Rogue Baron bolsters premium spirits portfolio with acquisition of Eight Vodka
(AQSE: ) , a producer of premium beverages, announced the acquisition of Eight Vodka Limited. Consideration for the acquisition is £70k by way of issuing 14,000,000 shares at £0.005.
Eight Vodka is a premium vodka producer based in the UK. The company's vodka is known for being distilled 8 times using water from spring fountains in Machachi, Ecuador. The product is hand-crafted in small batches at Eight Vodka's own distillery in Ecuador using traditional copper stills.
Hamish Harris of Rogue Baron, commenting: "This acquisition not only secures Rogue Baron with a premium Vodka brand, but also access to a distillery with significant expertise in distillation, and a level of distribution capability in the UK, Europe and LATAM for all our existing spirit brands."
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Rogue Baron continues to grow its global footprint and product portfolio as it acquires premium vodka producer Eight Vodka. The acquisition will add a new product range as well as distillation and distribution facilities to Rogue Baron's asset base.
The acquisition builds on a strong FY23 that saw continued expansion and balance sheet growth via two £50k fundraising rounds. Moreover, in March 2024 Rogue Baron announced a substantial US$1m cash injection into its wholly-owned subsidiary Shinju Spirits from a US-based institutional investor. The investment comprises US$750k in cash and US$250k in business enhancement services, aimed at boosting sales of Shinju Japanese Whisky, the subsidiary's flagship brand.
The investment and partnership significantly derisked Shinju Spirits and parent Rogue Baron, positioning the latter for continued expansion as evidenced by today's release. AQSE-listed Rogue Baron retains 60.5% ownership in Shinju following the investment.
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