Description of Business

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Description of Business

1. Description of Business

We are an Oregon-based producer and marketer of craft spirits, founded in 2008. Our products span several alcoholic beverage categories, including bourbon, American whiskey, vodka, gin, rum and tequila. We currently sell our products in 46 states as well as Ontario, Canada. We also generate revenue from tastings, tasting room tours, private parties, and merchandise sales from our facilities in Oregon. In addition, we bottle, can and package alcoholic beverages for others. The Company is subject to the Oregon Liquor Control Commission (“OLCC”) and the Alcohol and Tobacco Tax and Trade Bureau (“TTB”).

In May 2017, we used our shares to acquire 90% of Big Bottom Distillery, LLC (“BBD”), known for its award-winning, super-premium gins and whiskeys, including The Ninety One Gin, Navy Strength Gin, Oregon Gin, Delta Rye and American Single Malt Whiskey. In December 2018, we acquired the remaining 10% of BBD. In addition, we also provide contract bottling, canning, and packaging services for existing and emerging beer, wine, spirits and non-alcoholic beverage producers through MotherLode Craft Distillery (“MotherLode”), our wholly-owned subsidiary acquired in March 2017, and Craft Canning + Bottling, LLC (formerly known as Craft Canning, LLC prior to the acquisition) (“Craft Canning”) acquired on January 11, 2019. On September 12, 2019, we acquired substantially all of the assets of Intersect Beverage, LLC, an importer and distributor of tequila and related products under the brand name “Azuñia”.