Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 158

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 158
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support we provide. The TBN is expected to form a network of regional production hubs that will support product trials and sampling, and
will generate sales of finished, intermediate and bulk spirits depending on location, equipment and market. Importantly, because these
premium spirits will be produced locally, we believe the TBN will promote the positioning of our brands as local and regional. We expect
that, as the brands grow and the TBN footprint expands, there will be an important synergy with increased adoption and growth through
our wholesale channels in the regions where the TBN locations are driving trial and awareness. Similarly, as demand for our products grow
through our wholesale channels, there should be a positive effect on the demand for our products through the tribal distilleries.

Competitive Strengths

We attribute our success to the following competitive
strengths.

| ● | Premium Aged Whiskeys. We                                                                                                                
 have been testing, distilling and aging premium whiskeys since our inception over ten years ago. Unlike many new brands entering         
 the premium craft whiskey and bourbon category that rely on sourced liquid for their blends, we chose to produce and age all of our own  
 product in-house for our recently-launched super premium whiskey line under our Stiefel’s Select label. This approach has                
 allowed us to leverage our experience and our innovative distillation methods while taking advantage of the Pacific Northwest’s          
 unique climate to produce aged whiskeys that are of the highest quality and authentic to our name. We introduced our first single barrel 
 selections to the public in late 2022 under the Stiefel’s Select brand. The initial single barrel selections, which included             
 a four-grain bourbon, a high rye bourbon, a wheated bourbon, a peated bourbon, a 100% rye whiskey and a single malt whiskey, sold out    
 quickly, and we have begun releasing more single barrel selections to the market. We expect to continue to release these whiskeys as     
 either “single barrel picks” or “small batch blends” depending on the recipe and target market. We have been                             
 awarded a Double Gold Medal, Gold Medal and Best of Category for our first releases of Stiefel’s Select by some of the most              
 prestigious spirits competitions in the world, including at the San Francisco International Spirits Competition and the Fred Minnick     
 Ascot Awards.                                                                                                                            |

| ● | Purposefully Aligned Products. We                                                                                                             
 recently launched a new line of spirits called the Salute Series line of whis