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Reed's (REED) Stock News, Jun-Jul 2020

REED Nasdaq

Reed’s, Inc. reports company developments for a branded beverage business built around handcrafted, natural ginger beverages and other craft beverage brands. Its updates commonly cover financial results, conference calls, distribution and channel initiatives, product and brand activity under the Reed’s, Virgil’s and Flying Cauldron names, and operating priorities such as sales execution, supply chain efficiency and margin improvement.

Reed’s news also includes governance and capital-structure actions, including executive appointments, board changes, public equity offerings and its completed listing on NYSE American. The company’s beverages are sold through national retail and food-service channels, including grocery, specialty, mass, drug, convenience, club and on-premise locations.

News
Rhea-AI Summary

Reed's Inc. (NASDAQ: REED) has launched its popular non-alcoholic butterscotch cream soda, Flying Cauldron, on Amazon, enhancing accessibility for consumers. This unique beverage combines butterscotch and vanilla flavors, crafted with natural ingredients and free from artificial additives. To celebrate, Reed's is offering a 10% discount on orders until July 31, 2020. The company is also conducting a sweepstakes for fans to win cases of Flying Cauldron and sweet treats, further engaging with its customer base.

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Rhea-AI Summary

Reed's Inc. (NASDAQ: REED) has launched its first alcoholic beverage, Reed’s® Zero Sugar Classic Mule, a ready-to-drink ginger mule developed in collaboration with Full Sail Brewing Co. This sugar-free, keto-friendly beverage is made with fresh ginger root and has 7% alcohol content. Priced at $10.99 per 4-pack, it targets consumers looking for healthier cocktail options. The launch aligns with the rising popularity of Moscow Mules and aims to meet consumer demand for authentic, convenient drinks. The product is available at retailers nationwide.

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FAQ

What is the current stock price of Reed's (REED)?

Reed's (REED) last closed at $0.487.

What is the market cap of Reed's (REED)?

The market cap of Reed's (REED) is approximately $5.8M.