FREE! Subscribe to News Fetch, THE daily wine industry briefing - Click Here

World-class technology from a family business that cares about your wine. CLICK NOW FOR SAMPLES


PSPS Power

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 not easy to find on that site, and many statements remain incomplete, unverified, or misleading. What’s more, TWG lacks a key state permit without which crushing grapes to make wine would be illegal.

Screen Shot 2018-01-17 at 5.13.42 AM

Statement from top of TWG crowdfunding web site.

The remainder of this 551-word article is available to Wine Executive News Premium Subscribers.

Premium Subscribers Log-In Here:

Also in this issue:

  • TWG  lacks vital state permit. Making wine would be illegal without it

  • SEC documents amended in response to WII Article

  • Web site update updated following WII Jan. 15 article

  • TWG walks back details on $545,000 raised

  • Offering Statement still not easy to find

  • TWG may have legal trouble using “Napa Valley Winery”

  • TWG continues to mislead investors with the meaning of “winery”

A longer discussion of many of these issues can be found in links from Wine Industry Insight’s January 15 article.

Not a Wine Executive News subscriber?

Subscribe to Wine Executive News now, and get the rest of this original article along with everything else on the site every day, including original documents, spreadsheets,and source materials for just $29.99 per month or $209 per year