
The Team to
Make It Happen
A landmark ruling opened the door.
This team knows how to walk through it.
Vision needs proven builders. Kerry Damskey helped build Sula Wines from its first vintage in 1997 to its 2022 IPO, and he has been involved in bringing more than 80 vineyards to success. He has made wine across California and Washington and consulted in India, China, and Bulgaria. Tom Heshion was part of the Auto-By-Tel.com IPO, valued at $570M, and Auto-By-Tel was the first dot-com to file for a public offering. Over his career, Tom has raised $138 million. Together, they turn a landmark ruling into a vineyard business. World-class winemaking meets proven capital-raising. Now you’re invited to be a part of it.
A Landmark Decision That Changed the Industry

Here’s the door. For decades after Prohibition, wineries couldn’t sell directly, not even to a nearby retailer. Every bottle went through a distributor, and the distributor kept a significant share of the margin. In 2005, the Supreme Court’s Granholm v. Heald decision began to change that by ruling that states can’t discriminate against out-of-state wineries on direct wine sales.
Then tariffs widened the door. Duties on imported wine raise the cost of foreign bottles before they reach the shelf, which strengthens the price position of American-made wine. Granholm opened the direct channel, and tariffs make the imported competition more expensive.
State-by-state regulations became a puzzle, and our managers have organized it. Together with tariffs, that creates a real commercial opportunity. Grapes, or unfermented juice, can be sourced nationally or, where the economics work after duties, globally, then transported into most U.S. states for local fermentation. Where state law allows, this structure lets a winery self-distribute, improve margins, and compete on both price and profitability.
Kerry and Tom are the team to execute it.

Market Shifts Create a Window of Opportunity
The timing is right. According to the 2026 BMO Wine Market Report, Americans spent more than $115 billion on wine in 2025, including restaurant and retail markups, even as volume declined. Much of that growth came from wine bars, restaurants, and direct to consumer. Â
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At the same time, California is in a vineyard reset. The 2025 harvest was one of the smallest since 1999, growers have removed more than 85,000 acres of winegrapes, and a quarter of wineries are considering selling their production facilities. U.S. wine imports fell 25% in value in the first half of 2026.
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Vineyard assets can now be acquired at below-market prices.
Pairing undervalued vineyards with the Granholm decision, a winery can sell direct, capture the retail margin, and explode the value of the vineyard.
Sources:
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2026 BMO Wine Market Report: consumer spending, the 2025 harvest, and the winery survey.
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California Association of Winegrape Growers, 2025 and 2026 Winegrape Mapping Projects: acres removed (38,134 and 47,229).
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OIVE customs data via The Drinks Business, August 2026: first-half 2026 import decline.
Here’s how it works. Granholm opened the door to direct-to-consumer wine shipping, and winery shipping is now allowed in nearly every state. Only Utah bars it outright, whereas Delaware and Rhode Island remain impractical. That leaves 47 states open to a winery model like ours.
Iconic Vineyard Holdings sources grapes or unfermented juice from premium vineyards and ferments the wine at our own locations. Where state law allows, we self-distribute. Producing in multiple states expands our direct-to-consumer reach and captures more of the value created across production and retail, adding meaningful value to our vineyards.
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Sources:
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Sovos ShipCompliant, 2026 direct-to-consumer wine shipping state data.
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Granholm v. Heald, 544 U.S. 460 (2005).
Unlocking a 47-State
Direct-to-Consumer Model

An Integrated Model Designed for Long-Term Growth
Our integrated model is designed to create a more efficient business structure while supporting long-term growth and expansion across multiple markets. We aim to:

Expert Review
Every property goes through expert review before we commit. Kerry Damskey assigns Tom Pernice and his team at CropCare to take soil samples. If the results show great potential, we tie up the land.

Acquire and Develop
We then acquire or develop vineyards with strong potential for improvement, including assets the current market has put up for sale.

Production Optimization
At harvest, premium brands are hand-picked from the top 10% of the crop, while modern machinery harvests the balance faster and with high quality.

Multi-Channel Retail
Sell wine through company-controlled or partner-controlled wine bars, tasting rooms, wine stores, and approved wholesale backstop channels.

Full Chain Capture
Capture value across the full chain: land, grapes, transportation, wine, retail experience, and customer relationship. Every step we own adds margin, and every improvement we make to the vineyard (plantings, irrigation, a tasting room, and a recognized brand) builds the long-term value of the land itself.

