Heritage Distilling Co. Announces Sell Out of First Run of 80th Anniversary of the Battle of Iwo Jima Bourbon; Announces Passing $200,000 Raised for Military Charities
February 19 2025 - 7:30AM
Heritage Distilling Company, Inc. ("HDC" or "Heritage" or the
“Company”) (Nasdaq: CASK), a leading craft distiller of innovative
premium brands, announced that in response to its initial release
of 2,200 bottles of its Salute Series: “Battle of Iwo Jima: 80th
Anniversary Edition” in partnership with the Marine Raider
Foundation (MRF), it will be releasing one final batch of
2,000 bottles commemorating the battle, which took place over five
weeks between February 19, 1944 and March 26, 1944.
“The response to our initial release of 2,200 bottles of this
80th Anniversary bourbon commemorating the Battle of Iwo Jima was
greater than we anticipated, selling out in a matter of a few
weeks. Given the response and request for more, we’ve elected to
complete one final run of bottles to service the expressed requests
for our customers,” said Sara Kellerman, military veteran,
co-founder and vice president of Heritage Distilling Company’s
Salute Series line of spirits.
In just the first three weeks of sales from the initial bottling
run, the product generated nearly $200,000 in retail sales value
and nearly $20,000 in donations for the Marine Raider Foundation to
support their mission of addressing unmet needs, building
resiliency and preserving the legacy of Raiders, past and
present.
“This latest release under our Salute Series line of products
shows we are able to create compelling products that resonate with
active duty and retired military and first responder communities,”
said Justin Stiefel, CEO and co-founder of Heritage Distilling.
“The margins on this product line are industry leading, led by our
direct-to-consumer route to market, followed by the increasing
demand we are seeing from the wholesale distribution channel as
word of the product grows. This approach allows us to direct a
significant portion of the sales to carefully vetted non-profit
charities who do great work every day to support our active duty
and retired military and first responders and their families.”
The Salute Series is the first-of-its-kind spirits line branded
and marketed for the people on the front lines, those who have
retired from previous service and their families. The Salute Series
brand stands as its own full line of premium whiskies and bourbons
in the broader HDC portfolio, and is the fastest growing piece of
the Company’s volume and revenue. Each label is geared towards
specific operators in the military and first responder community,
allowing those who have been on the ground, or worn specific badges
or insignias, to claim as their own the product that speaks the
most to them and tells their story. Each bottle sold raises money
for non-profit charities supporting the military and first
responder communities. Since the launch of the Salute Series, more
than $200,000 has been raised for these worthy charities under
HDC’s program.
The latest 80th Anniversary of Iwo Jima bottle hints at the
iconic Pulitzer Prize-winning image of the American flag on Mount
Suribachi, a symbol of American resilience and determination, while
focusing on the intensity of the warriors who were on the ground
executing the mission.
Exclusive features of the “Iwo Jima: 80th Anniversary Edition”
include:
- Bottled at “Howitzer strength,” this 105-proof straight bourbon
whiskey has been aged for 5 years, offering a bold and robust
flavor profile.
- The label features exclusive art by Michael Solovey, whose work
helps bring the Salute Series to life. The design reflects the
black volcanic ash that covers Iwo Jima, tying the whiskey to the
battle’s historical context.
- Customers who purchase two bottles will receive a frameable
lithograph by Michael Solovey titled “GUNG HO,” inspired by
the iconic flag-raising and designed to honor the Marine Corps'
enduring spirit.
For more information and to purchase Heritage’s award-winning
spirits, visit heritagedistilling.com.
About Heritage Distilling Company, Inc.Heritage
is among the premier independent craft distilleries in the United
States offering a variety of whiskeys, vodkas, gins, rums and
ready-to-drink canned cocktails. Heritage has been North America's
most awarded craft distillery by the American Distilling Institute
for ten consecutive years out of the more than 2,600 craft
producers. Beyond this remarkable achievement, Heritage has also
garnered numerous Best of Class, Double Gold, and Gold medals at
esteemed national and international spirits competitions. As one of
the largest craft spirits producers on the West Coast by revenue,
the company is expanding its presence nationwide through a diverse
range of sales channels, including wholesale, on-premises venues,
e-commerce and the innovative Tribal Beverage Network (TBN). The
TBN initiative, a groundbreaking collaboration with Native American
tribes, focuses on developing Heritage-branded distilleries, unique
tribal brands and tasting rooms tailored to tribal communities. By
serving patrons of tribal casinos and entertainment venues, the TBN
creates meaningful economic and social benefits for participating
tribes, while providing an additional avenue for tribes to exercise
and strengthen their sovereignty. This unique partnership reflects
Heritage’s commitment to innovation, community engagement and
sustainable growth.
Forward-Looking StatementsThis press release
contains forward-looking statements, including statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements may be identified
by words such as "aims," "anticipates," "believes," "could,"
"estimates," "expects," "forecasts," "goal," "intends," "may,"
"plans," "possible," "potential," "seeks," "will," and variations
of these words or similar expressions that are intended to identify
forward-looking statements. Any such statements in this press
release that are not statements of historical fact may be deemed to
be forward-looking statements. These forward-looking statements
include, without limitation, statements regarding anticipated
results or benefits anticipated from Heritage’s new product launch
and the implications that may come from it.
Any forward-looking statements in this press release are based
on Heritage’s current expectations, estimates and projections only
as of the date of this release and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially and adversely from those set forth in or implied by such
forward-looking statements. These risks and uncertainties include,
but are not limited to, the risks of expanding sales and revenue
due to the introduction of new products or the announcement of new
partnerships that would be expected to result therefrom. These and
other risks concerning Heritage’s programs and operations are
described in additional detail in its registration statement on
Form S-1, and its quarterly 10-Q filings, which are on file with
the SEC. Heritage explicitly disclaims any obligation to update any
forward-looking statements except to the extent required by
law.
Contacts: |
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Investors |
Media |
Scott Eckstein |
Francesca DeMauro |
heritage@ksca.com |
heritage@ksca.com |
(212) 896 1210 |
(917) 880 9771 |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8e8f0a65-eced-4ef8-bbbb-9d1272253527.
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