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Eastside Distilling ( (BLNE) ) just unveiled an announcement.
Beeline Holdings, Inc. recently raised $6.5 million in equity capital and reduced its debt by $5.3 million, positioning itself with over $6 million in cash and $2.3 million in third-party debt by the end of the quarter. As of March 31, 2025, Beeline reported approximately $40 million in shareholders’ equity, reflecting a strengthened financial position that may impact its operations and stakeholder interests positively.
Spark’s Take on BLNE Stock
According to Spark, TipRanks’ AI Analyst, BLNE is a Neutral.
Eastside Distilling’s overall stock score reflects significant financial challenges, including poor profitability and high leverage. Despite innovative corporate initiatives in blockchain and real estate finance, the company’s financial struggles and weak technical indicators weigh heavily on the score. Valuation remains a concern due to negative earnings and a lack of dividends.
To see Spark’s full report on BLNE stock, click here.
More about Eastside Distilling
Average Trading Volume: 1,980,505
Technical Sentiment Signal: Sell
Current Market Cap: $12.14M
For an in-depth examination of BLNE stock, go to TipRanks’ Overview page.