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Eastside Distilling’s Strategic Divestiture with Bridgetown Spirits

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Eastside Distilling’s Strategic Divestiture with Bridgetown Spirits

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The latest announcement is out from Eastside Distilling ( (BLNE) ).

On July 25, 2025, Beeline Holdings, Inc. entered into a Debt Satisfaction Agreement with Bridgetown Spirits Corp., resulting in the disposal of its majority ownership in Spirits for $367,404. This strategic divestiture allows Beeline to focus on its core business areas while Bridgetown Spirits can continue as a private company. The transaction also involved Beeline providing a $75,000 loan to Spirits, secured by a promissory note. This move is part of Beeline’s strategy to capitalize on emerging market opportunities and strengthen its financial position.

Spark’s Take on BLNE Stock

According to Spark, TipRanks’ AI Analyst, BLNE is a Neutral.

The overall stock score reflects significant financial struggles, including high leverage and unprofitability, despite positive momentum from recent corporate events and a mixed technical analysis. The company’s strategic moves to innovate and restructure financially provide some optimism for future improvement.

To see Spark’s full report on BLNE stock, click here.

More about Eastside Distilling

Beeline Holdings, Inc. is a fast-growing digital mortgage platform that focuses on redefining the path to homeownership. The company is involved in proptech, mortgage, and alternative equity products, aiming to generate SAAS revenue and strengthen its balance sheet.

Average Trading Volume: 3,005,990

Technical Sentiment Signal: Sell

Current Market Cap: $19.39M

For an in-depth examination of BLNE stock, go to TipRanks’ Overview page.

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