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Bankruptcy Court approves sale of Sullivan Vineyards & Winery to VITE USA

Photo credit: Sullivan Vineyards web site VITE USA ‘s purchase of Sullivan Vineyards & Winery  was approved December 11 by the U.S. Bankruptcy Court for the Northern District of California. VITE USA is a Sausalito, California corporation founded by technology entrepreneur and CEO Juan Pablo Torres-Padilla along with what his news release termed “a small […]

Sullivan Vineyards has continued to lose money as winery and vineyard sale looms

Sullivan Vineyards has continued to lose money as revenues and profits again fall below projections, according to the most recent operating reports filed with the U.S. Bankruptcy Court for the Northern District of Santa Rosa.   According to the reports, it it has lost $500,531 since filing its chapter 11 petition on Feb. 1, 2017. […]

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$100 Million NIH moderate alcohol consumption study funded by beer and spirits companies offers critics numerous serious flaws to exploit

This is a redacted version of a Wine Executive News premium article.   A massive outpouring of emails has convinced us that the subject matter is one of public interest and should be widely and freely available.   We have redacted approximately 30% of the original article still behind the paywall so as not penalize […]

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14 Reasons the new NIH/industry-funded moderate alcohol & health study could be a $100 Million CREDIBILITY flop

EDITORIAL: Alcohol science versus public credibility: Why MACH15 must correct its protocol in order to be worthwhile   The new $100-million-dollar, government/industry-funded study on moderate alcohol consumption — first reported on by Wine Industry Insight almost three years ago and expanded upon this year by the NY Times — could set a record as one […]

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Calif Wine Grape Value Is Half a Billion Dollars Higher Than Crush Estimates

The has been under reported because the official crush report does not include grapes retained by growers to make their own wine according to True Value of California Wine Grapes, in the most recent issue of ARE Update published by the University of California Giannini Foundation of Agricultural Economics.   The study by researchers Olena […]

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Bankruptcy Court to Formally Consider Sullivan Vineyards Sale on Dec. 11

A formal hearing on a proposal to sell Sullivan Vineyards will be held at 10:30 a.m. Dec. 11 in the Santa Rosa courtroom U.S. Bankruptcy Court for the Northern District of California. The hearing follows an oral discussion during a hearing on Oct. 30, (previously reported by Wine Industry Insight) at which the Bankruptcy Trustee […]

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Global tech entrepreneur emerges as white knight to end bitter Sullivan Vineyards bankruptcy

A globally successful technology executive entrepreneur has emerged as a white knight who is expected to make an 8-figure, all-cash offer to settle the bitter and contentious bankruptcy of Sullivan Vineyards by buying the winery and vineyards for an amount sufficient to reimburse all creditors and still leave some equity for the Sullivan family, according […]

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Jeffry Hill plea deal may actually be happening (again) — One year after his arrest

All sides have been silent and non-responsive to Wine Industry Insight queries since the first sealed documents were filed back in May. We will continue to follow-up. For details, see: The Mystery of Jeffry Hill’s Secret Federal Court Files Continues. Is Grape Fraud OK With Feds?

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North Bay wine economy at bigger risk in wildfire disaster than stated by analysts

A number of bank and other financial analysts have misconstrued the importance of North Bay wine grapes to the overall California wine economy and need to rethink their assessments.   A number of those analysts have stated that potential damage to vineyards and wineries is of little concern because — as one bank analyst said,  […]

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Constellation Brands scores some WEED in Canada

UPDATE 6:47 a.m. PDT 10/30/17: Bloomberg: WEED shares up 7%+ in early trading on news of buy-in by Constellation Brands. Use real-time link, below to get real-time quote.   FROM NEWS RELEASE, October 30, 3:41 a.m. Constellation Brands to Acquire 9.9% minority stake in Canopy Growth Corporation (WEED:CN) Says no U.S. Cannabis sales until legal […]

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