Panache Beverage Inc. has come to a forbearance agreement with a lender that ends on June 6.
New York-based Panache is an alcoholic beverage company that specializes in developing and growing spirits brands. The company's brands include Wodka Vodka, Alibi American Whiskey and Alchemia Infused Vodka. The company also owns a distillery in Florida, where it is developing a high-proof vodka called Old South Shine. The company has a "build and exit" business strategy, and plans to sell the brands as they mature.