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.

 

[dik cashmere]

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.

Jack Daniel’s sales crash Canada boycott: Jack Daniel’s sales tank 62% as Canadian boycott deals a major blow to whiskey giant - The Economic Times

Jack Daniels has been hit with one of its steepest sales drops in decades after a 62% collapse in Canadian sales. The sharp decline comes as several provinces removed U.S. spirits from store shelves in retaliation against Washingtons tariffs, dealing a direct blow to one of Americas most...

m.economictimes.com

 

[Hey Julian!]

Jack Daniel’s sales crash Canada boycott: Jack Daniel’s sales tank 62% as Canadian boycott deals a major blow to whiskey giant - The Economic Times

Jack Daniels has been hit with one of its steepest sales drops in decades after a 62% collapse in Canadian sales. The sharp decline comes as several provinces removed U.S. spirits from store shelves in retaliation against Washingtons tariffs, dealing a direct blow to one of Americas most...

m.economictimes.com

Hopefully, they still support Nearest, but two tears in a bucket.

 

[dade305]

Uncle Nearest could sell Cognac assets - The Spirits Business

A receiver is investigating the possibility of selling Uncle Nearest’s non-income-producing assets, including its vineyard in Cognac.

www.thespiritsbusiness.com

 

[Politic Negro]

 

[Da Backshot Champ]

Got gifted a bottle last summer. Now I aibt cracking since it may be a collectors item.

 

[CORNBREAD]

Got gifted a bottle last summer. Now I aibt cracking since it may be a collectors item.

Im collecting all of them if I see the price going up

 

[RoomService]

This was utterly poor management. This situation reminds me of the infamous “slutty vegan.” Companies like this desperately need someone like Andrew McAskill on their team.

 

[DC_Dude]

 

[DC_Dude]

 

[godofwine]

 

[D24OHA]

"A former employee transferred part of Fawn's shares in thecompany to someone else."

WHAT?!!

And its the same person that deleted the accounting records before 2024?!!

Oh, that mfkr needs some "straightening".... like ASAP!!

 

[Hey Julian!]

"A former employee transferred part of Fawn's shares in thecompany to someone else."

WHAT?!!

And its the same person that deleted the accounting records before 2024?!!

Oh, that mfkr needs some "straightening".... like ASAP!!

Yeah, they trying to undervalue and snatch the company for a fraction of its worth. Fawn is the reason why the company has grown this big. She’s marketing power behind it for sure. If she’s out I’m not supporting.

 

[WorldEX]

Gotta to know the game, money comes with strings attached. Always focus on the numbers and watch your auditors/accountants. As a shareholder the bylaws clauses are important, once investors sees success, they want to take it all from you.