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 (NYSE American: SBEV) has announced that its SALT Tequila will now be distributed by Eagle Brands Inc., a prominent distributor in the Miami-Dade County area. This partnership enhances SALT Tequila's visibility, targeting nearly 3 million people in the region and enabling multiple launch activities. SALT Tequila is a 100% Blanco agave tequila available in flavored options and aims to tap into the rapidly growing tequila market, which has seen a 14% increase in annual consumption in the U.S.
Splash Beverage Group (SBEV) has secured a transformative distribution deal in China, adding to six existing agreements, positioning the company for substantial growth in 2021. The management team, noted for its success with Red Bull, has raised $24 million and eliminated convertible debt. In Q1, SBEV reported an impressive 2058% revenue surge, propelled by brands like Copa Di Vino and SALT Tequila. The company aims for national expansion, particularly with Walmart, which could significantly enhance its market valuation.
Splash Beverage Group (SBEV) has partnered with Great Bay Distributors Inc., Florida’s leading independent distributor of Anheuser Busch products. This agreement expands the reach of SALT Tequila to nearly 3 million consumers in the St. Petersburg area. SALT Tequila, a premium 100% Blanco agave tequila, is now distributed by six Anheuser Busch distributors in Florida. The deal aims to enhance the market presence of SALT Tequila amidst a growing demand for flavored spirits, with U.S. tequila consumption rising by 14% annually.
Splash Beverage Group (SBEV) has announced significant advancements in sustainability with its CartoCan® packaging, which uses 30% less raw material and is certified by the Forest Stewardship Council. This eco-friendly packaging aligns with consumer demand, as 66% of consumers are willing to pay more for sustainable products. The company has reported a 71% rise in Pulpoloco Sangria sales, underlining its commitment to sustainably focused brands. CartoCan also reduces energy costs, being shelf-stable for 12 months, creating substantial value for SBEV.
Splash Beverage Group (SBEV) announced a significant expansion of its SALT Citrus flavored tequila distribution in Sam’s Club stores, increasing presence by 48% in Q1 2021. SALT is now available in 42 stores across California, Arizona, New Mexico, and Florida. This tequila, recognized as the world’s first flavored 100% agave, is positioned in a fast-growing market segment with U.S. tequila consumption surging by 14%. CEO Robert Nistico noted this expansion reflects rising consumer demand for flavored tequila, enhancing brand visibility and sales.
Splash Beverage Group (SBEV) has closed an underwritten public offering of 3,750,000 shares of common stock and warrants at $4.00 per share, generating gross proceeds of approximately $15.0 million. The warrants are exercisable at $4.60 and expire in five years. An additional 562,500 shares and warrants may be purchased by underwriters. Trading began on June 11, 2021, for both common stock and warrants. EF Hutton acted as the sole book-running manager. The offering aims to enhance SBEV's capital for growth in the beverage market.
Splash Beverage Group (SBEV) expands the distribution of its SALT tequila through a partnership with Bernie Little Distributors in Florida, targeting regions with nearly one million residents. SALT, a 100% blanco agave tequila offered in various flavors, benefits from an established network of distributors gained through the company's acquisition of Copa di Vino. The partnership with a top Anheuser Busch distributor enhances SALT's market presence, aligning with the rapid growth of tequila consumption in the U.S., which has seen a 14% increase annually.
Splash Beverage Group, Inc. (SBEV) has announced a public offering of 3.75 million shares of common stock and the same number of warrants, priced at $4.00 each. The total gross proceeds are projected at $15.0 million, with warrants exercisable at $4.60 per share. The offering, scheduled to close around June 15, 2021, includes a 45-day option for underwriters to purchase an additional 562,500 shares. The securities will trade on NYSE American under symbols SBEV and SBEV WS starting June 11, 2021.
Splash Beverage Group (NYSE American: SBEV) announced a public offering of 3.75 million shares of common stock and related warrants at a price of $4.00 per share, aiming for gross proceeds of $15.0 million. The offering includes an additional option for underwriters to purchase 562,500 shares and warrants. Trading for these securities will commence on June 11, 2021, under the symbols 'SBEV' and 'SBEV WS.' The transaction is set to close by June 15, 2021, subject to customary conditions. The offering is registered with the SEC.
Splash Beverage Group, Inc. (SBEV) has signed a distribution agreement with Golden Beverage Company for its brands, including TapouT sports drink, Copa di Vino wine, and Pulpoloco sangria, in Utah. This partnership positions Splash's products alongside established brands like Miller Lite and Dos Equis across Utah’s retail shelves. CEO Robert Nistico emphasized the importance of combining great brands with effective distribution to meet increasing consumer demand.