Welcome to our dedicated page for Willamette Valy news (Ticker: WVVIP), a resource for investors and traders seeking the latest updates and insights on Willamette Valy stock.
Willamette Valley Vineyards reports news on its publicly traded Oregon winery business and its Series A Redeemable Preferred Stock. The company produces premium, super-premium and ultra-premium wines made from grapes harvested, fermented and produced at its Turner winery, with labels including Willamette Valley Vineyards, Griffin Creek, Tualatin Estate, Pambrun, Maison Bleue, Natoma, Metis and Elton.
Recurring updates cover distribution and national sales strategy, tasting room and wine club hospitality, direct-to-consumer channels, distributor sales, preferred stock offerings and annual preferred dividends. Company announcements also address governance changes, operating and financial results, and the community-ownership model used to support vineyards, tasting rooms, restaurants and production facilities.
Willamette Valley Vineyards (NASDAQ: WVVI & WVVIP) partners with TiiCKER to enhance its 2021 Preferred Stock Offering aimed at funding growth. The offering, priced at $5.15 per share, includes investor perks like discounts and exclusive access to wine events. TiiCKER's platform will promote shareholder engagement and verify ownership for perks. The winery plans to expand with four new tasting rooms and restaurants over the next two years. This initiative supports community funding, emphasizing the role of shareholders in company growth.
Willamette Valley Vineyards (NASDAQ: WVVI) declared a cash dividend of $.22 per share on its Series A Redeemable Preferred stock (NASDAQ: WVVIP). This dividend will be payable on December 31, 2021, to shareholders of record by the close of business on December 7, 2021. Shares issued after January 1, 2020 will receive a prorated dividend based on their issue date. The company is known for producing high-quality Pinot Noir in Oregon.
Willamette Valley Vineyards (NASDAQ: WVVI & WVVIP) has appointed Greg Urmini as Director of Winemaking & Vineyards, tasked with overseeing the winery and 500 acres in production across Oregon. Urmini, previously with Paul Hobbs Winery, brings extensive experience that includes managing a winery that achieved 100-point scores. His leadership comes amid the construction of a new state-of-the-art winery in the Dundee Hills, signifying the company's commitment to growth. The winery is also supported by over 20,000 enthusiastic owner-investors and recently launched a $10.7 million offering for expansion.
Willamette Valley Vineyards (NASDAQ: WVVI, WVVIP) will host the finale of Bravo's Top Chef Season 18, airing on July 1, 2021, at 8 PM PT. The event showcases finalists creating a four-course meal in Oregon's renowned wine country. This selection highlights Oregon's culinary excellence and provides exposure during a challenging year for the restaurant industry. The winery emphasizes its sustainable practices and community ownership, with shares available for investment at $5.05 each, offering a 4.36% dividend until September 30, 2021, after which the price increases to $5.15.
Willamette Valley Vineyards plans to build a new winery in the Dundee Hills, enhancing its production capabilities. This facility will serve as the primary site for the company's various brands, including the upcoming Domaine Willamette sparkling brand expected in Spring 2022. The company is also seeking a new Director of Winemaking and Vineyards to oversee operations and expansion. Additionally, four new restaurant locations in Oregon and Washington are planned, aimed at increasing brand visibility and customer engagement.
Willamette Valley Vineyards (NASDAQ: WVVI) has declared a cash dividend of $.22 per share on its Series A Redeemable Preferred stock (NASDAQ: WVVIP). The dividend is payable on December 31, 2020, to shareholders of record by the close of business on December 7, 2020. Shares issued after January 1, 2020 will receive a prorated dividend based on their issue date. The company warned that forward-looking statements may be impacted by various risks including financing availability, grape quality, competition, and regulatory changes.
Willamette Valley Vineyards (NASDAQ: WVVI & WVVIP) will discuss the effects of the pandemic and state-mandated shutdowns on its operations during its Annual Shareholder Meeting on July 17, 2020, at 1 pm PT. This meeting is significant as it will be the first held virtually. Founder Jim Bernau expresses eagerness to share insights with stockholders and wine enthusiasts. The winery, located in Oregon, has established itself as a prominent Pinot Noir producer, emphasizing sustainable practices.