Eastside Distilling Stock News

Q3 2021 was a disappointment due to the softness in Craft Canning. Despite a 32% drop in sales, Eastside Distilling's losses are narrowing.

PORTLAND, Ore. , Nov. 15, 2021 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST ) (" Eastside " or the "Company"), a consumer-focused beverage company that builds craft inspired experiential brands and high-quality artisan products around premium spirits and ready-to-drink ("RTD") craft cocktails, reported third quarter 2021 financial results for the period ended September 30, 2021 . Third Quarter 2021 Highlights: Raised $4.3 million of cash during the quarter and $4.0 million subsequent to quarter-end; the proceeds will primarily be used to fund the 3-year growth initiatives Improved spirits gross profit over 50% despite challenging business environment Significant reduction in year over year operating costs and improved year over year EBITDA performance Signed a non-binding term sheet with a lending group for a 3 year $9.6 million ABL facility which is expected to close in December "The Company continues to improve on the most important critical measures like current ratio, net income, liquidity, shareholder equity, cash balance, debt maturity, spirits gross margin, operating expense, material sourcing, product pricing and cash balance.

Eastside Distilling Inc. (EAST) CEO Paul Block on Q3 2021 Results - Earnings Call Transcript

PORTLAND, Ore., Aug. 13, 2021 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company"), a consumer-focused beverage company that builds craft inspired experiential brands

Eastside Distilling's (EAST) CEO Paul Block on Q2 2021 Results - Earnings Call Transcript

PORTLAND, Ore., Aug. 12, 2021 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company"), a consumer-focused beverage company that builds craft inspired experiential brands

Eastside Distilling is undergoing a transformation phase for its canning & spirits business under the new management team led by CEO Paul Block. Craft Canning + Bottling is a fast-growing business wit

PORTLAND, Ore., July 14, 2021 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company") will report its second quarter 2021 financial results after the market close on Thu

Marijuana legalization is a hot topic & some penny stocks are benefiting in 2021. The post Best Penny Stocks To Buy Before Marijuana Legalization?

PORTLAND, Ore., June 2, 2021 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the Company"), a consumer-focused beverage company, today announced its partnership with American

Eastside Distilling's (EAST) CEO Paul Block on Q1 2021 Results - Earnings Call Transcript

PORTLAND, Ore., May 5, 2021 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company") will report its first quarter 2021 financial results after the market close on Thurs

The company is well-positioned for a head-start with new executives, divestiture of unprofitable brands, and reduction of overhead expenses.

The stock price of Eastside Distilling Inc (NASDAQ: EAST) increased by over 30% during intraday trading. This is why it happened.

PORTLAND, Ore., April 20, 2021 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company"), a consumer-focused beverage company that builds craft inspired experiential brand