NOTE 11: RELATED PARTY TRANSACTIONS |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Notes | |
| NOTE 11: RELATED PARTY TRANSACTIONS | NOTE 11: RELATED PARTY TRANSACTIONS
As of March 31, 2026 and December 31, 2025, amounts due to related parties were approximately $666,140 and $666,140, respectively. These balances included $428,700 due to CSIS and a $165,000 capital contribution made by Peter Weitz, a shareholder of the Company, on behalf of J Street Capital Partners LLC in the joint venture, Interstice Cellars LLC. The advances are unsecured, non-interest-bearing, and due on demand.
During the year ended December 31, 2025, Ranco LLC purchased products aggregating approximately $17.3 million from AGP Holdings LLC, an entity wholly owned by Allen Park, the Company’s former Chief Operating Officer and Controller, on arm’s length terms. These transactions are included in discontinued operations. On October 1, 2025, the arrangement was terminated by the Company. There were no purchases from AGP Holdings LLC during the three months ended March 31, 2026.
Prestige was acquired from Thomas Hinde, who serves as a consultant to the Company under a winemaking services arrangement entered into in connection with the Prestige acquisition. Amounts payable to Mr. Hinde under the consulting arrangement were not material at March 31, 2026. |