Reeds Stock Price, News & Analysis

Reed’s Inc. announces the limited-time return of Virgil's Dr. Better soda, responding to high consumer demand. The original formula features natural ingredients like tart cherry and spicy cinnamon, now with added caffeine. CEO Norman E. Snyder emphasized the company's commitment to consumer feedback and has improved supply chain processes to meet this demand. The product will be available online in 12-can packs at $30, with an Amazon listing priced at $32.99. Reed's portfolio includes various craft sodas and ginger beers, distributed across 40,000 retail locations nationwide.

Reed's Inc. (Nasdaq: REED) will release its financial results for Q4 and the full year ending December 31, 2020, after market hours on March 30, 2021. A conference call for analysts and investors will take place at 4:30 p.m. ET the same day. Interested parties can access the call via Reed's investor website or by dialing in at (877) 425-9470 for U.S. callers. A replay will be available on the company's website for 90 days. Reed's is known for its handcrafted, all-natural beverages, including the leading Ginger Beer brand in the U.S.

Reed’s Inc. (NASDAQ: REED), America’s leading ginger company, is celebrating National Ginger Ale Day by offering 2,000 cans of its renowned REAL Ginger Ale for free on March 13. Each can contains 2,000 milligrams of fresh organic pressed ginger. Customers can redeem this offer by visiting drinkreeds.com/get-reeds. Additionally, Reed’s is hosting a sweepstakes until March 31 for a chance to win a Reed’s-branded Moke vehicle valued at over $18,000. The promotion emphasizes the unique quality of Reed’s products, made from real ginger, setting them apart in the market.

Reed's Inc. (NASDAQ: REED), a leader in ginger beverages, has partnered with Unique Foods Inc. to boost distribution across Canada. This master agreement aims to enhance market presence for Reed's Ginger Beer and Virgil's handcrafted sodas. CEO Norman E. Snyder highlighted the demand for all-natural drinks, indicating that this partnership will broaden their consumer reach. Unique Foods, with over 25 years of experience in premium beverage distribution, is well-positioned to support Reed's growth in the Canadian market.

Reed's Inc. is launching a promotional campaign, giving away a unique Moke vehicle filled with REAL GINGER ALE, valued at over $18,000. This initiative aims to engage consumers as they enter 2021, highlighting Reed's commitment to innovative, quality beverages made with real ingredients. The sweepstakes runs until March 31, 2021, and is accessible via Facebook and Instagram. Reed's ginger ale is distinguished for using 2,000 milligrams of fresh ginger, setting it apart from competitors.

Reed’s Inc. (Nasdaq: REED) announced preliminary unaudited revenue for Q4 and full year 2020, projecting Q4 net sales at approximately $10.3 million, reflecting a 44% increase year-over-year and 22% sequential growth. For the entire year, net sales are estimated at $41.3 million, a 22% rise from $33.8 million in 2019. CEO Norman E. Snyder highlighted the brand's resilience amidst pandemic challenges, indicating strong support and future opportunities.

Reed’s Inc. (Nasdaq: REED) has successfully closed its public offering of 21,562,500 shares at $0.56 each, generating approximately $12.1 million in gross proceeds. The offering saw participation from Reed's Board and management, investing around $625,000. The funds will be used primarily to pay down $4.6 million of senior credit and $4.25 million of the Raptor Note, with the remainder allocated for working capital and corporate purposes. The CEO expressed confidence in the company's growth trajectory, stating the offering bolsters the balance sheet for future opportunities.

Reed’s Inc. (Nasdaq: REED) has announced a public offering of 18.75 million shares at $0.56 per share, aiming for gross proceeds of approximately $10.5 million. The offering includes an additional option for underwriters to purchase 2.81 million shares. The funds will be used to repay $4.6 million under a senior credit facility and $4.25 million for a secured convertible note, with remaining proceeds allocated for working capital and general corporate purposes. The offering is expected to close on November 24, 2020, pending customary conditions.

Reed’s Inc. (NASDAQ: REED) announced an underwritten public offering of common stock, with a 45-day option for underwriters to purchase additional shares. The offering's completion and terms are uncertain. Proceeds will be used to repay approximately $4.6 million under its senior credit facility and $4.0 million under the Subordinated, Convertible, Non-Redeemable Secured Note, with remaining funds allocated for working capital. Roth Capital Partners acts as the sole book-running manager. A shelf registration statement for the shares has been filed with the SEC.