Damn! Uncle Nearest...entered into receivership over defaulted loans

[the artist]

Receiver To Take Over Uncle Nearest Whiskey; Weavers To Remain Involved

Uncle Nearest Premium Whiskey will go under the control of a receiver following a lender’s claims that the company was in financial distress, according to a federal judge’s order issued Thursday.

www.brewbound.com

Uncle Nearest Premium Whiskey will go under the control of a receiver following a lender’s claims that the company was in financial distress, according to a federal judge’s order issued Thursday.

The legal drama emerged when Farm Credit Mid-America, a primary agricultural lender, filed a complaint late last month seeking the emergency appointment of a receiver to take over operations at Nearest Green Distillery, alleging that the company has failed to meet its financial obligations for more than a year, resulting in debts totaling an estimated $100 million.

...

 

[bkqns718]

Damn I was really rooting for them too. Hopefully they can get out of this

 

[dik cashmere]

 

[durham]

I hate this positive spin shit. This sounds like Dr Umar grifting for donations

Tone this shit down. I will hold my change till the dust settles. There are other Black owned brands that are not stunting on the gram

 

[TENT]

Damn.
They need a marketing team but maybe they ain't even got money no more.

 

[dik cashmere]

I hate this positive spin shit. This sounds like Dr Umar grifting for donations

Tone this shit down. I will hold my change till the dust settles. There are other Black owned brands that are not stunting on the gram

It’s the fact that they issued her a gag order but made the story public that got me

 

[PliggaNease]

I ran across this video that offers some good info.

 

[DC_Dude]

 

[Hey Julian!]

I ran across this video that offers some good info.

CAC’s trying to pull a fast one and get the fastest growing whiskey company for pennies. Their success and the ability to not pay doesn’t add up and that video explained it. They paid $7.5mil last year and has already paid $9mil in 2025 which means their growth is not fake and the money their making is real. I don’t even drink whiskey, but I’m gonna cop a bottle now. Hopefully they can pay off this loan and tell greedy CACS to kick rocks.