- Eastside Distilling is undergoing a transformation phase for its canning & spirits business under the new management team led by CEO Paul Block.
- Craft Canning + Bottling is a fast-growing business with strong tailwinds that is primed to perform M&A acquisitions in the coming few months.
- The temporary decline of the Spirits segment is not well understood because of its current transformation and price improvements.
- Using sum-of-parts valuation, we estimate the business to be worth ~$3.72 for FY2021 excluding potential canning M&A and spirits growth upside.
For further details see:
Eastside Distilling: A Hidden And Misunderstood Gem