Welcome to our dedicated page for Reeds news (Ticker: REED), a resource for investors and traders seeking the latest updates and insights on Reeds stock.
Reed’s, Inc. (REED) generates a steady flow of company news through earnings releases, financing announcements, leadership updates and stock‑market related developments. As the owner of the Reed’s, Virgil’s and Flying Cauldron beverage brands, the company regularly reports on its progress in the natural and premium soft drink category, including ginger‑based beverages and craft sodas.
On this page, readers can follow REED news tied to quarterly and year‑to‑date financial results, where Reed’s discusses net sales, gross profit, operating expenses, liquidity and non‑GAAP metrics such as Modified EBITDA. These updates often include commentary on inventory actions, product portfolio optimization and changes in delivery, handling and marketing costs.
Reed’s also issues news about capital markets activity, such as private placements, underwritten public offerings of common stock and warrants, and its uplisting from the OTCQX Best Market to the NYSE American exchange. Related Form 8‑K filings and press releases describe how proceeds are intended to support growth initiatives, working capital and general corporate purposes.
Investors tracking REED can see organizational and governance developments, including corporate reorganizations, amendments to loan agreements, changes to bylaws, reverse stock split actions and the appointment or transition of key executives. Announcements introducing new leadership in marketing and operations provide additional context on the company’s commercial strategy and brand focus.
By reviewing the news feed for Reed’s, Inc., users can monitor how the company communicates its financial performance, financing decisions, strategic priorities and leadership changes over time. This page offers a centralized view of REED‑related headlines drawn from official press releases and SEC‑referenced announcements.
On May 5, 2021, Reed’s Inc. (Nasdaq: REED) announced a registered direct offering, planning to sell up to 6,680,000 shares of common stock at $1.18 per share, aiming for gross proceeds of $7.9 million. After fees and expenses, net proceeds are expected to be around $7.4 million. The closing is anticipated on May 7, 2021, contingent on standard conditions. Funds will be allocated to working capital and general corporate purposes, supporting distribution initiatives aligned with the company's strategic goals.
Reed's Inc. expands its presence in the beverage market, rolling out six new multipacks of Reed's and Virgil's beverages to over 1,000 CVS Pharmacy locations. This move responds to strong consumer demand for all-natural alternatives, building on the success of Reed's Extra and Zero Sugar Extra Ginger Beer. The new product lineup includes REALLY REAL Ginger Ale and Certified Ketogenic sodas from Virgil's in Zero Sugar flavors. The company continues to grow its distribution across various channels, significantly increasing brand visibility and availability.
Reed’s® and Virgil’s™ have expanded their distribution to over 200 military commissaries across the U.S., Puerto Rico, Europe, and Asia. This includes 179 stores in the U.S. and 57 international bases, increasing access to all-natural beverage options for military families.
The offerings include Reed’s® Original and Zero Sugar Ginger Beer, Reed’s® REALLY REAL Ginger Ale™, and Virgil’s™ Zero Sugar Root Beer, among others. CEO Norman E. Snyder highlighted the growing demand for these healthier alternatives within military communities.
Reed’s Inc. (Nasdaq:REED) reported strong financial results for Q4 and FY 2020, with net sales increasing 49% to $10.7 million in Q4 and 23% to $41.6 million for the year. The gross profit surged 490% in Q4 to $3.5 million, with gross margins improving to 33%. The operating loss for Q4 narrowed to $2.7 million, while annual net loss decreased to $10.2 million or $0.17 per share. Management expects 14% to 16% revenue growth for FY 2021 amid ongoing COVID-19 uncertainties, supported by expanded distribution and operational efficiency improvements.
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.