Company: BLNE
Filing Date: 2025-01-14
Form Type: 424B3
Source: 0001493152-25-002137
Chunk: 77

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-14
Form: 424B3
Chunk 77
---
 of differing sizes, char levels,              
 and ages.                                                                                                                                      |
| ● | Portland                                                                                                                                       
 Potato Vodka – Spirits award-winning premium craft vodka is distilled four times to ensure a smooth finish. While most                         
 vodka is made from grain, we source award winning premium potato ethanol and blend it with pristine water sourced from Oregon.                 |
| ● | Hue-Hue                                                                                                                                        
 (pronounced “way-way”) Coffee Rum – Premium silver rum is blended with concentrated cold-brewed coffee and                                     
 a small amount of Demerara sugar. We source fair-trade, single-origin Arabica coffee beans from the Finca El Paternal Estate in Huehuetenango, 
 Guatemala that are lightly roasted for us by Portland Coffee Roasters.                                                                         |
| ● | Azuñia                                                                                                                                         
 Tequilas – Smooth, clean, additive-free tequilas crafted by Rancho Miravalle, a second generation, family-owned-and-operated                   
 estate, bursting with authentic flavor from the local terroir of Tequila Valley, Mexico. 100% pure Weber Blue Agave is harvested               
 by hand, roasted in traditional clay hornos, and finished with a natural, open-air fermentation process. It is bottled on-site in              
 small batches using a consistent process to deliver consistent field-to-bottle quality and exclusively exported by Agaveros Unidos             
 de Amatitán.                                                                                                                                   |
| ● | Eastside                                                                                                                                       
 Brands – Craft inspired high-quality limited-edition products, which focus on innovation, craftsmanship and curiosity,                         
 and creativity.                                                                                                                                |

| 70 |

Recent Developments

Spirits reduced its sale of bulk barrels in the third quarter of 2024 and saw total volume decline by 12% in the quarter. The majority of the decline was driven by the reduction in distribution of Azuñia tequila as we realigned the brand with new distribution partners. Spirits case shipments in the quarter were down 12% with Portland Potato Vodka down 6% and Burnside down 17%.

The following management discussion and analysis includes the results of operations, cash flow activities and liquidity and capital resources for each of East and Beeline and are marked accordingly below.

Eastside Results of Operations

Nine Months ended September 30, 2024 Compared to the Nine Months ended September 30, 2023

Spirits sales were $2.1 million and $3.1 million for the nine months ended September 30, 2024 and 2023, respectively. The