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BOSTON, March 31, 2021 /PRNewswire/ – John Hancock Hedged Equity & Income Fund (NYSE: HEQ) (the “Fund”), a closed-end fund managed by John Hancock Investment Management LLC (the “Adviser”) and subadvised by Wellington Management Company LLP (the “Subadviser”), announced today sources of its quarterly distribution of $0.2900 per share paid to all shareholders of record as of March 11, 2021, pursuant to the Fund’s managed distribution plan.  This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.  

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Hedged Equity & Income Fund (NYSE: HEQ) with important information concerning the distribution declared on March 1, 2021, and payable on March 31, 2021. No action is required on your part.

Distribution Period:  March 2021

Distribution Amount Per Common Share:  $0.2900

The following table sets forth the estimated sources of the current distribution, payable March 31, 2021, and the cumulative distributions paid this fiscal year to date from the following sources:  net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution plan.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.  A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you.  A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes.  The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.  The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The Fund has declared the March 2021 distribution pursuant to the Fund’s managed distribution plan (the “Plan”).  Under the Plan, the Fund makes fixed quarterly distributions in the amount of $0.2900 per share, which will continue to be paid quarterly until further notice.

If you have questions or need additional information, please contact your financial professional or call the John Hancock Investment Management Closed-End Fund Information Line at 1-800-843-0090, Monday through Friday between 8:00 a.m. and 7:00 p.m., Eastern Time.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements.

An investor should consider a Fund’s investment objectives, risks, charges and expenses carefully before investing.

Wellington Management Company LLP is an independent and unaffiliated investment subadviser to John Hancock Hedged Equity & Income Fund.

About John Hancock Financial and Manulife Financial

John Hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people achieve their dreams and aspirations by putting customers’ needs first and providing the right advice and solutions. We operate primarily as John Hancock in the United States and as Manulife elsewhere. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions. Assets under management and administration by Manulife and its subsidiaries were over CAD$1.3 trillion (US$1.02 trillion) as of December 31, 2020. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.

One of the largest life insurers in the United States, John Hancock supports approximately 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and education savings plans. Additional information about John Hancock may be found at johnhancock.com.

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SOURCE John Hancock Investment Management

NEW YORK, March 31, 2021 /PRNewswire/ —

If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:

Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

GX Acquisition Corp. (NASDAQ: GXGX)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of GX Acquisition Corp.(NASDAQ: GXGX) in connection with the company’s proposed merger with Celularity Inc. (“Celularity”). Under the terms of the merger agreement, GX will acquire Celularity through a reverse merger that will result in Celularity becoming a publicly listed company. If you own GXGX shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslawllp.com/gxgx 

PRA Health Sciences Inc. (NASDAQ: PRAH)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of PRA Health Sciences Inc. (NASDAQ: PRAH) in connection with the proposed acquisition of the company by ICON plc (“ICLR”). Under the terms of the merger agreement, PRAH shareholders will receive $80.00 in cash and 0.4125 shares of stock for each share of PRAH common stock that they own, representing implied per-share merger consideration of approximately $161.23 based upon ICLR’s March 30, 2021 closing price of $196.92. If you own TPCO shares and wish to discuss this investigation or your rights, please call or visit our website: https://weisslawllp.com/prah//    

Tribune Publishing Company (NASDAQ: TPCO)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Tribune Publishing Company (NASDAQ: TPCO) in connection with the proposed interested-party acquisition of the company by Alden Global Capital. Under the terms of the agreement, Alden Global Capital will acquire all outstanding shares of TPCO common stock that it does not already own for $17.25 per share in cash. If you own TPCO shares and wish to discuss this investigation or your rights, please call or visit our website: http://www.weisslawllp.com/tpco/

NIC Inc. (NASDAQ: EGOV)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of NIC Inc. (NASDAQ: EGOV) in connection with the proposed acquisition of the company by Tyler Technologies Inc. Under the terms of the agreement, the company’s shareholders will receive $34.00 in cash for each share of EGOV common stock that they hold. If you own EGOV shares and wish to discuss this investigation or your rights, please call or visit our website: http://www.weisslawllp.com/egov/ 

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SOURCE WeissLaw LLP

OAK BROOK, Ill., March 31, 2021 /PRNewswire/ — TreeHouse Foods (NYSE: THS) today announced the evolution of its commercial organization leadership. The new leadership structure, effective April 1, 2021, is designed to further solidify TreeHouse’s customer relationships and strengthen ongoing engagement with the Company’s retail and foodservice partners.

