DW8 Growth, page-1069

https://hotcopper.com.au/data/announcements/ASX/3A553905_FFL.pdf

In case the link doesn’t work, see latest announcement from Founders First (FFL).

On a side note, I spoke with Dave last week and mentioned FFL were looking to solve their distribution issues. He said they had discussions with FFL a while back but WineDepot doesn’t have Bonded storage sorted currently. This is why they have partnered with BorderExpress. Once bonded is up and running they can then target breweries and distilleries with a complete solution.

I’m not the biggest fan of having a name WineDepot when targeting these other verticals but that might be a little picky. However, DW8 has a FAR superior model than FFL. DW8 is more of a first principles approach to the alcohol industry, where FFL invests direct and then still needs to solve the logistics side. In addition, FFL are not brand agnostic making it very difficult to convince other brands to partner with them unless of course they invest capital.