CRIMSON WINE GROUP LTD - CWGL STOCK NEWS

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Crimson Wine Group Ltd (CWGL) is committed to crafting exceptional wines through their portfolio of luxury wine brands from seven estate-based boutique wineries in California, Oregon, and Washington. With a focus on quality, growth, and innovation, Crimson Wine Group embodies core values of thoughtful leadership, commitment, stewardship, integrity, collaboration, and passion. Their dedication to sustainability is evident through initiatives like reducing glass bottle weight to lower carbon emissions and promoting environmentally conscious production practices.

12/04/2023 08:05 AM

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Crimson Wine Group Names Adam Howell Chief Financial Officer

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Crimson Wine Group (CWGL) appoints Adam D. Howell as Chief Financial Officer, bringing deep experience in the wine sector and public company marketplace. Howell's background includes key roles in corporate finance, M&A, financial reporting, and tax, along with SEC financial reporting processes pre- and post-IPO. Certified Public Accountant Howell will join the company on December 12, 2023.

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11/15/2023 10:00 AM

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Crimson Wine Group Takes Industry Leading Stance with Significant Glass Weight Reductions, Addressing the Top Contributor of Greenhouse Gas Emissions for the Wine Industry

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Crimson Wine Group (CWGL) commits to further reducing glass bottle weight for sustainability, aiming for Net Zero carbon emissions by 2050. Their initiative targets a 17% reduction in bottle weight since 2018, equivalent to removing 633,000 miles driven by gasoline powered cars annually. The company plans to reach an average bottle weight of 400 grams by 2028, 27% below the industry average, and introduces a new logo for bottles weighing 420 grams and below.

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09/18/2023 10:18 AM

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Chamisal Vineyards Nominated for "American Winery of the Year" by Wine Enthusiast Magazine

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Chamisal Vineyards nominated for Wine Star Awards for 'American Winery of the Year', recognizing their 50th anniversary and commitment to environmentally conscious methods. They generate 25% of their electrical power from solar panels and are part of IWCA. Special pours and events will be held to celebrate the nomination.

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03/13/2023 11:23 AM

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Crimson Wine Group Says It Had No Relationship With Silicon Valley Bank

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Crimson Wine Group (OTCQB: CWGL) announced it has no ties to Silicon Valley Bank, which previously serviced numerous companies in the wine industry. Established in 1991, Crimson Wine Group manages luxury wine brands from boutique wineries across California, Oregon, and Washington. Its portfolio features renowned producers like Pine Ridge Vineyards and Seghesio Family Vineyards, offering direct sales and wholesale distribution in the U.S. and 30 export countries. The company is committed to achieving carbon neutrality by 2050 as a member of the International Wineries for Climate Action.

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05/06/2021 12:24 PM

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Crimson Wine Group Names Wine Industry Executive Annette Alvarez-Peters to Board of Directors

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Crimson Wine Group (OTCQB: CWGL) has appointed Annette Alvarez-Peters to its board of directors, replacing Craig Williams, who is retiring immediately. Alvarez-Peters is an industry veteran with over 37 years at Costco, including leadership roles in the Beverage Alcohol Department. She is recognized for her expertise and holds multiple prestigious certifications. The board is optimistic about the fresh insights Alvarez-Peters will bring, while expressing gratitude to Williams for his contributions. This leadership change is expected to guide the company towards enhanced strategic direction.

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FAQ

What is the current stock price of CRIMSON WINE GROUP (CWGL)?

The current stock price of CRIMSON WINE GROUP (CWGL) is $5.75 as of June 4, 2024.

What is the market cap of CRIMSON WINE GROUP (CWGL)?

The market cap of CRIMSON WINE GROUP (CWGL) is approximately 121.7M.

What is the core business of Crimson Wine Group Ltd?

Crimson Wine Group is focused on crafting exceptional wines through their portfolio of luxury wine brands from seven estate-based boutique wineries in California, Oregon, and Washington.

What are the core values of Crimson Wine Group Ltd?

Crimson Wine Group embodies core values of thoughtful leadership, commitment, stewardship, integrity, collaboration, and passion.

How is Crimson Wine Group Ltd contributing to sustainability?

Crimson Wine Group is actively reducing glass bottle weight to lower carbon emissions and promoting environmentally conscious production practices.

What are some of the luxury wine brands owned by Crimson Wine Group Ltd?

Crimson Wine Group owns luxury wine brands such as Pine Ridge Vineyards, Seghesio Family Vineyards, Chamisal Vineyards, Archery Summit, Seven Hills Winery, and Double Canyon.

What initiatives does Crimson Wine Group Ltd undertake to enrich lives through wine experiences?

Crimson Wine Group uses their strategic pillars of quality, focus, and growth to enrich lives through uniquely wonderful wine experiences.

How does Crimson Wine Group Ltd support the community?

Crimson Wine Group supports the community through initiatives like farming a community vegetable garden on behalf of the San Luis Obispo Food Bank and installing a Miyawaki forest to sequester carbon alongside their vineyard.

What is the commitment of Crimson Wine Group Ltd to sustainability?

Crimson Wine Group is committed to reducing their carbon footprint by lowering glass bottle weight, sourcing recycled glass, and promoting lighter weight options to consumers.

What recognition has Crimson Wine Group Ltd received for their sustainability efforts?

Crimson Wine Group has been recognized for their sustainability efforts by United Nation Road to Zero and International Wineries for Climate Action, showcasing their commitment to environmental responsibility.

How is Crimson Wine Group Ltd promoting environmentally conscious choices to consumers?

Crimson Wine Group educates consumers about the significance of glass weight in wine bottles and encourages the prioritization of lighter weight options for a more sustainable future.

What sets Crimson Wine Group Ltd apart in the wine industry?

Crimson Wine Group sets itself apart in the wine industry through their dedication to crafting exceptional wines, promoting sustainability, and leading the way in innovative initiatives to reduce environmental impact.