New Channel for Selling Bourbon May Assist Young Distilleries

Drizly's Top 5 Mexican-Owned Tequila Brands

Volume 336 | July 2, 2021 New Channel for Selling Bourbon May Assist Young Distilleries CaskX, an investment firm that specializes in alternative investments, has begun purchasing un-aged barrels of bourbon and selling them to investors. This new sales model could provide a lifeline to young distilleries, which often have to wait years for their bourbon to age before making sales. CaskX has already purchased about 1,000 barrels of un-aged bourbon and is looking to add 5,000 to 10,000 more within the next year. The company expects that a barrel will double in value every four years, according to CEO Jeremy Kasler. "It’s nice to have repeat customers," said Stephen Thompson, founder of Kentucky Artisan Distillery. "I think it’s a good opportunity for some of the smaller distilleries." Further reading: Biz Journals INDUSTRY NEWS Drizly’s Top 5 Mexican-Owned Tequila Brands Source: BevAlc Insights It’s Time To Let The US Postal Service Ship Alcoholic Beverages Source: Forbes In Some States, the Boon of To-Go Cocktails Is Going, Going, Gone Source: Eater Op-Ed: Have Private Barrel Picks Jumped the Shark? Source: The Bourbon Review Bottled Ready-To-Drink Aperol Spritz Cocktails Hitting Select States Soon Source: VinePair PRESS RELEASES Tropical Distillers To Open Brand New Distillery & Premium Brand Experience Source: BevNET Post Malone And Jägermeister Team Up For “Night Lights” Source: Spirited Zine TRENDING THIS WEEK A Roundup of All the Mergers & Acquisitions in 2021 So Far Source: Park Street 5 Google Ads Extensions You're Underutilizing Source: Park Street How Small Label Changes Can Spike or Sink Wine Sales Source: Liquor.com The 2021 Growth Brands Hall of Famers Source: Beverage Dynamics More Resources From Park Street University  Video Library Park Street Insider Podcast 2021 Event Schedule Interested in participating in Park Street University? Get in touch at psu@parkstreet.com Click Below to Join our Park Street Insider News Mailing List SUBSCRIBE NOW CONNECT WITH US ‌ ‌ ‌ ‌ ‌ Want to learn more about Park Street's services? Request a consultation Park Street's mobile app is available for download on both iOS and Android platforms.

Park Street | 1000 Brickell Ave, Suite 915, +1 (305) 967 7440 , Miami, FL 33131 +1 (305) 967 7440 Unsubscribe nachosrssfeedsblog.wine@blogger.com Update Profile | Constant Contact Data Notice Sent by psu@parkstreet.com