Blending Intelligent Investment Strategy With A Love For Premium Wines
Terrabella Wineries Ltd. started business in 2010 with a vision to generate strong investor returns in B.C.’s emerging wine industry while minimizing risk with a historically appreciable asset – land. Our goal continues to be to establish a group of 4 wineries that capitalize on operational, production, management, and sales synergies resulting from consolidated management and ownership.
To date, Terrabella has raised $11 million from it’s shareholders. This equity has enabled our first two acquisitions, Perseus Winery in July 2011, and an exceptional lake view vineyard in West Kelowna that will be the home of three new brands: Black Swift Vineyards, the hatch, and Talking Stories. Funds have also been used to build quality inventory and provide working capital.
In our first years of operations, we have built a strong management team that has:
- – significantly reduced operating costs to ensure we are competitive in the new sales channel structure, including food stores
- – increased Perseus sales from 850 cases per year (partial) in 2011 to 8,000 in 2014;
- – developed a presence for our products in 150 locations in BC, including many of BC’s best restaurants; and
- – significantly increased sales to China in 2014.
Perseus achieved profitability in 2015, well ahead of the industry standard which is considered to be 5-7 years or longer.
Encouraged by the successful development at Perseus, we opened the hatch tasting room at the Black Swift Vineyards property in West Kelowna in May 2015. Our intent is to build a new state-of-the-art winery building at Black Swift Vineyards that will be a key component of our 4 winery plan. We are also in discussions to build a new production facility at a current or new location.
Terrabella is now seeking additional investment of $2 million for construction of a winery and production facility at Black Swift Vineyards and additional working capital to support the early growth of these new brands. See Investor Relations for more details on how to invest.