Think of it as a boutique Constellation Brands, but focused on crafting premium, wellness-oriented spirits, wines, and non-alcoholic drinks.

It's like a 'clean label' beverage company, aspiring to be a modern Pernod Ricard for health-conscious consumers.

• Spirits: Premium alcoholic beverages offered within their diversified beverage platform.
• Wine: Alcoholic beverages, part of their diversified portfolio, with a focus on their wine portfolio being revised due to market shifts.
• Non-alcoholic Alternatives: Beverages designed as alternatives to alcoholic drinks, aligning with consumer shifts toward wellness.

Amass Brands (AMSS) serves a diverse customer base. Based on the provided information, its major customers and customer categories include:

• Full Glass Wine Co. ("Full Glass"): This is a specific customer company with whom Amass Brands has significant commercial relationships, including fixed-price and minimum purchase/take-or-pay obligations. Full Glass is currently in default under an agreement, and losses associated with these arrangements have had a material adverse effect on Amass Brands. The company's symbol is not provided, indicating it is likely not a public company.
• Wholesalers: Amass Brands distributes its products through wholesale channels in the United States.
• On-premise establishments: The company's products are sold to on-premise locations, such as restaurants and bars.
• Individual consumers: Amass Brands also sells directly to consumers through its direct-to-consumer (DTC) channels.

Mark Thomas Lynn
Chief Executive Officer

Mark Thomas Lynn is the Founder and CEO of AMASS Brands. An Irish-born entrepreneur, he founded AMASS Brands Group and was also the founding CEO of De Soi. He co-founded Winc, a wine subscription service, and Amass Brands later acquired Winc's operating assets. His entrepreneurial background includes involvement in various ventures such as hotels, nightlife, real estate development, restaurants, payments, SaaS (Playcoed.com, which was sold to 212 Media), and sports leagues (Denver Sport and Social, sold to SportsMonster).

Zachary Ament
Chief Financial Officer

Zachary Ament serves as the Chief Financial Officer of AMASS Brands, Inc. He previously held the position of CFO and Secretary of AMASS Brands, Inc. prior to assuming his current role in December 2024.

Erin K. Green
Chief Operating Officer & Director

Erin K. Green is the Chief Operating Officer and a Director at AMASS Brands, Inc. She commenced her role as Chief Operating Officer in December 2022.

Key Business Risks for Amass Brands (AMSS)

1. Significant Financial Losses and Operational Disruption from Dealings with Full Glass Wine Co. Amass Brands has incurred and expects to continue incurring losses on a supplier agreement with Full Glass, selling finished goods below cost. Furthermore, Full Glass is currently in default under a multi-year production agreement, and a settlement is being negotiated. These arrangements have had, and may continue to have, material adverse effects on the company's gross profit and cash flows.
2. Adverse Market Dynamics and Evolving Consumer Preferences. The markets in which Amass Brands operates are subject to evolving consumer preferences and broader industry dynamics. Specifically, the wine category in North America has seen declining volumes in recent years, signaling changes in demographics and preferences, making growth more challenging. The company is also taking a disciplined approach to its spirits segment, with near-term deprioritization in 2026 as it seeks opportunities for renewed growth.
3. Losses and Liabilities from Unfavorable Bulk Wine Purchase Commitments. The company maintains firm purchase commitment contracts for bulk wine where the net realizable value of committed purchases is below the firm purchase commitment value. This resulted in a recorded liability of $2.9 million and a corresponding charge during 2024.

The ongoing commercial relationship with Full Glass Wine Co., which includes selling finished goods below the cost of production, incurring significant losses and liabilities related to firm purchase commitments, and Full Glass's current default on a multi-year production agreement. These issues have had, and may continue to have, material adverse effects on Amass Brands' gross profit and cash flows.

The addressable markets for Amass Brands' main products in the United States are as follows:

• Spirits: The U.S. spirits market was valued at USD 121 billion in 2025.
• Wine: Total consumer spending on wine in the U.S. reached over USD 115.33 billion in 2025.
• Non-alcoholic Alternatives: The U.S. non-alcoholic beverages market size was estimated at USD 298.4 billion in 2024.

Amass Brands (AMSS) anticipates several key drivers for future revenue growth over the next 2-3 years, primarily by leveraging its diversified premium beverage platform and capitalizing on evolving consumer preferences.

1. Expansion of Distribution and Retail Footprint: Amass Brands aims to significantly increase its market presence by nearly tripling its retail footprint to over 100,000 locations by 2028. The company already distributes to more than 40,000 points of sale globally.
2. Strategic Acquisitions: The company employs an aggressive mergers and acquisitions (M&A) strategy, viewing targeted acquisitions as a key component for driving future growth. This approach has historically contributed to substantial revenue increases, as evidenced by the acquisition of Winc in 2023.
3. Innovation and New Product Launches: Amass Brands is committed to ongoing innovation and the introduction of new product lines, particularly within high-growth categories. The company has a history of launching successful products, including award-winning botanical spirits, and continues to invest in new incubations.
4. Capitalizing on Consumer Trends in Health, Moderation, and Premiumization: Amass Brands is strategically positioned to benefit from long-term consumer shifts toward health-conscious, moderate, and premium drinking occasions. The company's multi-category portfolio, which includes non-alcoholic and functional beverages, aligns with these trends. The U.S. non-alcoholic beverage market is projected to grow substantially, as is the functional beverage market.
5. Scaling its Diversified Portfolio: The company is focused on scaling its existing portfolio of nine core brands across non-alcoholic alternatives, functional wellness products, and premium alcoholic beverages. This strategy involves leveraging established brands like Good Twin Non-Alcoholic Wine and Summer Water Rosé, which are noted as market leaders in their respective categories.

Share Repurchases

• AMASS Brands completed a direct listing on Nasdaq on May 20, 2026, which involved existing shareholders selling stock, and the company itself did not issue new common stock or raise new capital in this listing.

Share Issuance

• In December 2025, AMASS Brands raised $261,856 through a Regulation Crowdfunding offering at $8.98 per share.
• In May 2025, the company completed a Regulation CF crowdfunding campaign, raising $470,759 by issuing 61,892 shares of Common Stock at $8.55 per share.
• During 2024, AMASS Brands issued Series B-2 Preferred Stock in connection with a debt conversion, raising approximately $293,000, and further issued Series B-3 Preferred Stock in a follow-on financing, raising an additional $1.7 million.

Inbound Investments

• AMASS Brands has raised a total of $92.4 million in funding.
• The company has attracted high-profile investors including Derek Jeter, Adam Levine, Behati Prinsloo, and First Beverage Group.
• Investors, including MVL and Streeterville Capital, have contributed approximately $37.6 million in fair market value up to April 2026.

Outbound Investments

• In 2023, AMASS Brands acquired the assets of Winc.
• The company completed a Merger/Acquisition with Tequila Calirosa on October 15, 2024.
• In 2022, AMASS acquired substantially all assets and liabilities of GEM&BOLT, LLC, which included acquiring the equity interest in ART+ PLANTS HEALS DE RL DE CV, a Mexican subsidiary for mezcal production.

Capital Expenditures

• AMASS Brands reported very low capital expenditures, with a trailing twelve months (TTM) capital expenditure of approximately -$17.47K as of May 21, 2026.
• Annual cash flow statements show capital expenditures of approximately -$0.0 million for the years ending December 2022, December 2023, and December 2024, and for the TTM period ending December 2025.