Bourbon investment platform CaskX, known for selling barreled bourbon investments, is expanding globally amidst soaring demand for premium bourbon. It has partnered with distilleries across the U.S., such as Kentucky Artisan Distillery and Jackson Purchase Distillery, amassing over 10,000 barrels for international investors. Currently operating across three continents, CaskX expects further growth in 2023.
CaskX assists clients in building portfolios of bourbon barrels to match their investment objectives. Purchased barrels are certified, insured, and stored at regulated facilities until they’re bottled or resold, providing investors with a unique opportunity to diversify their portfolios.
CaskX’s innovative approach helps distilleries generate instant cash flow and investors tap into the appreciating value of high-end bourbon. The firm’s model is praised by partners, like Chris Miller, President of Kentucky Artisan Distillery, for aiding the growth of the distilling industry.
Despite supply constraints, bourbon sales have seen an 85% growth in the U.S. in the past decade, with a 400% rise in the super premium segment. Demand is set to exceed 2 million barrels this year. Kentucky distilleries have experienced an unprecedented renaissance, with record-breaking production and investments projected for the future.
Facts about Kentucky Bourbon (according to the KAD):
- Kentucky distillers shipped $391 million of products abroad in 2020.
- Kentucky distillers produced 2.4 million barrels of Bourbon in 2020, and now have a record 10.3 million barrels stored in warehouses.
- There are five times more active distilleries in 2021 than there were in 2009.
- Distillers have invested more than $1.9 Billion over the last 5 years and are projected to invest $3.3 Billion over the next 5 years.
- Less than 3% of barrels in inventory have aged more than 8 years while less than 7% are aged over 6 years.
CaskX, established in 2020 by entrepreneur Jeremy Kasler, is a global leader in the bourbbon and scotch barreled spirits market, with offices in the United States, Australia, and Hong Kong. Visit www.caskx.com for more details.
