Crimson Wine Group Ltd (NYSE American: CWGL) is a wine production company that grows, produces, and sells premium and ultra-premium wines across multiple owned estate brands. Revenue is generated through wholesale distribution to retailers and restaurants and through direct-to-consumer sales channels including tasting rooms and wine clubs. The company operates several distinct winery brands, including Pine Ridge Winery, Chamisal Vineyards, Double Canyon Vineyards, Seven Hills Winery, and Malene Wines, each focused on specific varietals and appellations. Estate vineyards and production facilities are concentrated in California and Washington State, exposing the business to seismic, wildfire, and drought risk. Jennifer L. Locke serves as CEO and Director, with Adam D. Howell as CFO, as of the 10-K filed March 17, 2026. The company carried term loan debt through American AgCredit and repurchased $2.4 million of common stock in FY2024 at an average price of $6.02 per share. The Board suspended the 2023 Repurchase Program effective March 21, 2025.

Revenue model

Transactional sales of bottled wine through wholesale distribution and direct-to-consumer channels including tasting rooms and wine clubs. Revenue is brand- and estate-level, with each winery operating as a distinct unit.

Products and services

Premium and ultra-premium wines sold under five brands: Pine Ridge Winery (Cabernet Sauvignon and Bordeaux varietals, Napa Valley), Chamisal Vineyards (Pinot Noir and Chardonnay, Edna Valley), Double Canyon Vineyards (Cabernet Sauvignon, Horse Heaven Hills, Washington), Seven Hills Winery (Cabernet Sauvignon, Merlot, Sauvignon Blanc, Walla Walla Valley and Red Mountain), and Malene Wines (premium Rosé, Central Coast). Tasting room and special event dining at select properties.

Customers and end markets

Wholesale buyers including retailers and on-premise accounts, and direct-to-consumer buyers through tasting rooms and wine clubs. End market is the U.S. premium wine consumer. No customer concentration data disclosed in the excerpts.

Value-chain role

Vertically integrated producer controlling estate vineyards, crush, fermentation, aging, bottling, and direct-to-consumer sales. Also purchases grapes from third-party growers to supplement estate fruit.

Geographic exposure

Operations concentrated in California (Napa Valley, Edna Valley, Central Coast) and Washington State (Horse Heaven Hills, Walla Walla Valley, Red Mountain). All disclosed operations are domestic U.S.

Source: SEC 10-K, filed 2026-03-17

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