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The latest announcement is out from Top Shelf International Holdings Ltd. ( (AU:TSI) ).
Top Shelf International Holdings Ltd has successfully completed the sale of its Campbellfield production facility’s assets to Idyll Wine Co Pty Ltd for $8.0 million. This transaction is a significant step in the company’s cost reduction program, enabling the full repayment of its ATO excise liability and reducing other debts. The sale includes various operational assets but excludes the whisky maturation facility. A co-packing arrangement with IDL for ongoing production is now in effect, marking a key phase in Top Shelf’s financial and operational restructuring efforts.
More about Top Shelf International Holdings Ltd.
Top Shelf International is a Melbourne-based distiller and marketer of premium Australian spirits, known for its distinctive brands such as NED Australian Whisky, Grainshaker Hand Made Australian Vodka, and Act of Treason Australian Agave. The company is recognized for creating high-quality, premium Australian products that reflect a unique Aussie attitude and flavor profile. It has also pioneered Australia’s first agave spirit range from its Agave farm in the Whitsundays, chosen for its ideal climate for growing tequilana blue agave.
Technical Sentiment Signal: Sell
Current Market Cap: A$13M
For a thorough assessment of TSI stock, go to TipRanks’ Stock Analysis page.