Metavesco and Local Choice Spirits Announce Joint Venture to Launch Limited Edition Bourbon Series
Metavesco (OTC PINK:MVCO) has announced a joint venture with Local Choice Spirits to launch a -edition bourbon series at the historic Striped Pig Distillery in Charleston. This partnership replaces an initial acquisition plan due to OTC market conditions. Metavesco has purchased 8-year-old barreled aged bourbon from Local Choice Spirits, forming the basis for a premium bourbon line.
The collaboration leverages Local Choice Spirits' production capabilities, licensing, and distribution network for efficient market entry. Ryan Schadel, CEO of Metavesco, expressed excitement about partnering with a respected name in the spirits industry. Paula "Pixie" Dezzutti of Local Choice Spirits highlighted the venture's focus on quality and craftsmanship. The rare, small batch bourbon is expected to hit the market before year-end, with branding and availability details to be announced soon.
Metavesco (OTC PINK:MVCO) ha annunciato una joint venture con Local Choice Spirits per lanciare una serie di bourbon in edizione limitata presso la storica Striped Pig Distillery a Charleston. Questa partnership sostituisce un piano di acquisizione iniziale a causa delle condizioni del mercato OTC. Metavesco ha acquistato bourbon invecchiato 8 anni in barili da Local Choice Spirits, formando la base per una linea di bourbon premium.
La collaborazione sfrutta le capacità di produzione, le licenze e la rete di distribuzione di Local Choice Spirits per un ingresso nel mercato efficiente. Ryan Schadel, CEO di Metavesco, ha espresso entusiasmo per la collaborazione con un nome rispettato dell'industria degli alcolici. Paula "Pixie" Dezzutti di Local Choice Spirits ha sottolineato che il progetto si concentra sulla qualità e sull'artigianato. Si prevede che il raro bourbon in piccole quantità arrivi sul mercato prima della fine dell’anno, con dettagli sul marchio e la disponibilità che saranno annunciati a breve.
Metavesco (OTC PINK:MVCO) ha anunciado una joint venture con Local Choice Spirits para lanzar una serie de bourbon de edición limitada en la histórica Striped Pig Distillery en Charleston. Esta asociación reemplaza un plan de adquisición inicial debido a las condiciones del mercado OTC. Metavesco ha comprado bourbon añejado en barricas de 8 años de Local Choice Spirits, formando la base para una línea de bourbon premium.
La colaboración aprovecha las capacidades de producción, licencias y red de distribución de Local Choice Spirits para una entrada al mercado eficiente. Ryan Schadel, CEO de Metavesco, expresó su entusiasmo por asociarse con un nombre respetado en la industria de bebidas espirituosas. Paula "Pixie" Dezzutti de Local Choice Spirits destacó que la Asociación se centra en la calidad y la artesanía. Se espera que el raro bourbon de pequeñas producciones llegue al mercado antes de fin de año, con detalles sobre la marca y la disponibilidad que se anunciarán pronto.
Metavesco (OTC PINK:MVCO)는 역사적인 스트라이프드 Pig 증류소(Striped Pig Distillery)에서 Local Choice Spirits와의 합작 투자를 발표하고 한정판 버번 시리즈를 출시한다고 발표했습니다. 이 파트너십은 OTC 시장 조건으로 인해 초기 인수 계획을 대체합니다. Metavesco는 Local Choice Spirits로부터 8년 된 배럴 숙성 버번을 구매하여 프리미엄 버본 라인의 기초를 형성했습니다.
이 협력은 Local Choice Spirits의 생산 능력, 라이센스 및 유통 네트워크를 활용하여 효율적인 시장 진입을 도모합니다. Metavesco의 CEO인 Ryan Schadel은 주류 업계에서 존경받는 이름과 협력하게 되어 기쁘다고 전했습니다. Local Choice Spirits의 Paula "Pixie" Dezzutti는 이 협력이 품질과 장인 정신에 중점을 두고 있다고 강조했습니다. 희귀하고 소규모 배치로 생산된 버번은 연말 전에 시장에 출시될 예정이며, 브랜드 및 가용성에 대한 세부 정보는 곧 발표될 예정입니다.
Metavesco (OTC PINK:MVCO) a annoncé un partenariat avec Local Choice Spirits pour lancer une série de bourbon en édition limitée à la distillerie historique Striped Pig à Charleston. Ce partenariat remplace un plan d'acquisition initial en raison des conditions du marché OTC. Metavesco a acheté du bourbon vieilli de 8 ans en fût auprès de Local Choice Spirits, formant la base d'une ligne de bourbon premium.
La collaboration tire parti des capacités de production, de licences et du réseau de distribution de Local Choice Spirits pour une entrée sur le marché efficace. Ryan Schadel, PDG de Metavesco, a exprimé son enthousiasme à l'idée de s'associer avec un nom respecté de l'industrie des spiritueux. Paula "Pixie" Dezzutti de Local Choice Spirits a souligné que ce projet met l'accent sur la qualité et le savoir-faire. Il est prévu que le rare bourbon en petits lots arrive sur le marché avant la fin de l'année, avec des détails sur la marque et la disponibilité qui seront annoncés prochainement.
