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Eastside Distilling Reports Second Quarter 2021 Financial Results
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Eastside Distilling, Inc Releases Its 3-Year Strategic Plan
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A Complete List Of NYSE And NASDAQ-Listed Cannabis Companies (Updated)
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A Complete List Of NYSE And NASDAQ-Listed Cannabis Companies (Updated)
As the cannabis industry keeps pushing forward, more companies are moving to list their stock on a major U.S. exchange like the NYSE or NASDAQ. The club, however, remains relatively small.
Given the federal uncertainty that still surrounds cannabis in America and in most of the world, few cannabis companies choose the path of a public listing in order to raise funds and even fewer among them are pure-play marijuana stocks.
Listing Vs. Other Funding Sources
Listing a stock allows enables fundraising from a larger pool of investors. At the same time, a publicly-traded stock can be volatile, and even more so in an emerging sector like cannabis.
Eastside Distilling Reports First Quarter 2021 Financial Results
Company to Host Conference Call at 5:00pm ET Today
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PORTLAND, Ore., May 13, 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 first quarter 2021 financial results for the period ended March 31, 2021.
First Quarter 2021 Highlights:
Fully diluted EPS of $0.31
Executed on improvements in structural cost reduction to operating expenses
Significantly improved liquidity while refinancing near-term maturities The results for the first quarter reflect continued operating improvement of the Company as we continue to build a sustainable growth strategy that capitalizes on the fast-growing craft spirits and canning businesses. All metr