Kevin G. Jackson, who has been serving as interim Chief Commercial Officer since January, will continue in this role on a permanent basis. Mr. Jackson will also retain his leadership role as President, Snacking & Beverages, and continue to report to CEO and President, Steve Oakland.

Sean Lewis has been promoted to Senior Vice President and Chief Customer Officer, reporting to Mr. Jackson, and will join the executive leadership team. Mr. Lewis most recently served as Vice President of Sales, National & Regional West at TreeHouse.

“Over the last few years, we purposefully structured our commercial organization to become more customer centric and to make it simpler for customers to do business with us,” said Steve Oakland, Chief Executive Officer and President of TreeHouse Foods. “These appointments represent an important evolution of this commitment, and I am confident that Kevin and Sean are well suited to build on our past progress and drive our commercial organization forward, as we execute on our strategy and create value for our stakeholders.”

“Kevin has been a valuable asset to TreeHouse and his contributions will be important to further developing our commercial vision, aligning the organization and driving our revenue objectives; while Sean will serve as a key voice with our customers, solidifying top-to-top relationships and refining and optimizing our sales processes in support of Kevin’s efforts,” Mr. Oakland concluded.

Mr. Jackson joined TreeHouse in February 2020 from the J.M. Smucker Company, where he served in numerous roles of increasing responsibility across sales and marketing during his 17-year tenure including Senior Vice President U.S. Retail Sales and North American Food Away From Home Division.  Prior to that, he was a Senior Brand Manager at Brach’s Confections and at Constellation Brands. Mr. Jackson earned his Master of Business Administration from New York Institute of Technology and his Bachelor of Arts from the University of Colorado, Boulder.

Mr. Lewis joined TreeHouse in August 2019 as Vice President of Sales, National & Regional West and is a seasoned commercial leader with extensive consumer packaged goods experience. He spent nearly 20 years with Kraft Heinz and Nabisco, where he held several regional, district, category and business lead roles with increasing responsibility, including the development, pursuit and leadership of customer relationships to achieve revenue, share and distribution growth and optimal shelving. Mr. Lewis also spent time with Mizkan America as Customer Vice President, West Area, where he was responsible for all aspects of driving revenue including strategic planning, team leadership and development, territory alignment, and customer management. He earned his Bachelor of Arts in Business Administration from the University of Phoenix.

ABOUT TREEHOUSE FOODS

TreeHouse Foods, Inc. is a leading manufacturer and distributor of private label packaged foods and beverages in North America.  We have approximately 40 production facilities across North America and Italy, and our vision is to be the undisputed solutions leader for custom brands for our customers.  Our extensive product portfolio includes snacking, beverages and meal preparation products, available in shelf stable, refrigerated, frozen and fresh formats. We have a comprehensive offering of packaging formats and flavor profiles, and we also offer clean label, organic and preservative-free ingredients across almost our entire portfolio.  Our purpose is to make high quality food and beverages affordable to all.

Additional information, including TreeHouse’s most recent statements on Forms 10-Q and 10-K, may be found at TreeHouse’s website, http://www.treehousefoods.com.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and other information are based on our beliefs, as well as assumptions made by us, using information currently available. The words “anticipate,” “believe,” “estimate,” “project,” “expect,” “intend,” “plan,” “should,” and similar expressions, as they relate to us, are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or intended. We do not intend to update these forward-looking statements following the date of this press release.

