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) has announced an underwritten public offering, with EF Hutton acting as the sole book-running manager. The offering will use proceeds to support new distribution and retail authorizations gained recently. It will be conducted under an effective shelf registration statement. A prospectus supplement detailing the offering will be filed with the SEC. The company, known for its innovative beverage brands, aims to expand its portfolio and distribution capabilities.
Splash Beverage Group (SBEV) has announced a distribution agreement with Lohr Distributing in Missouri to distribute all its brands, including Tapout, SALT, Copa Di Vino, and Pulpoloco. Lohr, a major distributor of Anheuser-Busch products, serves all licensed accounts in the state. Chairman Robert Nistico emphasized the significance of this partnership, noting the importance of Missouri for Splash’s growth strategy and revenue generation. This agreement signals Splash's continued efforts to expand its market presence and distribution capabilities.
Splash Beverage Group (NYSE American: SBEV) announced it has received authorization to sell its TapouT performance drink in select Target stores nationwide. With Target being a prominent retailer in the U.S., this partnership allows Splash to reach a vast customer base, as 75% of the population lives within 10 miles of a Target store. CEO Robert Nistico expressed enthusiasm for this strategic relationship, anticipating increased revenue through wider product availability.
On September 13, 2022, Splash Beverage Group (NYSE American: SBEV) announced its expansion of SALT Tequila with new distribution agreements in Nevada and Maryland. Central Distributors of Las Vegas will handle distribution in Nevada, while Carey Distributors, Wantz Distributors, and Buck Distributing will cover Maryland. Chairman and CEO Robert Nistico emphasized the growing consumer demand for SALT Tequila, highlighting its positioning within the booming flavored spirits market.
Splash Beverage Group (NYSE American: SBEV) announced that CEO Robert Nistico will present at the H.C. Wainwright 24th Annual Global Investment Conference on September 14, 2022, at 12:00 Noon in New York City. Investors can access a replay of the presentation via the company’s website. Splash Beverage is recognized for its innovative alcoholic and non-alcoholic beverage brands, including Copa di Vino and SALT flavored tequilas. The company aims to expand its portfolio and global distribution, driven by a seasoned management team.
On September 12, 2022, Splash Beverage Group (NYSE American: SBEV) announced that its CEO, Robert Nistico, will present at the H.C. Wainwright 24th Annual Global Investment Conference in New York City. The presentation is set for September 14 at 12:00 PM. Investors can access the live presentation online. Splash Beverage Group is known for its diverse range of alcoholic and non-alcoholic beverages, focusing on brand development and innovation.
Splash Beverage Group, Inc. (SBEV) announced its TapouT performance drink has been authorized for sale at over 1,100 ampm convenience store locations across California, Arizona, Washington, Nevada, and Oregon. This significant move will enhance product visibility and expedite revenue growth, slated for rollout in mid-September. CEO Robert Nistico emphasized this authorization as one of their largest to date, reflecting the company's expanding distribution capabilities and retailer confidence.
On August 16, 2022, Splash Beverage Group (NYSE American: SBEV) announced that CEO Robert Nistico will present at the Sidoti & Company August Virtual Microcap Conference on August 17, 2022, at 1:45 PM ET.
The live presentation can be accessed online, and Splash will also conduct virtual one-on-one meetings with investors throughout the event. Registration for both the presentation and one-on-ones is free, and attendees do not need to be clients of Sidoti & Company.
For more details, visit Splash Beverage Group's official website.
Splash Beverage Group (SBEV) announced that Circle K will feature Copa di Vino in its West Coast convenience stores after a successful test in California. The launch is set for September, marking a significant milestone for Splash as it expands its distribution. CEO Robert Nistico highlighted the opportunity for increased revenue and emphasized the effectiveness of their distribution network. This collaboration with Circle K, a leader in convenience retailing, is viewed as a positive step for Splash's growth and brand visibility.
Splash Beverage Group (SBEV) reported record gross sales of $4.8 million for Q2 2022, a 41% increase from $3.4 million in Q2 2021, driven by higher sales of TapouT and e-commerce. The company incurred a net loss of $5.8 million, an improvement compared to $6.6 million in the prior year. Cash and cash equivalents stood at $4.2 million as of June 30, 2022. CEO Robert Nistico emphasized the continuation of growth initiatives, including six new distribution agreements and an acquisition of Pulpoloco, aligning with their strategic business plan.