10 Best Whiskey and Alcohol Stocks to Buy in 2021
The year 2020 has been transformational for the whiskey and alcohol industry. Due to the lockdown restrictions put in place to contain the COVID-19 pandemic, bars and restaurants, traditionally the go-to places for consumption of alcohol, were shut down. As a result, the home consumption of beverages increased, and in order to survive the hit in sales, many firms turned their attention to online marketing. According to research by the International Wines and Spirits Record, 44% of alcohol consumers on the internet only started buying alcohol online in 2020.
The investments made in ecommerce are likely to remain critical drivers of growth for beverage makers well into 2021. For example, Diageo plc (NYSE: DEO), one of the largest beverage firms in the world, was able to continue with a policy of increasing the annual dividend payment for shareholders because online sales helped the company weather the impact of the coronavirus crisi
A Complete List Of NYSE And NASDAQ-Listed Cannabis Companies
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 to Report First Quarter 2021 Financial Results on Thursday, May 13, 2021
Financial results to be released after market close; Conference call to be conducted at 5:00pm ET
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Eastside Distilling, Inc. (NASDAQ: EAST)
( Eastside or the Company ) will report its first quarter 2021 financial results after the market close on Thursday, May 13, 2021. The Company will host a conference call that same day, Thursday, May 13, at 5:00pm ET to review the results.
First Quarter 2021 Conference Call Details
Date and Time: Thursday, May 13, 2021 at 5:00pm ET
Call-in Information: Interested parties can access the conference call by dialing (844) 889-4332 or (412) 717-9595.
Eastside Distilling Announces $3 3 Million Private Placement bevnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bevnet.com Daily Mail and Mail on Sunday newspapers.
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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 brands and high-quality artisan products around premium spirits and ready-to-drink RTD craft cocktails, today announced that it has closed a private placement offering with Bigger Capital Fund, LP and District 2 Capital Fund LP.
The Company has entered into a definitive agreement with Bigger Capital Fund, LP and District 2 Capital Fund LP (the Subscribers ) to offer and sell to the Subscribers up to $3,300,000 in aggregate principal amount of secured convertible promissory notes of the Company (the Notes ), which Notes are convertible into shares of the Company s Common Stock, par value $0.0001 per share, pursuant to the terms and conditions set forth in the Notes with an initial conversion price of $2.20, a 39% premium to the last closing price of