Metavesco (OTC PINK:MVCO) hat eine Joint Venture mit Local Choice Spirits angekündigt, um eine limitierte Bourbon-Serie in der historischen Striped Pig Distillery in Charleston auf den Markt zu bringen. Diese Partnerschaft ersetzt einen ursprünglichen Übernahmeplan aufgrund der Bedingungen des OTC-Marktes. Metavesco hat 8 Jahre gereiften Bourbon von Local Choice Spirits gekauft, der die Grundlage für eine Premium-Bourbon-Linie bildet.
Die Zusammenarbeit nutzt die Produktionskapazitäten, Lizenzen und das Vertriebsnetz von Local Choice Spirits für einen effizienten Markteintritt. Ryan Schadel, CEO von Metavesco, äußerte Begeisterung über die Partnerschaft mit einem respektierten Namen in der Spirituosenindustrie. Paula "Pixie" Dezzutti von Local Choice Spirits unterstrich den Fokus der Partnerschaft auf Qualität und Handwerkskunst. Es wird erwartet, dass der seltene, kleine Batch Bourbon noch vor Jahresende auf den Markt kommt, und Details zur Marke und Verfügbarkeit werden bald bekannt gegeben.
- Joint venture with award-winning Local Choice Spirits to launch premium bourbon line
- Acquisition of 8-year-old barreled aged bourbon for product development
- Access to Local Choice Spirits' production capabilities, licensing, and distribution network
- Expected market entry before year-end with a rare, small batch -edition bourbon
- Shift from initial acquisition plan due to unfavorable OTC market conditions
CUMMING, GA, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Metavesco, Inc. (OTC PINK:MVCO) is excited to announce the formation of a joint venture with award-winning Local Choice Spirits to launch a new limited-edition bourbon series at the historic Striped Pig Distillery, Charleston’s first distillery steeped in history back to 1838! The partnership follows an initial Letter of Intent for an acquisition, but market conditions in the over-the-counter (OTC) market have prompted a strategic shift toward this collaborative venture.
In this joint initiative, Metavesco has purchased 8-year-old barreled aged bourbon from Local Choice Spirits, laying the foundation for a premium bourbon line that combines the expertise of both companies. Together, they will develop a unique brand concept, leveraging Local Choice Spirits' acclaimed production capabilities. Additionally, Local Choice Spirits will provide licensing and distribution, enabling swift and efficient entry into key markets.
“We’re excited to shift gears and explore this new partnership with Local Choice Spirits,” said Ryan Schadel, CEO of Metavesco. “The opportunity to collaborate with such a respected name in the spirits industry allows us to introduce a high-quality product to our audience while capitalizing on Local Choice’s distribution expertise.”
Local Choice Spirits, known for crafting award-winning spirits and pushing the boundaries of innovation in the beverage industry, is thrilled to bring their resources and experience to this joint venture.
Paula “Pixie” Dezzutti commented, “The combination of rarity, quality, respect, collaboration, and local craftsmanship creates an attractive opportunity for the passionate MVCO shareholders to tie in with Local Choice’s artisanal narrative leading to future large-scale releases. An 8-year-old bourbon signals commitment to quality, developing complex flavors from the oak barrels marrying into the whiskey. The Metavesco/Local Choice Spirits partnership signals the same commitment to strengthening the bond between these two niche innovators.”
The joint venture is expected to bring this rare, small batch limited-edition bourbon to market before year end, with more details on branding and availability to be released soon.
About Metavesco
Metavesco is a web3 enterprise and digital asset innovator. The Company has bitcoin mining operations at hosted facilities in KY and IA. Through its wholly owned subsidiary, the Company operates Boring Brew, a specialty coffee company utilizing owned and licensed NFT IP as unique packaging.
About Local Choice and Striped Pig Distillery
The award-winning Striped Pig Distillery is a woman-owned, family-run, community-driven business, since 2010 marking its tenure as Charleston’s oldest distillery. Striped Pig helped revive the distillery scene in Charleston when it opened its doors in North Charleston in 2013, becoming the holy city’s first distillery since Prohibition. Its origin story is one of ‘great curiosity’ and a nod to some tongue-in-cheek US history, brought to life by their beloved Striped Pig mascot, Jackson. Since those early days, the Pig has continued its support of the community, expanded its lineup, received numerous accolades and awards, and has kept driving the distillery scene in Charleston and the wider industry forward with firsts, like the Bottled in Bond Bourbon release and launching the first bourbon on the blockchain.
Striped Pig Distillery is located at 2225-A Old School Drive Charleston, SC 29405
For more information about the distillery, Tours and Tastings, visit: http://www.stripedpigdistillery.com/ To purchase spirits online: https://stripedpigdistillery.com/shop/
Safe Harbor Statement
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CONTACT:
info@metavesco.com
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