Question 1

Hello, two questions. First, what type of tax forms will be generated for this investment (1099, K1, other)? Second, will there be quarterly reports?

Accepted Answer

Hey James. The tax form will be a K-1 issued annually for investor tax filing. Annual reports will be made public to investors via a web link. Thanks for the interest and let me know if you have any more questions! Kraig

Question 2

Do you know if the minimum tax obligation distribution incurred by investing would encompass investors in higher taxed states such as New Jersey? Tax rate could be as high as 10.75% compared to Colorado's 4.63%. Love your work ethic and business and hoping to be an investor bu...

Accepted Answer

Hi David, thanks for your question. Yes, that would be the goal of the minimum tax obligation distribution. We would want to make sure that no investor, regardless of their state of residence, would owe out of pocket for tax obligations incurred by their investment in The Block. Let us know if you have any other questions! We will keep our fingers crossed to see your name come through! Kraig

Question 3

Your brand and expansion ideas seem awesome. If I invest what exit strategy should I expect on which timeline?

Accepted Answer

Hey! Thank you for reaching out. We are seeing a few exit strategies in the industry right now. There are still some full purchases of smaller brands by big portfolios. However, we are also seeing more and more minority stake agreements where a capital influx happens but the brand is still maintained and operated by the founders. Our utmost goal is growth and progression of the brand. The achievement of that growth will lead to multiple exit strategies. That being said, distilling is a long t...

Question 4

What are the chances that you'll be able to ship to Massachusetts in the years to come?

Accepted Answer

Hey Peter, shipping across state lines is a big puzzle. Each state creates its' own regulations on shipping and receiving that further get specified by residence vs commercial. However, these laws are constantly being revised as technology advances and peoples comfortability with the idea relaxes. So fingers crossed! Kraig

Question 5

Hello Kraig, on page 24 of your pitch book you show a 100k investment on the chart but in the explanation box above it says the potential distribution for a 50k investment is shown in the chart. Can you please clarify. Also, will a 25k investment have the opportunity to be inc...

Accepted Answer

Hi Bob! Thank you for pointing out the error in the table header. The numbers represented in the table are for $50k. I will get the header corrected right away. Absolutely $25k has the same opportunity for distributions. Every investor will have that opportunity respective to their ownership, which is respective of the amount invested. Thanks! Kraig

The Block Distilling Co.

A Denver distillery making #everydamndrop in house. Fuel our growth into new markets!

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