Sempreon, Inc. (CASK) news reflects the company's transition from MGP Ingredients to a new corporate identity on Nasdaq, plus updates from its Branded Spirits, Distilling Solutions and Ingredient Solutions businesses.
Company news can include quarterly results, dividends, business updates, name and ticker changes, credit agreement disclosures, annual meeting results and leadership appointments, all of which have appeared in company releases or SEC current reports under the MGP/Sempreon identity.
Product and brand coverage is also a major theme. Releases have covered bourbon, tequila and whiskey brands such as Penelope Bourbon, Yellowstone Bourbon, Rebel Bourbon, Remus Bourbon, El Mayor Tequila, Exotico Tequila and MGP-branded whiskey, along with distilling and ingredient solutions updates.
Sempreon (Nasdaq: CASK) officially adopted its new corporate name on November 2, 2026, completing the rebrand of MGP Ingredients.
The change includes the new Nasdaq ticker symbol CASK and the launch of sempreon.com, with investor information available at ir.sempreon.com. The rebrand, announced on October 15, brings Branded Spirits, Distilling Solutions and Ingredient Solutions under one corporate identity. The businesses span consumer spirits brands, spirits production for other brands and specialty food ingredients.
MGP Ingredients (Nasdaq: MGPI) reported third-quarter 2026 sales of $117.9 million, down 10% from the same quarter last year. Net income fell to $6.9 million from $15.4 million, and basic earnings per share declined to $0.32 from $0.71. Adjusted EBITDA, a non-GAAP earnings measure, decreased 33% to $21.5 million. Gross margin narrowed to 34.3% from 37.8%.
Branded Spirits sales fell 4% and Distilling Solutions sales declined 29%, while Ingredient Solutions sales rose 5%. Quarterly operating cash flow was $32 million, and total debt declined $28.4 million. MGP reaffirmed 2026 guidance for sales of $480 million–$500 million, adjusted EBITDA of $90 million–$98 million and adjusted basic EPS of $1.50–$1.80. A $0.12 quarterly dividend is payable November 27 to holders of record November 13. The company will become Sempreon, with Nasdaq ticker CASK, on November 2, 2026.
MGP Ingredients (MGPI) brand Penelope Bourbon pledged $250,000 to FCancer as the partnership marks its fifth anniversary.
Penelope is also releasing FCancer Batch 5, a limited-edition, six-year-old blend of straight whiskeys. It is available at select retailers nationwide starting in October 2026, while supplies last, at a suggested retail price of $79.99. The annual release began with a blend created to honor a teammate’s late wife. FCancer supports cancer prevention, early detection and people affected by cancer. The nonprofit expects this year’s pledge to help expand access to education, early detection resources and support.
MGP Ingredients (Nasdaq: MGPI) plans to launch its new corporate identity, Sempreon, on November 2, 2026, alongside a planned ticker change.
The planned Nasdaq symbol is CASK. The company says the identity will bring together its Branded Spirits, Distilling Solutions and Ingredient Solutions businesses, reflecting its evolution beyond a single distillery. The names of its distilleries, including MGP and Lux Row, will continue to carry forward their existing identities.
MGP Ingredients (Nasdaq: MGPI) plans to report third-quarter 2026 financial results before the market opens on October 28, 2026.
President and CEO Julie Francis and CFO Brandon Gall will host a conference call at 10 a.m. ET that day to discuss results, provide a business update and answer questions. A webcast will be accessible through the Investor Relations site's News and Events section. A replay will be available on the company website approximately 24 hours after the call concludes.
Penelope Bourbon (MGPI) has released Cigar Sessions: Chapter 2, a high-proof American whiskey created in partnership with Alec Bradley cigars. The six-year-old, small-batch expression is bottled at 117.4 proof and uses a mash bill of 69% corn, 19% rye and 12% malt. It is designed to pair with medium to full-bodied cigars, with tasting notes that include toasted oak, dark caramel, leather, baking spice, charred brown sugar, cocoa, creamy malt, dark chocolate and seasoned oak. The collaboration involved both Penelope’s blending team and Alec Bradley’s cigar blenders working together from the outset. Cigar Sessions: Chapter 2 carries a suggested retail price of $79.99 and is available at select retailers nationwide while supplies last.
MGP Ingredients (MGPI) launched its first-ever namesake spirits brand, MGP, highlighted by an inaugural limited-edition 10-year-old straight bourbon whiskey called MGP Chapter One: Out of the Shadows.
The move aligns with restoring the historic Lawrenceburg, Indiana facility’s name to MGP Distillery, signaling a new consumer-facing chapter for the long-time contract whiskey producer. Chapter One is a 111-proof bourbon made from the distillery’s LBSV mash bill of 60% corn, 36% rye and 4% malted barley, aged 10 years in Rickhouse G to emphasize the distillery’s high-rye style. The release will be available nationwide in limited quantities this fall at a suggested retail price of $69.99 per 750mL bottle. Master distiller Ian Stirsman blended select barrels for this expression, which the company presents as representative of its craftsmanship and heritage.
MGP Ingredients (MGPI) announced the launch of Remus Repeal Reserve Series X, a 10th anniversary high‑proof blended bourbon, and its first-ever Remus Repeal Reserve Rye Whiskey, aligning with National Bourbon Heritage Month. Both are produced at Ross & Squibb Distillery in Lawrenceburg, Indiana under Master Distiller Ian Stirsman.
Series X is bottled at 107 proof and blends three mash bills, including the rarely used LISV recipe, from reserves aged between 2008 and 2017. The new Remus Repeal Reserve Rye Whiskey is a limited-edition straight rye, using 2015 and 2016 reserves of the brand’s 95% rye mash bill, bottled at 111 proof. Both releases will be available at select U.S. retailers starting in September for a suggested retail price of $79.99 while supplies last.
MGP Ingredients (Nasdaq: MGPI) reported Q2 2026 sales of $124.4 million, down 15% year over year, with gross profit of $46.5 million and gross margin of 37.4%. Net income was $12.0 million (basic EPS $0.55), and adjusted net income was $15.8 million (adjusted EPS $0.72). Adjusted EBITDA declined 23% to $27.6 million.
Branded Spirits sales were stable at $59.6 million, with premium plus brands up 5% and Penelope Bourbon up 13%. Distilling Solutions sales fell 42% and Ingredient Solutions gross margin dropped to 10.1%. The company reaffirmed full-year 2026 guidance, reported a year-to-date net loss of $122.8 million driven by $179.5 million of impairment, ended the quarter with a 3.5x net debt leverage ratio, and declared a $0.12 per-share dividend payable August 28, 2026.
MGP Ingredients (Nasdaq: MGPI) announced four strategic leadership appointments to support its next phase of growth in spirits and ingredients. Tom Neiheisel becomes vice president, distilling solutions sales; Sol Clahane is named managing director, national accounts; Marilyn Chen joins as brand director for Penelope Bourbon; and David Sanders becomes vice president of financial planning & analysis.
According to MGP, these hires bring extensive commercial, brand-building and finance experience from major beverage and consumer companies and are intended to strengthen commercial execution, expand national accounts, accelerate growth in branded spirits, particularly Penelope Bourbon, and enhance enterprise-wide financial planning and value creation.