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WII article prompts Triumph Wine Group to amend SEC filings & web site, but lacks vital state permit to legally make wine

This article is a follow up to: Triumph Wine Group Crowdfunded Financial Offering Marred by Inadequate Disclosure, Misleading Language, Flawed Business Plan Wine Industry Insight’s Jan. 15 article has prompted Triumph Wine Group to quickly amend its Securities and Exchange Commission (SEC) filings and FlashFunders web site. However, an offering statement in English still is […]

Triumph Wine Group Crowdfunded Financial Offering Marred by Inadequate Disclosure, Misleading Language, Flawed Business Plan

This article has an update: WII article prompts Triumph Wine Group to amend SEC filings & web site, lacks vital state permit to legally make wine; disclosure errors persist     Triumph Wine Group makes some pretty good wine, but its online, crowdfund offering fails investor scrutiny. Key among the issues is the fact that […]

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Triumph Wine Group declines to respond to WII request for comments, corrections.

Wine Industry Insight emailed Triumph Wine Group on Friday, January 12 asking for comments and any corrections. A copy of the draft article was enclosed in the email.   The following non-reply was received: On Jan 15, 2018, at 8:45 AM, michael rupprecht <michael@rupprechtlaw.com> wrote:   Dear Mr. Perdue: As I indicated to you in […]

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CBS News takes a look at money, wine, and murder in Napa

The CBS News program “48 Hours” aired a full episode this past Saturday based on Wine Industry Insight’s 16-month-long investigative reporting on the financial conflicts between aspiring Napa Valley vintner Robert Dahl and his investor, Emad Tawfilis.   The 48 Hours team’s extensive investigation added substantial new information that helps complete the story and fills […]

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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 […]

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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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