Such forward-looking statements, because they relate to future events, are by their very nature subject to many important factors that could cause actual results to differ materially from those contemplated by the forward-looking statements contained in this press release and other public statements we make. Such factors include, but are not limited to: risks related to the impact of the recent COVID-19 outbreak on our business, suppliers, consumers, customers and employees; the success of our restructuring programs, our level of indebtedness and related obligations; disruptions in the financial markets; interest rates; changes in foreign currency exchange rates; customer concentration and consolidation; raw material and commodity costs; competition; disruptions or inefficiencies in our supply chain and/or operations, including from the recent COVID-19 outbreak; our ability to continue to make acquisitions in accordance with our business strategy; changes and developments affecting our industry, including consumer preferences; the outcome of litigation and regulatory proceedings to which we may be a party; product recalls; changes in laws and regulations applicable to us; disruptions in or failures of our information technology systems; labor strikes or work stoppages; and other risks that are set forth in the Risk Factors section, the Legal Proceedings section, the Management’s Discussion and Analysis of Financial Condition and Results of Operations section, and other sections of our Annual Report on Form 10-K for the year ended December 31, 2020, and from time to time in our filings with the Securities and Exchange Commission. You are cautioned not to unduly rely on such forward-looking statements, which speak only as of the date made when evaluating the information presented in this press release. TreeHouse expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein, to reflect any change in its expectations with regard thereto, or any other change in events, conditions or circumstances on which any statement is based.

View original content:http://www.prnewswire.com/news-releases/treehouse-foods-announces-commercial-organization-leadership-301259865.html

SOURCE TreeHouse Foods, Inc.

VANCOUVER, BC, March 31, 2021 /CNW/ – Trading resumes in:

Company: BULLET EXPLORATION INC. (Formerly CHC STUDENT HOUSING CORP.)

TSX-Venture Symbol: AMMO (Formerly CHC.H)

Resumption (ET): 9:30 AM  4/1/2021

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

FARMINGTON, Conn., March 31, 2021 /PRNewswire/ — Horizon Technology Finance Management LLC (“Horizon”), a registered investment advisor that underwrites and manages secured loans made to companies in the technology, life science, healthcare information and services, and sustainability industries, and the manager and advisor for Horizon Technology Finance Corporation (NASDAQ: HRZN), announced today that on March 4, 2021 it entered into an agreement with Waterfall Asset Management, LLC (“Waterfall”) to originate and manage a venture debt portfolio. Horizon will originate and manage an initial commitment of $100 million, with the potential to increase to $300 million over time.

The special purpose vehicle will enable Horizon, on behalf of all of its advised funds, to access larger investment opportunities in emerging companies – and reach more of them, while further diversifying its investment portfolios and lowering its exposure to any single company and concentration risk in any industry.

“We appreciate the confidence that Waterfall has placed in our team with this substantial commitment,” said Daniel R. Trolio, Senior Vice President and Chief Financial Officer of Horizon. “Throughout our history, we have always sought to deliver meaningful and sustainable yields to our investors. As more venture-backed companies add debt to their capital structures, Horizon is well positioned to take advantage of this trend through our sourcing network, diligent underwriting process, and reputation for working collaboratively with our equity sponsor partners and portfolio companies.”

Robert W. Baird & Co. served as financial advisor on the transaction. Dechert LLP served as legal advisor to Horizon. Kramer Levin Naftalis & Frankel LLP served as legal advisor to Waterfall.

About Horizon Technology Finance Management LLC

Horizon Technology Finance Management is a registered investment advisor that underwrites and manages secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, and is the external advisor for Horizon Technology Finance Corporation (NASDAQ: HRZN). The investment objective of Horizon is to maximize its investment portfolio’s return by generating current income from its debt investments and capital appreciation from the warrants received when making such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located in Portland, Maine, Austin, Texas, and Reston, Virginia. To learn more, please visit www.horizontechfinance.com.

Horizon Contacts

Investor Relations:
ICR
Garrett Edson
[email protected] 
(860) 284-6450

Media Relations:
ICR
Chris Gillick
[email protected]   
(646) 677-1819

View original content:http://www.prnewswire.com/news-releases/horizon-technology-finance-management-announces-platform-expansion-301259982.html

SOURCE Horizon Technology Finance Corporation

LOS ANGELES, March 31, 2021 /PRNewswire/ — Rexford Industrial Realty, Inc. (the “Company”) (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the acquisition of five industrial properties representing 382,314 square feet of improvements for an aggregate purchase price of $68.8 million. The Company also announced the disposition of one industrial property for $1.5 million. The acquisitions were funded using a combination of cash-on-hand and 1031 proceeds from the disposition.

