Chilco River Holdings Announces Letter of Intent for Strategic Acquisition of Excuse Wine & Spirits, Inc.

Rhea-AI Summary

Chilco River Holdings (OTC Pink: CRVH) has signed a Letter of Intent to acquire a majority stake in Excuse Wine & Spirits through an all-stock transaction. Excuse owns proprietary trademarks and assets in the alcoholic beverage sector, specializing in tequila and bourbon. The company has demonstrated success through soft launches and market testing in major U.S. metropolitan areas over the past two years. Post-acquisition, Excuse will operate as a majority-owned subsidiary of Chilco, benefiting from strategic oversight, operational resources, and growth capital. The deal is expected to close by the end of June 2025. This acquisition aligns with Chilco's strategy to build a portfolio of high-growth consumer brands in the alcoholic beverage industry.

Positive

• Strategic entry into the high-growth alcoholic beverage market through acquisition
• Excuse brings established trademarks and intellectual property in tequila and bourbon segments
• Successful market testing results in major metropolitan areas
• Advanced negotiations with national and regional distribution partners for nationwide rollout

Negative

• All-stock transaction structure may lead to shareholder dilution
• Acquisition is still in LOI phase with no definitive agreement
• Financial terms and valuation not disclosed
• No current revenue or market share data provided for Excuse Wine & Spirits

Chatsworth, California--(Newsfile Corp. - June 12, 2025) - Chilco River Holdings, Inc. (OTC Pink: CRVH) ("Chilco" or the "Company"), a dynamic holding company and diversified business accelerator, is pleased to announce the signing of a Letter of Intent ("LOI") to acquire a majority equity interest in Excuse Wine & Spirits, Inc. ("Excuse") in an all-stock transaction.

Excuse Wine & Spirits, Inc. is a privately held company that owns a portfolio of proprietary trademarks, intellectual property, and high-quality assets in the alcoholic beverage sector, with a particular focus on tequila and bourbon. Over the past two years, the company has successfully soft launched a range of innovative products, garnering strong consumer response through targeted market testing in several high-growth metropolitan regions across the United States.

Excuse is currently in advanced negotiations with national and regional distribution partners to support a nationwide rollout of its product lines.

Strategic Growth Platform

Upon completion of the proposed transaction, Excuse will operate as a majority-owned subsidiary of Chilco River Holdings. Under Chilco's leadership, Excuse will benefit from strategic oversight, operational resources, and access to growth capital, enabling the brand to accelerate its market presence, scale operations, and enhance overall brand equity.

This acquisition aligns with Chilco River's mission to build a diversified portfolio of high-growth consumer brands in the alcoholic beverage industry. The company continues to explore additional acquisition opportunities in adjacent sectors and emerging global markets as part of its long-term growth strategy.

Forward Momentum

The LOI reflects a mutual intention by both parties to proceed in good faith toward the negotiation and execution of a definitive agreement which is expected to close before the end of the month. The LOI highlights a shared commitment to collaboration and long-term value creation for shareholders.

Chilco River Holdings is also receiving significant inbound interest from other acquisition targets in high-growth, in-demand sectors. The company remains committed to keeping its shareholders informed and will provide timely updates on all material developments as they occur.

About Chilco River Holdings, Inc.

Chilco River Holdings, Inc. is a strategic holding company and business accelerator focused on building long-term value through the acquisition, development, and growth of diversified businesses. With a core emphasis on the premium alcoholic beverage sector, Chilco River specializes in high-quality spirits and innovative ready-to-drink (RTD) products. The Company leverages operational expertise, brand development capabilities, and strategic partnerships to drive sustainable growth across its portfolio.

For media or investor inquiries, please contact:
Investor Relations
Chilco River Holdings, Inc.
Email: info@chilcoriver.com
Website: www.chilcoriver.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255351

FAQ

What is the acquisition deal between Chilco River Holdings (CRVH) and Excuse Wine & Spirits?

Chilco River Holdings has signed a Letter of Intent to acquire a majority equity stake in Excuse Wine & Spirits through an all-stock transaction, expected to close by the end of June 2025.

What products does Excuse Wine & Spirits offer?

Excuse Wine & Spirits owns a portfolio of proprietary trademarks and assets in the alcoholic beverage sector, specifically focusing on tequila and bourbon products.

How will Excuse Wine & Spirits operate after the CRVH acquisition?

Excuse will operate as a majority-owned subsidiary of Chilco River Holdings, receiving strategic oversight, operational resources, and access to growth capital to accelerate market presence.

What is the current market presence of Excuse Wine & Spirits?

Excuse has conducted successful soft launches and market testing in several high-growth metropolitan regions across the United States over the past two years.

What are Chilco River Holdings' future expansion plans?

Chilco River Holdings aims to build a diversified portfolio of high-growth consumer brands in the alcoholic beverage industry and is exploring additional acquisition opportunities in adjacent sectors and emerging global markets.