Chilco River Holdings Enters Premium Alcohol Beverage Sector, Targets Strategic Acquisitions to Accelerate Growth

Rhea-AI Summary

Chilco River Holdings (OTC Pink: CRVH) has announced a strategic pivot into the premium alcoholic beverage industry, focusing on acquiring premium brands in craft spirits and ready-to-drink cocktails (RTDs). The company has achieved Pink Current Information status with OTC Markets and is currently in advanced negotiations with multiple acquisition targets.

As part of this transformation, Chilco has formally canceled prior agreements with Leuffer Desarrollos SA de CV, American Hemp Brands, Inc., and L Myers Associates to focus entirely on the premium alcohol sector. CEO William Lovett emphasized the company's commitment to building shareholder value through strategic acquisitions in this dynamic market.

Positive

• Achievement of Pink Current Information status with OTC Markets, enabling M&A activity and capital raising
• Strategic entry into the growing premium alcoholic beverage market
• Advanced negotiations with multiple acquisition targets already underway
• Clean slate after cancellation of previous non-core agreements

Negative

• No specific acquisition targets or deals announced yet
• Previous business agreements were never consummated, indicating execution risks
• Company is entering a highly competitive premium beverage market

Chatsworth, California--(Newsfile Corp. - May 29, 2025) - Chilco River Holdings, Inc. (OTC Pink: CRVH) ("Chilco" or the "Company"), a rising force in brand acceleration, is thrilled to announce a transformative leap into the booming premium alcoholic beverage industry. This bold pivot marks the beginning of an ambitious growth strategy centered on acquiring standout brands and building a powerhouse portfolio in one of the most dynamic consumer markets.

The company is currently engaged in advanced negotiations with multiple acquisition targets including innovative upstarts and established premium labels. Chilco is positioning itself at the forefront of a surging industry driven by demand for craft spirits, ready-to-drink cocktails (RTDs), and luxury lifestyle beverages.

"The premium beverage space is exploding with opportunity," stated, Chief Executive Officer, William Lovett. "Our entry into this market is a game-changer, and we're already in deep discussions with brands that we believe can supercharge our trajectory and deliver lasting value to our shareholders."

As part of this strategic realignment, the Company has formally canceled prior agreements with Leuffer Desarrollos SA de CV, American Hemp Brands, Inc., and L Myers Associates. These transactions were never consummated and no longer reflect the Company's core business objectives. This provides a fresh start and allows Chilco to dedicate full resources and strategic efforts toward the premium alcohol sector.

"This marks a clean slate and a bold new direction for Chilco," continued Lovett. "The premium beverage space is full of energy and opportunity, and we are excited to dive in. With the right strategy and execution, we believe we can build something truly impactful for our shareholders."

In parallel with its renewed business direction, Chilco is proud to announce it has achieved Pink Current Information status with OTC Markets. This milestone not only underscores the Company's commitment to transparency but also unlocks powerful new levers for growth, including M&A activity, capital raising, and the onboarding of top-tier leadership.

With a clear vision and renewed focus, Chilco River Holdings is moving forward with determination and purpose. The Company is committed to transparency, disciplined execution, and consistent communication with shareholders. As it enters the premium alcohol space, Chilco is well-positioned to seize new opportunities and build lasting value in one of today's most dynamic markets.

About Chilco River Holdings, Inc.

Chilco River Holdings is a U.S.-based brand accelerator focused on identifying and acquiring premium consumer products with high-growth potential. The Company is currently targeting acquisitions in the premium alcohol beverage sector, including spirits, and ready-to-drink brands.

For more information, please contact:

Investor Relations

Chilco River Holdings, Inc.

Email: info@chilcoriver.com

Website: www.chilcoriver.com

Forward-Looking Statements:

This press release contains forward-looking statements, including statements regarding the Company's strategic direction, acquisition plans, and anticipated growth. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially due to factors such as market conditions, due diligence outcomes, and regulatory approvals. Chilco River Holdings undertakes no obligation to update these statements, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253741

FAQ

What is Chilco River Holdings (CRVH) new business strategy?

Chilco River Holdings is pivoting to the premium alcoholic beverage industry, focusing on acquiring craft spirits and ready-to-drink cocktail brands to build a premium beverage portfolio.

What does CRVH's Pink Current Information status mean for investors?

The Pink Current Information status enables Chilco River Holdings to pursue M&A activities, raise capital, and onboard top-tier leadership, demonstrating commitment to transparency.

Which previous agreements did CRVH cancel in May 2025?

Chilco River Holdings canceled agreements with Leuffer Desarrollos SA de CV, American Hemp Brands, Inc., and L Myers Associates as they no longer align with the company's new focus.

Who is the CEO of Chilco River Holdings (CRVH)?

William Lovett is the Chief Executive Officer of Chilco River Holdings.

What types of acquisitions is CRVH targeting in 2025?

CRVH is targeting acquisitions of innovative upstarts and established premium labels in the craft spirits and ready-to-drink cocktails (RTDs) sectors.