(PRNewswire) - Truett-Hurst, Inc. (NASDAQ: THST), which operates an innovative and fast growing super-premium and ultra-premium wine sales, marketing and production company based in the acclaimed Dry Creek and Russian River Valleys of Sonoma County, California, announced today that its subsidiary, H.D.D. LLC, sold its 50% membership interest in The Wine Spies. 

"Our limited share of the economics from The Wine Spies as well as the disappointing revenue and EBITDA performance over the last three quarters forced us to reevaluate our internet strategy," explained Truett-Hurst, Inc.'s Chief Financial Officer, Paul Forgue.

"Truett-Hurst's commitment to on-line direct to consumer business has never been stronger," remarked Phillip L. Hurst, Truett-Hurst, Inc.'s CEO. "We made the decision to sell our membership interest in The Wine Spies so that we can focus more resources to maintain and potentially accelerate the strong and profitable growth of our primary direct to consumer brands Truett Hurst and VML."

The sale, which was completed on January 25, 2016, has an effective date of December 31, 2015.