Brief: Eastside Distilling Announces Positive Business And Financial Updates

Beeline Holdings

13/06/2023 21:58

June 13 (Reuters) - Eastside Distilling Inc  EAST.O :
    * EASTSIDE DISTILLING, INC. ANNOUNCES POSITIVE BUSINESS AND
FINANCIAL UPDATES
    * EASTSIDE DISTILLING- SIGNED NON-BINDING TERM SHEET WITH
KEY
FIRST, SECOND LIEN DEBT HOLDERS THAT WILL CONVERT  PORTION OF
OUTSTANDING DEBT TO EQUITY
    * EASTSIDE DISTILLING INC- RECONFIRM ITS Q2 GUIDANCE OF
POSITIVE
EBITDA FOR ITS CRAFT DIVISION
    * EASTSIDE DISTILLING INC- UPDATING Q2 GUIDANCE TO STATE
THAT ITS
SPIRITS DIVISION IS PERFORMING BETTER THAN INTERNAL PROFIT PLANS

Source text for Eikon:  ID:nPn2hWrgra 
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