XML 47 R9.htm IDEA: XBRL DOCUMENT v3.20.1
Description of Business
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Description of Business

1. Description of Business

 

Eastside Distilling was incorporated under the laws of Nevada in 2004 under the name of Eurocan Holdings, Ltd. In December 2014, we changed our corporate name to Eastside Distilling, Inc. to reflect our acquisition of Eastside Distilling, LLC. We manufacture, acquire, blend, bottle, import, export, market and sell a wide variety of alcoholic beverages under recognized brands. We employ 89 people in the United States.

 

Our brands span several alcoholic beverage categories, including bourbon, American whiskey, vodka, gin, rum, tequila and Ready-to-Drink (RTD). We sell our products on a wholesale basis to distributors, and until March 2020, we operated four retail tasting rooms in Portland, Oregon to market our brands directly to consumers.

 

  Principal Brands
Gin  
  Big Bottom The Ninety One Gin
  Big Bottom Navy Strength
  Big Bottom Barrel Finished Gin
  Big Bottom London Dry Gin
   
Rum  
  Hue-Hue Coffee Rum
   
Tequila
  Azuñia Blanco Organic Tequila
  Azuñia Reposado Organic Tequila
  Azuñia Añejo Tequila
  Azuñia Black, 2-Year, Extra-Aged, Private Reserve Añejo Tequila
   
Vodka  
  Portland Potato Vodka
  Portland Potato Vodka - Marionberry
  Portland Potato Vodka - Habanero
   
Whiskey  
  Redneck Riviera Whiskey
  Redneck Riviera Whiskey - Granny Rich Reserve
  Burnside Oregon Oaked Rye Whiskey
  Burnside West End Blend Whiskey
  Burnside Goose Hollow Bourbon
  Burnside Oregon Oaked Bourbon
  Burnside Buckman RSV 10 Year Bourbon
  Marionberry Whiskey
  Big Bottom Barlow Whiskey
  Big Bottom Barlow Port Whiskey
  Big Bottom Delta Rye

 

  Big Bottom American Single Malt
  Big Bottom Zin Cask Bourbon
  Barrel Hitch American Whiskey
   
Special  
  Advocaat Holiday Egg Nog
   
Ready-to-Drink
  Redneck Riviera Howdy Dew!
  Portland Mule - Original
  Portland Mule - Marionberry

 

Operating as a small business in a large, international spirits marketplace occupied by large multi-national conglomerates, we seek to utilize our size and our public company stature to our advantage and position Eastside Distilling as a leading tier 2 spirits provider by acquiring and developing brands, growing them to a national presence and positioning them for sale to the tier 1 suppliers to the market. This strategy was demonstrated by the launch of our Redneck Riviera Brand (RRW) in conjunction with our branding partners, Sandstrom Partners in 2018. This demonstrated how our team can leverage its position to launch nascent or new brands and grow them more quickly than the tier 1 larger conglomerates because we are able to focus and dedicate more of our attention to developing innovative products. Our RRW brand went from idea, to market roll-out in less than nine months and achieved national distribution in 49 states in 18 months. In September 2019, we acquired the Azuñia tequila brand and have begun to distribute this brand through our national platform.

 

In May 2017, we used our shares to acquire 90% of Big Bottom Distilling, LLC (“BBD”), known for its award-winning, super-premium gins and whiskeys, and American Single Malt Whiskey. BBD’s super-premium spirits give us a presence at the “ultra-premium segment” of the market. In December 2018, we acquired the remaining 10% of BBD. In September 2019, we also acquired the high-end, luxury tequila brand, Azuñia, to complement our portfolio and provide us with a larger established brand in the high-growth tequila category. In addition, through MotherLode Craft Distillery (“MotherLode”), our wholly-owned subsidiary acquired in March 2017 and Craft Canning + Bottling, LLC (formerly known as Craft Canning, LLC) (“Craft Canning”), which we acquired in January 2019, we provide contract bottling, canning, and packaging services for existing and emerging beer, wine and spirits producers. We have used our mobile canning operations to profit from the rapid growth in the canned beverages industry (beer, wine, spirit-based RTD’s).