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Scheid Family Wines Announces Sale of Three Vineyard Properties News provided by Share this article Share this article SALINAS, Calif., April 2, 2021 /PRNewswire/ Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today that it sold three of its vineyard parcels for $33,000,000 in consideration, which includes the buyer assuming $20,000,000 of the Company s debt that was secured by the properties.  The disposition of these parcels, which comprise 1,193 acres of leased and owned vineyards, is part of Scheid Family Wines overall strategy to better align its asset holdings and debt with its growing premium bottled wine business. Mr. Scott Scheid, President and CEO of the Company, stated, We are pleased to complete this transaction and continue to focus our attention and resources on the growth of our branded goods portfolio, which includes our recently launched entrant in the trending better for you category,

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