Mdwerks Inc Stock Price, News & Analysis

MDWerks (OTCQB: MDWK) has expanded its Board of Directors to four members with the appointment of Tim Brocopp as a new independent director, effective November 18, 2024. Brocopp brings nearly three decades of leadership experience in the beverage distribution industry. He previously served as President and CEO of Intermountain Distributing Company and started his career at Hensley Beverage Company. The appointment aims to support the expansion of MDWerks' Two Trees Beverage Company and RF Specialties subsidiaries.

MDWerks (OTC: MDWK) announced its uplisting from the OTC Pink Open Market to the OTCQB Venture Market, effective November 21, 2024. The company will continue trading under the ticker symbol 'MDWK'. The OTCQB Venture Market, operated by OTC Markets Group Inc., serves entrepreneurial and development stage companies, requiring current reporting status and annual verification processes. This move aims to enhance market visibility, improve transparency, increase share liquidity, and expand the potential investor base.

MDWerks' subsidiary Two Trees Beverage Company has launched Climax Honey Raspberry Flavored Whiskey™, the first flavored whiskey in Tim Smith's portfolio. Tim Smith, star of Discovery Channel's Moonshiners, developed this new creation using his family's century-old moonshine recipe with a modern twist of honey and raspberry flavors. The whiskey is produced using Two Trees' Sustainably Matured™ method.

Steven Laker, CEO of MDWerks, expressed pride in the new product and anticipates expanding into the rapidly growing flavored whiskey category. Tim Smith emphasized the use of all-natural ingredients and the unique tasting experience. The new whiskey will be featured in Season 14 of Moonshiners and will be available for purchase online and in liquor stores across the United States in Fall 2024.

MDWerks' subsidiary Two Trees Beverage Company has partnered with Green Glass Global, a leading independent wine and spirits broker, to enhance its sales initiatives. This collaboration aims to place Two Trees® and Tim Smith Spirits® branded products in front of key purchasing decision-makers nationwide, including major on- and off-premise chains, independent direct buyers, and distributors.

The partnership leverages Green Glass Global's experienced team and industry relationships to expand Two Trees' sales footprint and drive growth. Green Glass Global's connections with large blue-chip chain retailers in the US are expected to provide new exposure for Two Trees' products. The collaboration is anticipated to benefit both companies, with Two Trees' focus on sustainability and award-winning whiskeys aligning well with Green Glass Global's purchase audiences.

MDWerks (OTC: MDWK) announced that its subsidiary, Two Trees Beverage Company, will be featured on Viewpoint, an educational TV series hosted by Dennis Quaid. The segment, airing nationally on public television during the week of September 30, 2024, will highlight Two Trees' patented Sustainably Matured™ technology in the fine spirits industry.

The documentary is expected to reach over 60 million US households. A one-minute commercial for Two Trees will also air on major networks between September 9-30, 2024. Two Trees' technology reduces aging time, wood consumption, energy use, and barrel storage space compared to traditional methods, promoting sustainability and reducing carbon footprint. This method can produce the equivalent of 25 or more barrels from one oak tree, compared to 2-3 barrels in traditional processes.

MDWerks announced that its common stock has transitioned to trading on the OTC Expert Market under the ticker 'MDWK'. This change is due to the company's failure to timely file its Annual Report on Form 10-K for the fiscal year ending December 31, 2023, with the SEC. Previously, the company filed a Form 12b-25, citing the need for additional time to complete year-end procedures and the audit. MDWerks is actively working to finalize these procedures and aims to file the Form 10-K soon to restore its trading status on the OTC Pink Market.