Brief: Eastside Distilling, Inc. Announces Letter Of Intent To Divest Its Redneck Riviera Spirits Business

Beeline Holdings

29/10/2020 22:02

Oct 29 (Reuters) - Eastside Distilling Inc  EAST.O :
    * EASTSIDE DISTILLING, INC. ANNOUNCES LETTER OF INTENT TO
DIVEST
ITS REDNECK RIVIERA SPIRITS® BUSINESS, GIVES PRELIMINARY
GUIDANCE FOR THIRD QUARTER RESULTS AND KEY STRATEGIC OBJECTIVES
FOR SUSTAINABLE GROWTH GOING FORWARD
    * SEES Q3 REVENUE $4.5 MILLION TO $5.0 MILLION
    * CONTINUES TO BELIEVE IT WILL MAKE MORE IMPROVEMENTS IN
EBITDA IN
Q4
    * EASTSIDE DISTILLING - TERMINATE AMENDED LICENSE AGREEMENT
WITH
RICH MARKS LLC, JOHN D RICH TISA TRUST, TO SELL CERTAIN ASSETS
TO REDNECK SPIRITS GROUP

Source text for Eikon:  ID:nPnbFnhN9a 
Further company coverage:  EAST.O 

 ((Reuters.Briefs@thomsonreuters.com;))