Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 11

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 11
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BN to assist Native American tribes in developing a new business, complementary to their existing casino and entertainment businesses, to attract new visitors and consumers. By working with us, tribes get access to our expertise and our full portfolio of brands. We believe this is a significant new business opportunity for tribes with the potential for strong revenue and profit growth, allowing tribes to capture the full margin benefit as manufacturers, and the ability to collect and keep state spirits taxes for products made and sold on their sovereign land. Following the announcement of our partnership with the Tonto Apache Tribe in Arizona in 2023, in May 2024, we announced a landmark agreement with the Coquille Tribe of Oregon after helping them navigate negotiations with the Oregon Liquor Control Board to allow for the first tribal distillery in Oregon. This is the first of such agreements between a Native American tribe and one of the 18 liquor control states in the United States.

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| ● | Co-Located Retail Spaces. Our marketing plan includes                                                                                       
 partnering with some of the most highly-regarded premium craft spirits producers in key regions across the U.S. to co-brand and             
 cross operate retail tasting rooms. Qualified partners must have the key attributes of high-quality products, a consumer-focused tasting    
 room opportunity to drive trial and sales, and the ability to send and receive spirits in bulk for localized bottling. As we and these      
 other producers cross-brand our collective tasting rooms to consumers who do not otherwise have access to them in their general markets,    
 we believe we will collectively be driving more consumer trials and increased sales as well as building co-marketed brands in other regions 
 of the country without the expense of new buildings, leased spaces, production capacity, employees or other capital expenditures.           |

| ● | Capital-Efficient and Scalable Operational Structure.                                                                                  
 We have strategically structured, and plan to continue to structure, our organization and operations to minimize and most effectively  
 manage our capital investment requirements while maintaining flexibility to rapidly scale our production capabilities to meet consumer 
 demands. We do this by utilizing our internal distilling and bottling capabilities while leveraging a network of reputable third-party 
 providers with industry expertise and experience performing various functions falling outside of our internal core competencies.       |

For example, we are able to contract with third-party canning and packaging companies to pack our RTDs rather than investing in the required equipment and supporting infrastructure and personnel for in-house canning operations. We can also source specific spirits or buy bulk spirits in the market