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Heritage Distilling Holding's Unit To Shut Down 5 Company-Owned Tasting Rooms In Washington And Oregon, Switch Spirits Production To Third Parties, Effective Dec. 31

Benzinga·10/23/2025 12:35:54
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Heritage Distilling Company, Inc. ("Heritage Distilling"), the wholly owned subsidiary of Heritage Distilling Holding Company, Inc. d/b/a IP Strategy (HDC or the Company) (Nasdaq: IPST), one of the nation's most awarded independent craft distilleries, today announced a significant restructuring of its operations, including the closure of all company-owned tasting rooms and a transition of spirits production to third-party partners effective December 31, 2025.

The decision follows an extensive strategic review by Company leadership, the board of directors, and advisors in response to shifting market dynamics, financial realities affecting the alcoholic beverage industry and a challenging tax and regulatory environment in Washington and Oregon.