Gaucho Group Holdings, Inc. Announces $44 Million ELOC

Leverageable Funding Now Accessible to Lay Foundation to Achieve Objectives in Growth and Scale of the Company's Diverse Assets

MIAMI, FL / ACCESSWIRE / February 2, 2023 / Gaucho Group Holdings, Inc. (NASDAQ:VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods and accessories, announced today is growth strategy leveraging its previously announced $44 million ELOC. With this funding now in place, the Company believes it can lay the foundation for growth of its assets in lodging, hospitality, wine & spirits, retail, and e-commerce.

With an approved $44 million equity line of credit, the Company states it now has a funding mechanism for its growth plans in 2023 and beyond. This includes infrastructure expansion for its luxury vineyard estate development, Algodon Wine Estates, such as the build out of residential villas and commercial elements associated with the estate's sports and hospitality sector, as well as marketing efforts targeting its lot sales program. The Company previously announced that it anticipates its lot sales program can potentially generate $5 Million or more in sales in 2023 alone, and its planned 60-room hotel and spa (which is also slated to include 30-50 residences, and for which the Company seeks to co-brand with a luxury hotel brand) could generate an additional $25 million per year of revenue once complete. With the Masterplan's addition of 200 more lots, ranging in size from 2.47 acres to 6 acres, the Company anticipates the potential to generate more than $100 million in revenue.

Plans also target the Company's high end wine products, Algodon Fine Wines, which includes marketing efforts to further increase distribution channels, e-commerce sales and international markets, such as Argentina's neighbor Brazil, which is the world's 3rd largest market for online wine sales.

The Company intends to continue efforts to scale the growth of its leather goods and accessories brand, Gaucho - Buenos Aires, which celebrated its flagship opening last year at the Miami Design District, located among the likes of widely recognized luxury retail brands such as Off White, Bottega Veneta, Gucci, and Chanel, and many others. The Company intends to target e-commerce revenue growth with an aggressive marketing campaign, as well the anticipated forthcoming launch of its Resort Collection and a luggage + travel accessories collection, later this year.