Welcome to our dedicated page for Splash Beverage Group news (Ticker: SBEV), a resource for investors and traders seeking the latest updates and insights on Splash Beverage Group stock.
Splash Beverage Group, Inc. reports developments for a portfolio of alcoholic and non-alcoholic beverage brands. Its recurring updates cover brand distribution for Pulpoloco sangria, SALT flavored tequilas, Copa di Vino wine by the glass, and hydration or recovery drinks, including retail authorizations and state-level alcohol-market access.
Company news also includes operating and financial results calls, capital-structure updates, private-placement activity, material agreements, shareholder voting matters, and governance changes. These items reflect Splash Beverage Group's model of managing and expanding consumer beverage brands through retail channels, distribution relationships, and public-company financing activity.
Splash Beverage Group (SBEV) announced a new distribution agreement with Tri County Beverage in Michigan to distribute its TapouT hydration drink. This marks the fifth major distribution agreement since November 2021. Tri County Beverage, serving Oakland and Macomb Counties, has annual sales of 3 million cases and is focusing on expanding hydration products, positioning TapouT as a flagship offering. The agreement targets a market of over 2 million residents in the Detroit suburbs, promising potential growth for Splash Beverage.
Splash Beverage Group (SBEV) has announced a new distribution agreement with D. Bertoline & Sons, expanding its beverage distribution into the New York state regions of Putnam and Westchester. This move follows previous agreements in Florida, Arkansas, and Southern California, enhancing Splash's market presence. Chairman and CEO Robert Nistico expresses optimism over the partnership, highlighting confidence from regional distributors and a strong foothold in the northeast.
Splash Beverage Group (NYSE American: SBEV) has partnered with Central Distributors to distribute its energy drink, TapouT, in Arkansas. Central Distributors, a family-owned company since 1935, will also handle Splash’s existing brands, Copa and Pulpoloco. CEO Robert Nistico emphasized this partnership enhances their distribution reach and visibility, particularly with major retailers. Splash Beverage Group continues to expand its portfolio of innovative beverage brands, aiming for significant growth in the beverage market.
Splash Beverage Group (NYSE American: SBEV) announced its authorization to sell Pulpoloco Sangria in 187 Ralph’s Grocery stores, a major achievement for its strategy to penetrate supermarket chains. Following a successful test, all three SKU's of Pulpoloco—white, rosé, and classic red—will be available. This expansion builds on the existing presence of Splash’s Copa di Vino in Ralph’s stores since 2021. The company’s chairman emphasized this milestone as a demonstration of growing consumer interest and a precursor to future growth opportunities.
Splash Beverage Group (SBEV) announced its authorization to sell TapouT performance drink in 47 Walmart stores across major metropolitan areas in Florida. This marks a significant milestone, as Walmart is known for being selective in brand offerings, indicating a strong validation of TapouT's market potential. The CEO of Splash expressed gratitude to Walmart and its distribution partner, AB One, highlighting the opportunity for significant growth in Florida and beyond. This development is seen as a promising start for the company in 2022.
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Splash Beverage Group (NYSE American: SBEV) has appointed TraDigital IR to enhance its financial marketing and establish relationships within the investment community. CEO Robert Nistico highlighted significant milestones since their uplisting, including a distribution agreement with AB One and new product lines. TraDigital aims to leverage Splash's management experience with leading brands like Red Bull and DIAGEO to support growth. This partnership signals Splash's commitment to expanding its presence in the beverage market.
On November 17, 2021, Splash Beverage Group (SBEV) announced a distribution agreement with AB ONE, expanding the availability of its brands, including TapouT performance drink, Copa di Vino wine, and Pulpoloco sangria, across key U.S. markets like New York, Boston, and Los Angeles. This partnership will enhance Splash’s multi-state distribution footprint and is expected to reach approximately 50,000 retail accounts, providing significant growth opportunities for the company.
Splash Beverage Group (SBEV) reported significant financial growth in its Q3 2021 results, showing a 308% increase in quarterly revenues to $2,827,393 compared to $692,974 in Q3 2020. For the first nine months of 2021, revenues surged by 578% to $8,254,078. Despite this growth, the company faced a $12.2 million loss from continuing operations in Q3, largely due to non-cash transactions. The CEO highlighted successful distribution agreements and anticipated strong growth moving forward, supported by a robust balance sheet with over $8 million in cash.
Splash Beverage Group (NYSE American: SBEV) announced a rebranding of its TapouT performance hydration-recovery drink, set for launch in January 2022. This move targets the expanding $7 billion performance drink market, responding to consumer shifts towards fitness and nutrition. The new label, featuring bilingual English and Spanish text, highlights zero sugar, clean ingredients, and various health benefits. The rebranding aims to enhance shelf presence and appeal to a broader consumer base, positioning TapouT to secure better distribution channels.