Eastside Distilling(EAST)

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Eastside Distilling, Inc. Provides Update on its Merger with Beeline Financial Holdings, Inc.
Prnewswire· 2024-11-06 22:22
Beeline is well-positioned with its AI platform in an improving mortgage market Beeline is addressing the Mortgage Needs of 100M Millennials and Gen Z PORTLAND, Ore. and PROVIDENCE, R.I., Nov. 6, 2024 /PRNewswire/ -- Eastside Distilling, Inc. ("Eastside") (Nasdaq: EAST) today announced that the recent merger between Eastside Distilling and Beeline is proving to be beneficial for both companies. For Eastside, its shareholders are now also invested in an emerging AI-driven mortgage platform designed for rapid ...
Eastside Distilling, Inc. to Report 2024 Third Quarter Results on Thursday, November 14, 2024
Prnewswire· 2024-11-05 23:12
PORTLAND, Ore. and PROVIDENCE, R.I., Nov. 5, 2024 /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 a recently acquired pioneering mortgage technology company that operates an end-to-end, all-digital, AI-enhanced platform for homeowners and property investors will report its third quarter financial results after the market close ...
VINFAST OFFICIALLY LAUNCHES IN THE MIDDLE EAST
Prnewswire· 2024-10-29 17:41
DUBAI, UAE, Oct. 29, 2024 /PRNewswire/ -- At Bluewaters Island (Dubai), VinFast Auto held the official brand launch event in the Middle Eastern market, showcasing a variety of smart and green mobility solutions. This event marks a significant milestone in VinFast's global expansion strategy and reinforces its commitment to providing sustainable and green transportation solutions in the region. VF 8 to be launched in the Middle East VF 8 to be launched in the Middle East Mr. Ta Xuan Hien, VinFast Middle East ...
Eastside Distilling, Inc. Announces Closing of its Merger with AI Powered Beeline Financial Holdings, Inc.
Prnewswire· 2024-10-10 12:00
Accelerated closing timeline underscores significant market opportunity for Beeline in connection with anticipated additional Fed rate cuts and increasing mortgage application volumes Simultaneously completes previously announced debt for equity exchange to strengthen balance sheet and sale of Craft Canning + Printing Well-known mortgage industry veterans to join Company's Board of Directors PORTLAND, Ore. and PROVIDENCE, R.I., Oct. 10, 2024 /PRNewswire/ -- Eastside Distilling, Inc. ("Eastside") (Nasdaq: EA ...
Eastside Distilling, Inc. to Merge with Beeline Financial Holdings Inc., Marking Strategic Expansion into FinTech Mortgage Services
Prnewswire· 2024-09-04 23:45
Transaction Overview - Eastside Distilling Inc (Nasdaq: EAST) has signed a Merger Agreement with Beeline Financial Holdings Inc, a privately-held mortgage technology company [2] - The merger aligns with Eastside's mission to maximize value for stakeholders and achieve growth across multiple sectors [2] - Eastside will issue Beeline shareholders a combination of common and preferred stock as merger consideration [4] Strategic Benefits - Eastside gains access to Beeline's proprietary AI-driven B2C sales tools, enhancing its position in digital mortgage services [5] - Beeline benefits from liquidity for shareholders and growth opportunities in public markets amid favorable real estate financing conditions [5] - The partnership allows Eastside to grow its legacy craft spirits business while entering the mortgage origination and technology sector [1][4] Financial Restructuring - Eastside executed a debt-for-equity exchange and asset sale of Craft Canning + Digital Printing to private investors, eliminating all debt from its balance sheet [3] - The transaction provides Craft with additional growth capital to expand its digital printing business in the Pacific Northwest [3] Industry Impact - Beeline's AI-enhanced platform targets Millennials and Gen Z borrowers, aiming to transform mortgage origination with a cloud-based, go-to-market strategy [6] - The merger positions Eastside as a leader in digital mortgage services, leveraging Beeline's innovative technology [4][5] Company Background - Eastside Distilling Inc is a producer of award-winning craft spirits, including whiskey, vodka, and rum, based in Portland, Oregon [7] - Beeline Financial Holdings Inc is a technology-driven mortgage lender offering a fully digital, AI-enhanced platform, headquartered in Providence, RI [8]
VIZSLA SILVER PROVIDES EXPLORATION UPDATE ON PANUCO PROJECT: OUTLINES 10KM DRILL PROGRAM TO TEST NEW TARGETS IN THE EAST AREA
Prnewswire· 2024-08-21 10:00
NYSE: VZLA TSX-V: VZLA VANCOUVER, BC, Aug. 21, 2024 /PRNewswire/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to provide an update on resource expansion potential and outline its exploration plans to test high priority targets in the central and east areas of its flagship Panuco silver-gold district (the "Property" or "Panuco") as well as other greenfield prospects located in Sinaloa, Mexico. Figure 1: Plan map of the Panuco property highlighting pr ...
Eastside Distilling, Inc. (EAST) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2024-08-14 22:50
Eastside Distilling, Inc. (EAST) came out with a quarterly loss of $0.87 per share versus the Zacks Consensus Estimate of a loss of $0.82. This compares to loss of $1.96 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -6.10%. A quarter ago, it was expected that this company would post a loss of $0.62 per share when it actually produced a loss of $0.78, delivering a surprise of -25.81%. Over the last four quarters, the company ...
Eastside Distilling(EAST) - 2024 Q2 - Earnings Call Transcript
2024-08-14 22:45
Eastside Distilling, Inc. (NASDAQ:EAST) Q2 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Tiffany Milton - Controller Geoffrey Gwin - CEO Conference Call Participants Operator Good day, and welcome to the Eastside Distilling Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] Please note, today's event is being recorded. I would now like to turn the conference over to Tiffany Milton, Controller. Please go ahead. Thank you. Tiffany Milton Thank you. G ...
Eastside Distilling(EAST) - 2024 Q2 - Quarterly Report
2024-08-14 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _________________ Commission File No.: 001-38182 EASTSIDE DISTILLING, INC. (Exact name of registrant as specified in its charter) Nevada 20-3937596 (State ...
Eastside Distilling Reports Second Quarter 2024 Financial Results
Prnewswire· 2024-08-14 20:15
Company to Host Conference Call at 5:00 pm ET Wednesday August 14, 2024 PORTLAND, Ore., Aug. 14, 2024 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company"), a consumer-focused beverage company that builds craft inspired experiential brands and highquality artisanal products around premium spirits, digital can printing, co-packing and mobile filling, reported second quarter financial results for the period ended June 30, 2024. Second Quarter 2024 Highlights: Craft digitally p ...