“These investments deepen our presence within infill Southern California, the nation’s most sought-after industrial market,” stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company. “We will leverage our value-add repositioning expertise at these properties to drive cash flow and NAV growth while generating superior stabilized yields. With over $350 million of acquisitions under contract or LOI, we see substantial opportunity to create long-term shareholder value.”

The Company acquired the following properties during February and March:

• 9920-10020 Pioneer Boulevard, located in Santa Fe Springs, within the Los Angeles – Mid-Counties submarket for $23.3 million or $147 per square foot. The seven buildings comprise 157,699 square feet on 8.3 acres of land. The Company plans to reposition the mostly vacant buildings with capital improvements to modernize and improve functionality. The expected stabilized yield on total investment is 5.2%. According to CBRE, the vacancy rate in the 112 million square foot Los Angeles – Mid-Counties submarket was 1.4% at the end of the fourth quarter 2020.
• 2253 Garfield Avenue and 6655 26th Street, City of Commerce within the Central Los Angeles submarket and 560 N. Main Street, Orange within the North Orange County submarket, were collectively acquired in an off-market transaction for $13.0 million or $144 per square foot. The three 100% leased properties comprise 90,115 square feet on 4.8 acres with favorable access to dense population centers. The initial unlevered yield is approximately 3.6%. As value-add enhancements are completed and below market leases roll, the yield on total investment is expected to stabilize at approximately 6.9%. According to CBRE, the vacancy rate in the 165 million square foot Central Los Angeles submarket was 1.3% and 1.1% in the 115 million square foot North Orange County submarket, at the end of the fourth quarter 2020.
• 4225 Etiwanda Avenue located in Jurupa Valley within the Inland Empire – West submarket for $32.3 million or $240 per square foot. The 100% leased, three-tenant industrial building comprised 134,500 square feet on 6.6 acres and features 30-foot clear height with a 145-foot deep truck court. The initial unlevered yield on total investment is 3.5% and is expected to stabilize at approximately 4.7% after leases roll to higher market rents. According to CBRE, the vacancy rate in the 314 million square foot Inland Empire – West submarket was 1.9% at the end of the fourth quarter 2020.

The Company sold in March:

• 6760 Central Avenue located in Riverside within the Inland Empire – East submarket for $1.5 million or $150 per square foot. The 9,943 square foot building is located on 0.6 acres in a non-core submarket. Proceeds from the sale were reinvested into 560 N. Main Street, located in Orange.

About Rexford Industrial
Rexford Industrial, a real estate investment trust focused on creating value by investing in and operating industrial properties throughout Southern California infill markets, owns 257 properties with approximately 32.3 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

For additional information, visit www.rexfordindustrial.com.

Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, they are not guarantees of future performance. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and the Current Report on Form 8-K filed with the SEC on or about the date of this press release. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.

Contact:

Kosta Karmaniolas

SVP, Corporate Finance & Investor Relations  
301-691-5475
[email protected]

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SOURCE Rexford Industrial Realty, Inc.

PORTLAND, Ore., March 31, 2021 /PRNewswire/ — Eastside Distilling, Inc. (NASDAQ: EAST) (“Eastside” or the “Company”), a consumer-focused beverage company that builds craft inspired experiential brands and high-quality artisan products around premium spirits and ready-to-drink “RTD” craft cocktails, reported fourth quarter and year end 2020 financial results for the period ended December 31, 2020.

Year End 2020 Highlights 

• Significant progress on business transformation with the exit of Redneck Riviera and refocused business model
• Increased sales at Craft and selective spirits brands despite a challenging business environment
• Continued sequential improvement in consolidated operating results

“The results for the fourth quarter reflect the continued path to improve the operating performance of the Company, building a sustainable growth strategy that capitalizes on the fast-growing craft spirits and canning businesses,” said Paul Block, Eastside’s CEO. “Despite the COVID pandemic, we navigated a very challenging year. As we continue to bring leadership, strategy, and strong tactical execution to Eastside, we believe we can capture a disproportionate share of market and continue to accelerate topline growth.”

