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EAST: MotherLode opening up a new market with Dear Mom Wine Co.

03/08/2018
By Ian Gilson, PhD, CFA

NASDAQ:EAST

Eastside Distilling (NASDAQ:EAST) has announced that its MotherLode subsidiary (acquired in March 2017) and Dear Mom Wine Co., a Portland based producer of premium wines, have agreed that MotherLode will produce canned versions of all Dear Mom's wines in 1Q18.
 
Dear Mom Wines is a fast growing producer of red, rose', white and sparkling wines for the Oregon and Washington State markets. Overall the canned wine market has grown at 100% over the last three years. Dear Mom Wines produced 6,000 cases in 2017, its first year of sales, and expects to sell 16,000 cases in 2018.

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