CaskX Partners with Maryland's Award-Winning Sagamore Spirit Distillery for New Whiskey Investment Offerings

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Dec 14, 2023, 17:30 ET

LOS ANGELES, Dec. 14, 2023 /PRNewswire/ -- CaskX, a pioneering force in the world of spirits investment, is thrilled to announce their latest American whiskey offering in collaboration with the prestigious and award-winning Sagamore Spirit distillery. Nestled in the heart of Baltimore Peninsula, a vibrant neighborhood in Baltimore, Maryland, Sagamore Spirit has earned widespread acclaim for their exceptional craftsmanship and unparalleled whiskey offerings.

CaskX has partnered with Sagamore Spirit distillery in Baltimore, Maryland to offer whiskey barrel investment portfolios to investors across the United States and beyond. Investors who purchase whiskey casks from CaskX benefit from holding a tangible asset that has historically increased in value as it ages over time.

Sagamore Spirit is a world-class waterfront distillery is located in the Baltimore Peninsula neighborhood that specializes in Maryland Rye Whiskey, a spirit that holds historical significance in preceding Kentucky Bourbon. Visitors to the distillery can enjoy tours and tastings in a beautiful setting that makes for memorable experiences. The on-site Rye Whiskey bar serves handcrafted cocktails, flight trays, and Exclusive releases.

CaskX is a platform that enables individual investors to purchase portfolios of American Whiskey barrels and Scotch Whisky casks as an alternative investment. Whiskey cask investment has risen to the forefront as a powerful diversification strategy offering the security of a tangible asset combined with the natural appreciation of a barreled spirit that gets better with time. CaskX manages acquisition, storage, monitoring and monetization of the assets.

Sagamore Spirit's American rye whiskies have earned more than 200 awards internationally, including World's Best Rye Whiskey in 2019 at the San Francisco World Spirits Competition. The dedication to quality is evidenced by their grain-to-glass approach of growing their own rye and corn on Sagamore Farm, where they also source their limestone-filtered spring water, to craft this exceptional whiskey. Sagamore seeks to bring the uniqueness of Maryland style rye whiskey to life as they continue to heighten their legacy.

"One thing that distinguishes Sagamore from other distilleries is its grain-to-glass commitment to quality. Whiskey is ultimately an agricultural product, so we grow approximately 1.8 million pounds of Serafino Rye and Non-GMO corn less than 30 miles from the distillery. Another thing that is unique about Sagamore is the lack of reliance on a single 'master distiller.' Instead, we foster a collaborative team environment that draws upon the collective experience of multiple distillers and sensory experts to create top-quality products," said Drew Thorn, CEO of Sagamore Spirit.

"The partnership between CaskX and Sagamore Spirit will provide accredited investors the opportunity to purchase full barrels of rye whiskey produced from the same mash bills that have formed the foundation of the distillery's award-winning product line. These portfolios of rye whiskey barrels offer investors the opportunity to profit from the appreciation of whiskey as it ages over time. In addition to the potential for monetary gains, investors will serve an important role in paving a path forward for Maryland rye whiskey by expanding production to meet future demand. This partnership is a win-win for both investors and Sagamore Spirit. Investors are able to acquire assets that are well positioned for future increases in value and the distillery can produce more of their exceptional expressions," said Jeremy Kasler, CEO of CaskX.

With whiskey growing in value by 13.85% annually over the past 10 years, it has swiftly emerged as one of the most compelling portfolio diversification strategies. International markets, from Asia to South America, are witnessing an unprecedented surge in the demand for high-quality whiskey. This growth is being amplified by the removal of European tariffs on bourbon imports, which has contributed to an even greater increase in demand across the continent. As an alternative asset class, whiskey casks stand apart as an asset that not only appreciates based on increases in market demand but can also rise in value due to the aging process of the spirit itself as it matures inside of the barrel. This unique characteristic has made whiskey investment rise in prominence among investors as they are drawn to the security of a tangible asset class that only improves with time.

About Sagamore Distillery

With the revival of the legacy of Maryland Rye Whiskey, Sagamore Distillery carries the torch, illuminating this timeless spirit. Rich in history, Maryland Rye preceded Kentucky Bourbon, and now, Sagamore Spirit is on a mission to reignite the whiskey's prominence on the global map. In 2019, Sagamore Spirit's Port Finish won Best Rye Whiskey in the world at the San Francisco Spirit Awards. In 2021 the Double Oak Rye at the Drinks Business & The Spirits Business Spring Blind Tasting was awarded one of only eight Master medals. Find out more about Sagamore Spirit at https://sagamorespirit.com/

About CaskX

Established as the market leader in whiskey cask investment in the United States, CaskX has pioneered whiskey investment as an alternative asset class, forging strategic partnerships with esteemed distilleries in the United States and Scotland. By collaborating with world renowned artisans, CaskX offers investors the opportunity to acquire newly distilled spirits that have the potential to become the top shelf whiskey of the future. Founded in 2019 by CEO Jeremy Kasler, CaskX's foundation blends passion and finance, curating whiskey portfolios that open the door to a new class of tangible assets that are positioned to protect and grow wealth for investors. CaskX continues to pave the way for an unparalleled whiskey investment experience, empowering connoisseurs and investors alike to acquire a portfolio of whiskey and engage in the exciting journey of spirits maturation. Find out more about CaskX at https://caskx.com

Notes to Editors:
CaskX Founder Jeremy Kasler is available for interviews. For all press queries, photos or to arrange an interview with Jeremy, please contact Cynthia Pathammavong: [email protected] / +1-310-807-7765

SOURCE CaskX