Panache Beverage Inc. has missed an interest payment and defaulted on a loan.

New York-based Panache develops spirits brands, including Wodka Vodka, Alibi American Whiskey and Alchemia Infused Vodka. The company owns a distillery in Florida, where it is developing a high-proof vodka called Old South Shine. Panache says in filings with the U.S. Securities and Exchange Commission that it hopes to sell the brands as they mature.

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