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EAST: Eastside Distilling goes commercial with CBD based drinks

06/10/2019
By Ian Gilson, PhD, CFA

NASDAQ:EAST

READ THE FULL EAST RESEARCH REPORT

On June 7, 2019 Eastside Distilling (NASDAQ:EAST) announced that it has signed an agreement with Point Blank Distributing in Oregon for the distribution of Eastside's Outlandish CBD containing drinks.

This follows an encouraging response to the initial sampling of the seltzer based drink within Oregon, where hemp based products were legalized in 2014.

Point Blank Distributing is a well known distributer of craft beers and both carbonated and non-carbonated soft drinks as well as health drinks. Outlandish LLC makes no claims to any health benefits for CBD products. The FDA is currently holding public meetings regarding the use of CBD in food products.

The CBD drink segment is perceived to be the fastest growing sector in the beverage industry, with a growth rate of over 100% from 2018 to 2020.

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