Profile: Willamette Valley Vineyards Inc (WVVI.OQ)

WVVI.OQ on NASDAQ Stock Exchange Capital Market

22 Jul 2019
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Willamette Valley Vineyards, Inc., incorporated on March 16, 1988, owns and operates vineyards and a winery located in the state of Oregon, and produces and distributes premium, super premium and ultra-premium wines, primarily Pinot Noir, Pinot Gris, Chardonnay and Riesling. The Company operates through two segments: Direct Sales and Distributor Sales. Its Direct Sales segment includes retail sales in the tasting room and remote sites, wine club sales, on-site events, kitchen and catering sales and other sales made directly to the consumer without the use of an intermediary. Its Distributor Sales segment includes all sales through a third party where prices are given at a wholesale rate. In addition, the Company holds Pairings, a focused restaurant offering a wine and food pairing lunch. The Company also operates two additional tasting rooms, one in downtown McMinnville, in the Oregon Wine Country, and at its Tualatin Vineyard.

The Company under its Willamette Valley Vineyards label produces and sells the various types of wine in over 750 milliliter bottles, which include Pinot Noir, Chardonnay, Pinot Gris, Rose and Riesling wines. The Company under its Tualatin Estate Vineyards label produces and sells Semi-Sparkling Muscat wine in over 750 milliliter bottles. The Company under its Griffin Creek label produces and sells Syrah, Merlot, Cabernet Sauvignon, Cabernet Franc, The Griffin and Viognier wines in over 750 milliliter bottles. The Company under its Made in Oregon Cellars label produces and sells Oregon Blossom type of wine in over 750 milliliter bottles.

The Company's wines are made from grapes grown in vineyards owned, leased or contracted by the Company, and from grapes purchased from other nearby vineyards. The grapes are harvested, fermented and made into wine at the Company's Turner winery (the Estate Winery) and the wines are sold under the Company's Willamette Valley Vineyards label, and also under the Griffin Creek and Tualatin Estates labels. The Company also owns the Tualatin Estate Vineyards and Winery, located near Forest Grove, Oregon (the Tualatin Winery). The Company owns and leases approximately 700 acres of land, of which approximately 560 acres are planted as vineyards. The Company's Winery and production facilities produce over 132,000 cases (314,000 gallons) of wine per year.

Company Address

Willamette Valley Vineyards Inc

8800 Enchanted Way SE
TURNER   OR   97392
P: +1503.5889463
F: +1503.5888894

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