Welcome to our dedicated page for LQR House news (Ticker: LQR), a resource for investors and traders seeking the latest updates and insights on LQR House stock.
LQR House Inc. (LQR) operates a specialized e-commerce platform connecting premium spirits brands with consumers through advanced digital marketing solutions. This page serves as the definitive source for official company announcements and industry developments.
Access real-time updates including earnings reports, strategic partnerships, product launches, and technology initiatives. Investors will find essential financial updates while industry observers gain insights into emerging trends in alcohol e-commerce and digital marketing innovation.
Our curated news collection features verified press releases covering operational milestones, marketing campaign results, and regulatory developments. Content categories include brand collaborations, platform enhancements, and market expansion efforts within the spirits sector.
Bookmark this page for streamlined access to LQR House's evolving story in the competitive beverage marketplace. Check regularly for authoritative updates directly from corporate sources and verified industry publications.
LQR House (NASDAQ:YHC) has announced a 35-for-1 reverse stock split effective April 21, 2025. The strategic move aims to maintain Nasdaq listing compliance and strengthen the company's capital structure. The split will automatically convert every 35 shares of common stock into 1 share, reducing outstanding shares from 37,336,947 to approximately 1,066,770.
The company's stock will continue trading under the symbol 'YHC' with a new CUSIP number 50215C307. The reverse split will also affect stock options and warrants, with fractional shares being rounded up. Additionally, authorized shares will decrease from 350,000,000 to 10,000,000.
LQR House (NASDAQ:YHC) has signed an exclusive distribution agreement with Of The Earth Distribution (OTE) to launch SWOL Tequila in Greece and Thailand. The agreement, signed on April 1, 2025, aims to leverage OTE's established networks to accelerate growth in these emerging markets.
OTE's CEO Jason Pucci noted strong initial interest among their network partners, highlighting significant potential for premium tequila in these less saturated markets. The expansion aligns with LQR House's strategy to scale its premium portfolio globally through strategic distribution partnerships.
Additionally, the company announced board member David Lazar's resignation on April 2, 2025. Lazar's tenure was marked by his contributions to cost-saving initiatives and operational efficiencies, as well as his role in introducing impactful new board members.
LQR House (NASDAQ:YHC) reported its audited financial results for 2024, showing significant revenue growth of 123.2% to reach $2,501,660, compared to $1,120,622 in 2023.
The company underwent major restructuring efforts in collaboration with activist investor David Lazar, implementing retention and severance packages that resulted in higher operating expenses. The restructuring included team reorganization, discontinuation of high-cost verticals, and appointment of new board members focused on cost management and international expansion.
CEO Sean Dollinger highlighted the company's transformation, emphasizing growth in both their core e-commerce platform and SWOL Tequila brand. LQR House aims to achieve EBIDA positive status in 2025 through operational efficiency and strategic expansion initiatives.
LQR House (NASDAQ:YHC) has secured a second major purchase order from Of The Earth Distribution Corp. (OTE) for 168 cases of SWOL Tequila following LCBO approval in Canada. The order comes after over 50% of the initial inventory has already sold in Ontario.
The company is leveraging a strategic opportunity by shipping SWOL Tequila directly from Mexico to Canada, bypassing U.S.-Canada alcohol tariffs and trade barriers. OTE is expanding distribution to select restaurants and bars across Ontario province, with plans for further growth.
This success validates SWOL Tequila's premium positioning and consumer appeal in the Canadian market, where access to high-end tequila brands may become due to trade restrictions. The partnership between LQR House and OTE demonstrates effective market execution in delivering sought-after brands to new markets.
LQR House (NASDAQ:LQR) has announced a strategic marketing partnership with Loca Loka Tequila to boost brand awareness and sales through CWSpirits.com. Loca Loka Tequila, co-founded by actor Rana Daggubati and music artist Anirudh Ravichander, represents a unique fusion of Indian and Mexican heritage in the premium tequila market.
The brand produces its tequila using mature agaves aged six years or more from the Los Altos highlands, known for superior sweetness and complex flavors. Currently offering Blanco and Reposado expressions, Loca Loka plans to launch an Añejo expression by Q1 2025.
CEO Sean Dollinger highlighted the tequila industry's vitality and continuous innovation, expressing confidence in LQR House's influencer network to effectively promote Loca Loka's unique story and drive sales through their e-commerce platform.
LQR House (NASDAQ:LQR) has launched an official merchandise line for its SWOL Tequila brand, expanding beyond traditional spirits retail. The collection features long-sleeve shirts and crew socks incorporating SWOL's distinctive branding. A key feature is the integration of SWOL Tequila's signature peel-off sew-on patch, which allows consumers to customize their clothing and accessories with the brand's logo.
The merchandise is being produced in small batches, with plans for exclusive capsule launches throughout the year. CEO Sean Dollinger emphasized that the peel-off patch concept was designed to create a lasting connection with consumers beyond their drinking experience. The merchandise is available through the company's e-commerce platform.
LQR House (NASDAQ:LQR) reported a 27.93% year-over-year revenue growth in December 2024, with revenues reaching $341,896.64 compared to $267,238.41 in December 2023. The company, which operates as a niche ecommerce platform in the spirits and beverage industry through CWSpirits.com, attributes this growth to strategic initiatives, including partnership development and expanded marketing services.
Since its public listing in August 2023, the company has focused on securing new marketing contracts and strengthening its business foundation. While growth rates have moderated from the initial spike following CWSpirits.com's integration, the company maintains positive momentum. With new board members joining, LQR House enters 2025 with renewed strategic focus on delivering innovative solutions in the spirits and beverage sector.
LQR House (NASDAQ: YHC), a niche e-commerce platform in the spirits industry, has announced two key appointments to its Board of Directors. Lijun Chen has been named Chairman, bringing extensive experience in international trade, real estate, biotechnology, and e-commerce. Dr. Jing Lu joins as a board member, contributing significant financial leadership expertise from her roles at Bowen Acquisition and various financial institutions.
These appointments follow the resignations of Gary Herman and James Huber from the board. CEO Sean Dollinger expressed enthusiasm about the new appointments, highlighting their potential impact on the company's future growth and innovation in the e-commerce and spirits markets.
LQR House (NASDAQ:YHC) reported significant growth in November 2024, with revenue reaching $384,662.12, marking a 19.95% year-over-year increase from November 2023's $320,666.51. The company also achieved a notable 61% month-over-month revenue surge from October 2024's $238,159.57.
This growth is particularly impressive as November 2024's figures exclude Cyber Monday sales (which fell in December), unlike November 2023's numbers. Additionally, LQR House has regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing bid price of $1.00 or greater for 10 consecutive business days from November 29 through December 12, 2024.
LQR House (NASDAQ:LQR) announced its shares will begin trading under the new ticker symbol 'YHC' on the Nasdaq Capital Market starting December 16, 2024. The change from 'LQR' reflects the strategic vision of recently nominated board members Yilin Lu and Hong Chun Yeung, who bring experience from Cantor Fitzgerald Capital Market in Hong Kong and Goldman Sachs. The new ticker 'YHC' means 'one bottle' in their native language, symbolizing the company's commitment to uniting cultures through spirits. CEO Sean Dollinger expressed confidence that this change represents the fresh perspective needed for growth, particularly in Asian markets.
