inventory requirements for whiskey are large... due to aging requirements for the premium.... does MCL have the cash to support its share of the investment... what will they do working forward once the initial stock is sold... we still do not know.
We should have heard WHAT the ex-Nant barrel scheme whiskey was to be called by now.
Agree that there is dollars to be made there, but since the JV we have for whisky is with a former CEO of Lark... I am dubious how it will play out. Sure - he knows the industry, but there seems to be much history as to his involving Lark in the cleanup of that failed investment scheme... and how he ended up with soo much of the "good" whiskey, whereas some investors got nothing or sub-par product, and why he left/was evicted from Lark
Still positive on MCL, but concern over wages and wage growth continue to pester me.
MCL Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
