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ESDI to move its operations to improve manufacturing efficiencies and reduce manufacturing costs. Lower cost facilities will have an immediate positive impact on earnings.

02/14/2017
By Ian Gilson, PhD, CFA

OTCQB:ESDI

ESDI (OTCQB:ESDI) to move its operations to improve manufacturing efficiencies and reduce manufacturing costs. Lower cost facilities will have an immediate positive impact on earnings.

Eastside Distilling is in the process of negotiating a sublease in a new manufacturing facility. They are expecting to move in no later than the end of June, 2017. The new facility will be leased at a lower cost than the older warehouse.

The company has terminated the old lease at its MLK warehouse. This facility is in an old building that is not capable of taking some of the new equipment needed for increased production at a lower cost. A new bottling line will be installed in the new building and this may not have been permitted in the old warehouse.

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