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Special purpose companies can offer SPAC-tacular public offerings

A Special Purpose Acquisition Company — SPAC — such as the one that Vintage Wine Estates is using to go public via merger, is an increasingly prominent method for businesses to attract capital and go public.   Source: Dealogic via the Wall Street Journal (possible paywall) This link — Understanding SPACs — will offer more info.

Napa & NorCal wine country now experiencing “severe/extreme” drought

Source: U.S. National Drought Monitor

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Tired of it all: How the pandemic has changed social media

Lots more data and charts at the source: Vox/Recode

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Lower alcohol wine? Aussies are on board, but not Americans, Brits, or Canadians

Source: Wine Intelligence Vinitrac  

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COVID has not caused the financial armageddon feared by most state governments

Sources: Urban Institute, the Census Bureau and the Bureau of Economic Analysis, via Louise Sheiner (Brookings Institution) & New York Times

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Have we reached peak alco-seltzer?

Source: RBC Capital Markets: “Answering the 4 Most FAQs on Hard Seltzer” (Registration required)

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After COVID boost, e-commerce grocery sales to grow at much lower rate

Source: eMarketer

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Comfort Dining Out Among All Adults Reaches New Pandemic Record High

Millennials Lead The Way Source: Morning Consult

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AlcBev Wholesalers defeat direct consumer access by out-spending producers on state level politicians

AlcBev Wholesalers defeat direct consumer access by out-spending producers on state level politicians Source: Primarily the National Institute on Money in Politics via Fermentation

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Merlot market share shrank big time in 2020; SauvBlanc soared

Source: Silicon Valley Bank 2018 Wine Industry Report

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