Financial Results

Gross sales for the year ending December 31^st, 2020 increased 21.2% to $14.8 million from $12.2 million in the prior year. This was primarily due to increases in spirits sales and canning sales and services. Spirit sales increased primarily due to the acquisition of Azuñia Tequila in September 2019, which accounted for $1.7 million increase over last year as well as a $0.2 million increase in Portland Potato Vodka brand sales. Canning and bottling revenue increased year over year, which has benefited from a shift in consumer preferences to consume alcohol at home rather than at on-premise locations. Gross profit in 2020 increased 12.2% to $4.6 million from $4.1 million in the prior year.

Total operating expenses in 2020 declined 9.1% to $12.7 million in 2020 from $14.0 million in the prior year.   This reduction was due to lower compensation and benefits, reduced legal and professional fees, and lower rent and insurance expenses; partially offset by higher non-cash depreciation and amortization expenses.

Net loss including discontinued operations in 2020 was $(9.9) million, or $(0.98) per share, compared to $(16.9) million, or ($1.82) per share, in the prior year.  Adjusted EBITDA improved to $(4.8) million compared to $(9.7) million in the prior year. The Company accounted for the Redneck Riviera License Termination as part of discontinued operations in its 2020 Form 10-K filing.

During the fourth quarter, the Company delivered 9,180 cases of spirits excluding Redneck Riviera. Of that total, Portland Potato Vodka (“PPV”) represented over 5,000 cases as the PPV brand continues to accelerate the expansion of its distribution outside of Oregon.  The Company shipped 2,553 and 1,173 cases of Azuñia and Burnside, respectively.  The Azuñia brand continues to be affected by the shut-down of on-premise accounts in the West. The following table details cases delivered during 2020:

The Company ended the year with $7.8 million in borrowings under its Live Oak and FIB credit facilities and reported cash at year-end of $0.8 million.  Subsequently, the Company has reported that substantial progress has been achieved on improving its cash position and reducing debt.  On February 5, 2021, the Company terminated its Redneck Riviera license agreement and sold certain raw materials and finished goods reducing debt and raising cash.  In the first quarter of 2021, the Company has received complete forgiveness of its loan under the Paycheck Protection Program of $1.4 million.  Finally, the Company has made progress restructuring its near-term maturities, as well as issued the initial portion of the Azuñia Earnout in stock at a weighted average price of $4.67 per share.

The Company will give further updates on its earnings conference call.

Use of Non-GAAP Measures

Eastside Distilling’s management evaluates and makes operating decisions using various financial metrics. In addition to the Company’s GAAP results, management also considers the non-GAAP measure of adjusted EBITDA as a supplement to GAAP results. Management believes this non-GAAP measure provides useful information about the Company’s operating results and assists investors in comparing the Company’s performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance.

The Company defines adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, stock-based compensation, and other non-cash expenses. The table below provides a reconciliation of this non-GAAP financial measure with the most directly comparable GAAP financial measure.

Conference Call

The Company will hold a conference call today to discuss these results.

Date and Time: Wednesday, March 31, 2021 at 5:00pm ET

Call-in Information: Interested parties can access the conference call by dialing (844) 889-4332 or (412) 717-9595.

Live Webcast Information: Interested parties can access the conference call via a live Internet webcast, which is available in the Conference Calls section of the Company’s website at https://www.eastsidedistilling.com/conference-calls. 

Replay: A teleconference replay of the call will be available for three days at (877) 344-7529 or (412) 317-0088, confirmation #10153779. A webcast replay will be available in the Conference Calls section of the Company’s website at https://www.eastsidedistilling.com/conference-calls for 90 days.

