through his collaborative approach and rich industry expertise,” said Wittig.
  • Chaplin’s experience prior to Southern Glazer’s includes positions with Gallo Sales Company, Merrill Lynch, Grant Thornton, and Morgan Stanley Smith Barney.

Calling All Cannabis Enthusiasts! Cookies Baltimore Celebrates St. Patrick’s Day Weekend with the Inaugural COOKIES DAZE Celebration in Federal Hill

Retrieved on: 
Friday, March 15, 2024
Men, Entertainment, Other Retail, Online Retail, Cannabis, Events, Concerts, Wine & Spirits, Tobacco, Specialty, Consumer, Retail, Women, Alternative Medicine, Online, THC, Drug

Cookies Baltimore is offering a different take on this historically green holiday as it hosts its first COOKIES DAZE celebration.

Key Points: 
  • Cookies Baltimore is offering a different take on this historically green holiday as it hosts its first COOKIES DAZE celebration.
  • COOKIES DAZE is a cannabis celebration that offers the same glitz and glamor as a grand opening, but the dispensary has been serving marijuana enthusiasts since last summer.
  • Despite being open for less than a year, Cookies is quickly becoming Baltimore’s go-to recreational dispensary for seasoned cannabis connoisseurs and newcomers alike.
  • Whether you’re Irish or not, Cookies Baltimore will make your St. Patrick’s Day weekend a little greener.

The Distilled Barrels Financial Exchange (DBFEX) Completes Three Year AI Based Machine Learning Program

Retrieved on: 
Thursday, March 14, 2024
Technology, Finance, Fintech, Wine & Spirits, Other Technology, Professional Services, Blockchain, Retail, Artificial Intelligence, Trust, Machine learning, Algorithm, Ecosystem, Q2

Spirits Capital Corporation , a fintech company that merges technology with the premium American whiskey asset class, announced the technology behind its Q2 launch of the Distilled Barrel Financial Exchange (“DBFEX”) has completed a three year long AI based machine learning integration process.

Key Points: 
  • Spirits Capital Corporation , a fintech company that merges technology with the premium American whiskey asset class, announced the technology behind its Q2 launch of the Distilled Barrel Financial Exchange (“DBFEX”) has completed a three year long AI based machine learning integration process.
  • The DBFEX global marketplace is set to connect distillers, investors and brands in a transparent ecosystem never seen in the whiskey and spirits industry.
  • The platform will leverage AI in a way that analyzes the entire supply chain behind the manufacturing of every barrel of whiskey in real time.
  • Reza Hashemi, Chief Technology Officer, at Spirits Capital states, “By leveraging cutting-edge AI, we’re setting new standards of transparency and trust in the whiskey exchange market.

Altria to Significantly Enhance Cash Returns to Shareholders Through Expanded Share Repurchase Program in Connection with Pricing of Offering of Anheuser-Busch InBev Stock; Raises 2024 Full-Year Earnings Guidance

Retrieved on: 
Thursday, March 14, 2024
Tobacco, Retail, Wine & Spirits, Health, Uncertainty, Climate change, European Economic Area, Growth, Gross metropolitan product, Exercise, MSA, EPS, Risk, Accounting, Law enforcement, Food and Drug Administration, Climate, ASR, History, Sale, Acquisition, ANB, Private sector, ADS, AB InBev, Euronext, Artificial intelligence, Investment, Annual report, Heated tobacco product, NPM, GAAP, Vision, Income tax, Information, Pandemic, Privacy, Food, Share repurchase, Security (finance)

In connection with the pricing of the offering, we announce a $2.4 billion increase to our existing $1 billion share repurchase program.

Key Points: 
  • In connection with the pricing of the offering, we announce a $2.4 billion increase to our existing $1 billion share repurchase program.
  • Our Board of Directors (Board) has authorized the expanded program, which we expect to complete by December 31, 2024.
  • Share repurchases depend on marketplace conditions and other factors, and the program remains subject to the discretion of our Board.
  • As part of the expanded share repurchase program, we expect to enter into an estimated $2.4 billion accelerated share repurchase (ASR) program.

Altria Announces Intent to Sell a Portion of its Investment in Anheuser-Busch InBev

Retrieved on: 
Wednesday, March 13, 2024
Tobacco, Retail, Wine & Spirits, European Economic Area, Gross metropolitan product, Telephone, EDGAR, ABI, Sale, ANB, ADS, Risk, Euronext, Prospectus, Morgan Stanley, Broadridge Financial Solutions, Annual report, Varick Street, Beer, 2nd Floor, Security (finance)

In addition, ABI has agreed to repurchase $200 million of ordinary shares directly from Altria, concurrently with, and conditional on, completion of the offering.

Key Points: 
  • In addition, ABI has agreed to repurchase $200 million of ordinary shares directly from Altria, concurrently with, and conditional on, completion of the offering.
  • Altria, as the selling shareholder, is offering 35 million of ABI’s ordinary shares.
  • In addition, we have agreed to a 180-day lockup with the lead underwriter for our remaining ABI shares.
  • “Over the decades of our ownership, the beer investment has provided significant income and cash returns and supported our strong balance sheet.

Fintech Expands Retail Product Portfolio and Strengthens Position in Beverage Alcohol Market Through Asset Acquisition of iControl

Retrieved on: 
Wednesday, March 13, 2024
Software, Supply Chain Management, Mobile, Wireless, Internet, Professional Services, Wine & Spirits, Fintech, Data Management, Payments, Technology, Food, Beverage, Retail, UPC, POS, EDI, Priority seat, Universal Product Code, Sale, Acquisition, Information, Financial services

This acquisition broadens the adoption of Fintech’s flagship product, PaymentSource®, and expands the Company’s retail product portfolio.

Key Points: 
  • This acquisition broadens the adoption of Fintech’s flagship product, PaymentSource®, and expands the Company’s retail product portfolio.
  • With this acquisition, Fintech now serves over 240,000 alcohol-licensed hospitality and retail establishments through PaymentSource for alcohol invoice payment automation and data integration.
  • This represents over 1,100,000 business-to-business connections that depend on Fintech for seamless payment submission and collection technology associated with alcohol deliveries.
  • This acquisition also added to Fintech’s product portfolio, serving retailers and suppliers outside of alcohol, with scan-based trading software.