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The has been under reported because the official crush report does not include grapes retained by growers to make their own wine according to True Value of California Wine Grapes, in the most recent issue of ARE Update published by the University of California Giannini Foundation of Agricultural Economics. The study by researchers Olena […]
A formal hearing on a proposal to sell Sullivan Vineyards will be held at 10:30 a.m. Dec. 11 in the Santa Rosa courtroom U.S. Bankruptcy Court for the Northern District of California. The hearing follows an oral discussion during a hearing on Oct. 30, (previously reported by Wine Industry Insight) at which the Bankruptcy Trustee […]
A globally successful technology executive entrepreneur has emerged as a white knight who is expected to make an 8-figure, all-cash offer to settle the bitter and contentious bankruptcy of Sullivan Vineyards by buying the winery and vineyards for an amount sufficient to reimburse all creditors and still leave some equity for the Sullivan family, according […]
All sides have been silent and non-responsive to Wine Industry Insight queries since the first sealed documents were filed back in May. We will continue to follow-up. For details, see: The Mystery of Jeffry Hill’s Secret Federal Court Files Continues. Is Grape Fraud OK With Feds?
A number of bank and other financial analysts have misconstrued the importance of North Bay wine grapes to the overall California wine economy and need to rethink their assessments. A number of those analysts have stated that potential damage to vineyards and wineries is of little concern because — as one bank analyst said, […]
UPDATE 6:47 a.m. PDT 10/30/17: Bloomberg: WEED shares up 7%+ in early trading on news of buy-in by Constellation Brands. Use real-time link, below to get real-time quote. FROM NEWS RELEASE, October 30, 3:41 a.m. Constellation Brands to Acquire 9.9% minority stake in Canopy Growth Corporation (WEED:CN) Says no U.S. Cannabis sales until legal […]
Sullivan Vineyards cannot be managed out of bankruptcy and should be sold in an orderly manner according to the court-appointed trustee Timothy Hoffman who says he has retained “Napa Valley’s best” wine broker. The Sullivan family has disagreed with that conclusion and has filed a fourth Chapter 11 plan and disclosure statement. The remainder […]
Wine Industry Insight’s October 24 article — Phos-Chek: Deadly to salmon, cautions for wine grapes, sketchy data on human effects, confusion among public officials — raised scientific questions about the actual toxicity of the fire retardant that played such a key role in controlling the historically damaging wine country wildfires this month. In that […]
However, the sketchy and fragmented data available about the uncertain safety of fire retardant on wine grapes indicates that — even if safe — those should not be harvested or made into wine because of regulatory issues over unauthorized substances that might be detected in the finished products. ALSO NOTE: No information could be […]
Satellite data map from Cal Fire updated withmost recent 12-hour satellite pass. See previous coverage here (May be useful for historical Cal Fire data): N. Calif wine country wildfire situation expected to intensify as wind picks up. Fires continue to grow; Red Flag Warning Tonight + Today’s current fire maps and status updates […]