other material
confidence high
sentiment positive
materiality 0.60
MDWerks signs two SRAS contracts, acquires 680 whiskey barrels, appoints CFO
MDWerks, Inc.
- Launched Whiskey-as-a-Service with two SRAS unit contracts; construction started Q1 2025, completion expected Q3 2025, providing recurring revenue from licensing and servicing.
- Acquired 680 barrels of aged whiskey from Brown Water Bourbon Xchange (BWBX) in exchange for restricted shares, boosting inventory for future sale.
- Signed agreement with an international spirits investment fund for limited SRAS exclusivity in three non-US countries; fund must deploy at least one unit per country annually.
- Appointed David Stephens as CFO in March 2025; he had been a consultant since early 2024, bringing 20 years of finance experience.
- Two Trees Beverage launched 'Uplifting Spirits' line with 'Land of the Sky' bourbon; 10% of sales donated to Hurricane Helene relief.