Fawn and Keith Weaver, the founders of the Uncle Nearest whiskey brand, are opposing efforts to add more of their businesses that are already placed under judicial control. Nearest Green Distillery and the flagship Uncle Nearest whiskey brand have been under a receiver’s management since September, after lender Farm Credit Mid-America claimed the Weavers defaulted […] The post Uncle Nearest Founders Push Back as Court Seeks Greater Control in Receivership Fight appeared first on POCIT. Te...| POCIT. Telling the stories and thoughts of the underrepresented in tech.
Uncle Nearest whisky company remains viable and should continue operating, according to the first quarterly report filed by a court-appointed receiver. “The Company has significant value and can be reorganized, as a going concern,” he wrote, emphasizing that a fire-sale liquidation is unnecessary. The lawsuit against Uncle Nearest The Black-owned brand was in dire straits, […] The post Black Woman-Owned Uncle Nearest Is Viable And Has “Significant Value,” Report Says appeared first ...| POCIT. Telling the stories and thoughts of the underrepresented in tech.
Uncle Nearest, a Black-owned Tennessee whiskey brand, may be heading towards bankruptcy as disputes persist over which assets fall under a federal receivership, according to recent court filings reviewed by the Lexington Herald-Leader. The development came from a lawsuit filed by lender Farm Credit Mid-America, which claims Uncle Nearest, Nearest Green Distillery, and its founders, Keith […] The post Black Woman-Owned Uncle Nearest Whiskey, Once Worth $1.1B, Could Now Be At Risk Of Bankrup...| POCIT. Telling the stories and thoughts of the underrepresented in tech.