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Oct 23, 2023Liked by Steven Harrison

Love the stack Stephen, but VWS’ post SPAC performance is not at all due to a lack of distribution access.

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Agreed, it is all a matter of timing for them, and they were hit on all fronts.

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Steven, I agree with you. It is made worse by distribution's predatory practices. When I was consulting for restaurants, it was common for distributors to prevent Sommeliers from suggesting diversified inventories by offering owners 3 - 6 months of dating (extended terms) - only if their suggested wine list was purchased. Extremely frustrating and in my opinion, a MAJOR reason for unsuccessful wine programs and eventual failures. Distributors were facilitating putting their own clientele out of business and hurting their own volume in the long run.

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Douglas, this is great input to the discussion and background. We are constantly working on ways to Educate the legislators on what is happening and what can be done to support the producers and sellers of products. The mandated middle tier just causes more issues these days and holds back an industry. It will survive for some channels, but it should not stop others from opening up. Education is the first step.

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