About Eastside Distilling

Eastside Distilling, Inc. (NASDAQ: EAST) has been producing high-quality, award-winning craft spirits in Portland, Oregon, since 2008. The Company is distinguished by its highly decorated product lineup that includes Azuñia Tequilas®, Burnside Whiskeys®, Hue-Hue Coffee Rum®, and Portland Potato Vodkas®. All Eastside spirits are crafted from natural ingredients for quality and taste. Eastside’s Craft Canning + Bottling subsidiary is one of the Northwest’s leading independent spirit bottlers and ready-to-drink canners.

Important Cautions Regarding Forward-Looking Statements      

Certain matters discussed in this press release may be forward-looking statements. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the impact of COVID-19 and related business disruption, the Company’s ongoing financing requirements and ability to achieve any financing, acceptance of the Company’s products in the market; the Company’s success in obtaining new customers; the Company’s success in product development; the Company’s ability to execute its business model and strategic plans; the Company’s success in integrating acquired entities and assets, and all the risks and related information described from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the financial statements and related information contained in the Company’s Annual Report on Form 10-K and interim Quarterly Reports on Form 10-Q. Examples of forward-looking statements in this release may include statements related to our strategic focus, product verticals, anticipated revenue and profitability, our ability to reduce operating or other expenses, the anticipated demand from the craft beer industry, the effects of COVID-19, including the impact on sales, and the success of initiatives implemented to address the business disruption resulting from COVID-19 and earnings guidance for the first quarter of 2021. The Company assumes no obligation to update the cautionary information in this press release.

Financial Summary Tables

The following financial information should be read in conjunction with the unaudited financial statements and accompanying notes filed by the Company with the Securities and Exchange Commission on Form 10-K for the year ended December 31, 2020, and which can be viewed at www.sec.gov and in the investor relations section of the Company’s website at www.eastsidedistilling.com/investors. 

 

 

 

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SOURCE Eastside Distilling, Inc.

DOWNERS GROVE, Ill., March 31, 2021 /PRNewswire/ — Markem-Imaje, part of Dover (NYSE: DOV), is launching a new, multi-purpose black EB588 ink, which supports safer, more sustainable coding with fewer errors for fast-moving consumer goods, such as food, beverage and personal care products.

This latest ink offering, which pairs with Markem-Imaje’s flagship 9450 coder, helps manufacturers improve coding performance and protect the environment without a cost increase. Unlike traditional alternatives, the black EB588 ink is eco-friendly as it does not contain Methyl Ethyl Ketone and generates up to 40% less greenhouse gases, thereby also helping customers maintain a safe work environment for employees.

In addition to the fact that fewer consumables per code are required when using this ink, its smart consumable management system mitigates the risk of using unsuitable inks, which could result in poor quality codes. Other benefits of this ink can be seen at a plant-level, where there is less waste in terms of bottles, cartridges and rework, as well as in the market, whereas referenced above safety is further supported.

“Today’s launch permits manufacturers to improve their sustainability credentials without reducing profitability,” explains Vincent Millot, Consumables Product Marketing Manager, Markem-Imaje. “The ink can be used on different types of packaging, making stock management easier, and the ink cartridges can be replaced while the line is running, so downtime is minimized. With the coder’s touch screen user interface, users have access to data about consumable levels and know how many prints are remaining, eliminating lost time due to the ink or additive running out. This new product is a win-win for consumers, retailers, distributors, manufacturers and the environment.”

About Markem-Imaje:

Markem-Imaje, a wholly-owned subsidiary of the US-based Dover Corporation, is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems. Markem-Imaje provides global reach to over 50,000 customers with 30 subsidiaries, 6 technology centers, several equipment repair centers and manufacturing plants with the most comprehensive marking and coding portfolio available in the marketplace. Visit www.markem-imaje.com for further information.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of over 23,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

Markem-Imaje Contact:

Christine Bonnet

33 (0)4 75 75 55 16
[email protected]

Dover Media Contact:
Adrian Sakowicz, VP, Communications    
(630) 743-5039    
[email protected]

Dover Investor Contact:
Andrey Galiuk, VP, Corporate Development and Investor Relations   
(630) 743-5131   
[email protected]

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SOURCE Dover