On May 3rd, Stradling client Ocotillo Holdings, LLC closed the first tranche of convertible debt financing from undisclosed investors in a private transaction.
Ocotillo is the parent entity of Harland Brewing Co, LLC (craft brewery), Claxton Cellars, LLC (wine brand) and Scout Distribution, LLC (independently-owned wine and beer distribution company), based in San Diego County. Scout recently partnered with Societe Brewing Company to begin delivering its craft beer throughout San Diego County.
Ocotillo is represented by Newport Beach-based Marc Alcser. Lisa Latham provided valuable assistance.