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Vintage Wine Estates Announced Sale of Tenma Vineyard For ~$11M In Cash

Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) ("VWE" or the "Company"), one of the top wine producers in the U.S. with an industry leading direct-to-customer platform, today reported the sale of the Tenma Vineyard in Calistoga, California. On March 2, 2023, the Company completed the sale of the entire 42 acres of the Tenma Vineyard for net cash proceeds of approximately $11 million.