Scheid Vineyards Inc. Reports Earnings Results for the First Quarter Ended May 31, 2023

Scheid Vineyards Inc. is a wine company. The Company conducts all of its business through its wholly owned subsidiary, Scheid Vineyards California Inc., a California corporation. The principal business of the Company is the production of premium varietal wine grapes and wine, the operation of a custom crush winery facility, and the sale of bottled wine through wholesalers and directly to consumers. The Company operates premium wine grape vineyards in Monterey County, California. Its estate vineyards are located along a 70-mile spread of the Salinas Valley, encompassing four primary climate zones. Its globally distributed portfolio includes Scheid Vineyards, Sunny with a Chance of Flowers, District 7, Ryder Estate, Metz Road, and VDR. Scheid Family Wines also produces many regionally distributed brands for specific clients and distributors. It operates approximately 3,000 acres of wine grape vineyards near the city of Greenfield in Monterey County, California.