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Penelope Bourbon extends its line of award-winning ready-to-pour offerings with Black Walnut Old Fashioned

1. Penelope Bourbon launched Black Walnut Old Fashioned bottled cocktail. 2. The new cocktail expands Penelope's ready-to-pour product line. 3. Both cocktails won platinum medals at the 2025 ASCOT Awards. 4. Black Walnut Old Fashioned retails for $29.99 and is 76 proof. 5. Penelope Bourbon is part of MGP Ingredients’ Branded Spirits division.

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Why Bullish?

MGP Ingredients could see increased sales from Penelope's successful product launches. Brands with awarded products typically outperform in the market.

How important is it?

The launch of award-winning products can enhance brand reputation and drive up share value. Penelope Bourbon’s growth reflects positively on MGP's operational strategies, increasing investor confidence.

Why Short Term?

Immediate consumer interest in new products can boost short-term sales and stock performance. Market excitement around new launches shows a quick initial impact.

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Latest release in the red-hot segment expands Penelope's range of convenient and high-quality bottled cocktail offerings, /PRNewswire/ -- On the heels of its successful debut in the ready-to-pour market with its first-ever bottled cocktail, Peach Old Fashioned, Penelope Bourbon released its second award-winning handcrafted cocktail innovation – Black Walnut Old Fashioned. Perfect for summer occasions from backyard soirees to casual moments at home, Black Walnut Old Fashioned is Penelope's latest modern take on the favorite classic cocktail. On the heels of its successful debut in the ready-to-pour market with its first-ever bottled cocktail, Peach Old Fashioned, Penelope Bourbon released its second award-winning handcrafted cocktail innovation – Black Walnut Old Fashioned. Penelope doubles its footprint in the robust ready-to-pour market with the addition of Black Walnut Old Fashioned. This premium bottled cocktail is crafted with Penelope Bourbon's signature commitment to quality and craftsmanship. Black Walnut Old Fashioned features hand selected award-winning Penelope straight bourbon and rye whiskey blended with black walnut bitters and vanilla demerara, a rich and flavorful raw sugar with light traces of molasses for a warm caramel flavor. The result is an expertly crafted cocktail made for effortless enjoyment.  Bottled at 76 proof (38% ABV), Penelope Black Walnut Old Fashioned is available nationwide starting in August for a minimum suggested retail price of $29.99. The new variety is presented in Penelope's distinctive white matte 750mL ready-to-pour cocktail bottle with deep, rich walnut-colored bottle lettering. "The ready-to-pour market is exciting territory for us, and we're innovating again with Black Walnut Old Fashioned – our latest unique take on the classic cocktail," said Michael Paladini, Penelope Bourbon founder and vice president of strategy for MGP Ingredients.Penelope's latest unique take on the classic Old Fashioned opens with an aroma of warm vanilla, with hints of maple, allspice and cocoa. Tasting notes include fresh brown sugar followed by light allspice, cinnamon and vanilla on the palate with a finish of velvety toffee, hints of nut and lingering caramel."Black Walnut Old Fashioned is a great variation of the Old Fashioned that we love. Using our bourbon and rye blend as the foundation for this release creates an amazing base for a whiskey forward cocktail," said Danny Polise, founder and master blender of Penelope Bourbon. "We hope all will enjoy how easy it can be to experience a delicious Penelope cocktail."Both Black Walnut Old Fashioned and Peach Old Fashioned recently earned platinum medals in the Pre-Mixed Cocktail category at the 2025 ASCOT Awards. A product locator for the award-winning Penelope family of bourbons can be found here.ABOUT PENELOPE BOURBONFounded in 2018, Penelope Bourbon has become one of the fastest-growing award-winning premium whiskey brands. We offer a range of uniquely blended and finished straight bourbon and whiskey expressions known for their smoothness and rich flavor, and premium handcrafted ready-to-serve cocktails. Our products have won more than 50 spirits industry awards including best in class finalist and a double gold medal for Toasted at the 2025 San Francisco World Spirits Competition. Wheated earned a double platinum medal and Peach Old Fashioned and Black Walnut Old Fashioned ready-to-pour cocktails earned platinum medals at the 2025 ASCOT awards. We continue to innovate within our Cooper Series, Limited Releases and Estate Collection to further establish our place among the top premium whiskey brands and prove that with passion, dedication, and love, anything is possible. For more information, visit PenelopeBourbon.com and follow on Facebook and Instagram.ABOUT LUXCOFounded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco operates as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.CONTACT: Patrick Barry, BYRNE PR314-540-3865[email protected]SOURCE Penelope Bourbon WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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