Ever since control of Flashfunders was migrated to Boustead Securities the platform has been rather quite in the crowdfunding space. An early FINRA approved Reg CF portal, Flashfunders helped Adomani become the first Reg A+ issuer to crowdfund and then successfully trade shares on NASDAQ. Following that notable event, things slowed down but this week we saw the first Reg CF offer filed prepping to list on FlashFunders.
The group acquired Triumph Cellars earlier this year and management intends on putting some polish on things and then, perhaps, selling the company in 5 to 7 years. The goal is to improve production costs while incorporating the skills of an award winning winemaker. Expectations are to boost production from 3500 to 14,900 cases a year. By year five, the company expects annual production to be even higher than that. Perhaps as high as 40,000 cases each year.
Current rack price of their wines start at $20 and go as high as $90 per bottle. Triumph Wine Group currently produces five different wines under the brand Triumph Cellars.
Triumph Wine Group was formed in 2016 to acquire Calistoga Cellars and the Triumph Cellars brand names. Calistoga used to be a pretty prominent label in Napa and the company plans on re-launching the Calistoga Cellars brand Cabernet Sauvignon following the offering.
This offer is not yet live on FlashFunders but should post soon. If you ever were interested in owning part of a winery this may be for you.
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