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0 0 0.00504065040650405 -0.0720325203252033 -0.0720325203252033 -0.0682926829268293 -0.0486178861788618 -0.0369105691056911
Stock impact report

Heritage Distilling Announces Strategic Transition of Alcohol Business to Reduce Expenses and Become Asset Light

Heritage Distilling Holding Company, Inc. (IPST) 
Company Research Source: Business Wire
Heritage Distilling announces strategic transition: closure of craft spirits tasting rooms and shift to contract production5 retail tasting rooms in Washington and Oregon to close on December 31, 2025Company will focus on maintaining its higher margin Direct-to-Consumer channel, growing wholesale volumes and adding Tribal Beverage Network locations in partnership with Native American tribes in and near their casinosStrategic move expected to reduce ongoing operating expenses by more than $5 million on a full year basis and accelerate profitability in the Company’s craft spirits segment GIG HARBOR, Wash.--(BUSINESS WIRE)--Heritage Distilling Company, Inc. (“Heritage Distilling”), the wholly owned subsidiary of Heritage Distilling Holding Company, Inc. d/b/a IP Strategy (HDC or the Company) (Nasdaq: IPST), one of the nation’s most awarded independent craft distilleries, today announced a significant restructuring of its operations, including the closure of all company-owned tasting r Show less Read more
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