Good Morning and Happy Thursday, April 2, 2022.

Is Treasury Wine Estates on the Verge of Bankruptcy? Probably Not

One of the oldest games in Wall Street – and financial centers elsewhere – is to peddle a story that a business is in financial trouble. The idea is usually to drive the price of shares down to a point that a profit can be made by buying back the shares at a lower price.

Cain Vineyards & Winery Acquired by Third Leaf Partners

Cain's winery, tasting room and a significant part of its Spring Mountain vineyard were destroyed by the 2020 Glass Fire. Only the winery was rebuilt. Now the brand and inventory has been sold to Third Leaf Partners, a San Francisco investment firm. 

Waterloo Gin Adds 7 States

Waterloo Gin Co. said it expanded expanded distribution into seven additional states.

Survey Finds Few Drinkers Planned to Stop During Dry January

"The only thing you have to fear is, fear itself." – President Franklin Delano Roosevelt, during his first inaugural address. That seems to be the general theme of a survey by Wine Opinions which there was "scant evidence of intention among U.S. wine drinkers to decrease their

Customs Not Explaining Cause of Error Impacting CBMA Importer Refund Claims

Customs & Border Protection officials haven't responded to our inquiry as to what was the cause of Alcohol & Tobacco Tax & Trade Bureau advising industry members to "hold up on submitting 2026 Q1 CBMA Importer Refund Claims." 

Big change for small businesses: No more SBA loans for non-citizens

Any business that’s even partly owned by a permanent legal resident with a green card is no longer eligible for loans from the Small Business Administration, eliminating a longtime source of financing for immigrants that advocates say will discourage job creation and harm the economy. 

US manufacturing showing greater resilience

The US ISM manufacturing index improved further in March, led by strong production levels.

Thanks for reading. We're usually off on Good Friday, but it depends upon the news flow. In any event, I'll be back Saturday with The Beverage Reader. – Joel