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 made significant progress since January 2022, highlighted by a distribution agreement with AB ONE, the largest in its history. This partnership has accelerated brand recognition and growth, contributing to a reported 86% revenue increase year-over-year. The company has secured over 20 new distribution agreements, including major retailers like Walmart and 7-11. Additionally, Splash plans to acquire an 80% interest in Pulpoloco, enhancing its portfolio with sustainable packaging. CEO Robert Nistico emphasizes their commitment to capitalizing on market trends and expanding their brand presence.
Splash Beverage Group, Inc. (NYSE American: SBEV) is set to ring the New York Stock Exchange Opening Bell on July 27, 2022, marking a significant milestone since its listing in June 2021. Chairman and CEO Robert Nistico expressed excitement over this opportunity, highlighting the hard work of the team to reach this point. The event signifies the company's ongoing growth and commitment to the beverage industry.
Splash Beverage Group (NYSE American: SBEV) has entered into a distribution agreement with United Natural Foods (UNFI) to distribute its TapouT Performance drinks through 515 Winn Dixie stores in the Southeastern U.S. This deal expands Splash's distribution reach significantly, allowing access to UNFI's extensive network and its customer base in natural and traditional grocery outlets. The partnership is seen as a critical step in Splash's strategic growth plan, enhancing its market presence and promoting its all-natural product offerings.
Splash Beverage Group, Inc. (NYSE American: SBEV) has expanded the distribution of its TapouT Performance Drinks through partnerships with three convenience store chains in Arizona. This new agreement adds 86 retail locations, including CobbleStone AutoSpa and Carioca Convenience Stores. CEO Robert Nistico emphasized the importance of the cold-bottle availability in driving consumer acceptance and brand growth. The partnership with Kalil Bottling was noted as critical in securing these agreements, reinforcing the company’s retail strategy and commitment to enhancing brand presence.
On July 15, 2022, Splash Beverage Group (SBEV) announced that its CEO, Robert Nistico, will present at the Emerging Growth Conference on July 20 at 9:45 AM ET. This virtual event allows shareholders and investors to engage directly with Nistico, who will update them on the Company’s progress. Those unable to attend live can access an archived webcast thereafter. Splash Beverage boasts a diverse portfolio of drinks, including Copa di Vino and SALT tequila, and continues to expand its market presence.
Splash Beverage Group (SBEV) announced an expansion of its TapouT Performance Drinks distribution into Brewer Oil Company’s convenience stores across New Mexico. This partnership signals growth in retail availability, supported by the successful relationship with Kalil Bottling Company. Brewer Oil, a well-established convenience store chain, is known for its quality offerings.
CEO Robert Nistico emphasized the alignment of this expansion with the Company's broader growth strategy to target national distributors and regional retailers.
Splash Beverage Group (SBEV) has partnered with Mexcor International for the distribution of its brands, including Pulpoloco, Copa di Vino, and SALT Tequila, throughout Texas. Mexcor, the third-largest alcohol distributor in Texas with a vast network serving over 17,000 accounts, will provide Splash with enhanced market access in a state featuring nearly 30 million residents. CEO Robert Nistico emphasized the importance of Texas in their growth strategy, highlighting Mexcor's efficient operation and statewide coverage through multiple warehouses.
Splash Beverage Group (NYSE American: SBEV) announced a distribution agreement with Save A Lot grocery stores to carry its TapouT brand. Save A Lot operates over 850 stores across 32 states and generates $4 billion in sales. This partnership is expected to enhance TapouT's market presence significantly, with a phased rollout planned. Splash Beverage aims to expand its portfolio of alcoholic and non-alcoholic beverages, including other brands like Copa di Vino and SALT tequila.
Splash Beverage Group (NYSE American: SBEV) has signed an agreement to acquire 80% of Pulpoloco Sangria, enhancing its control over manufacturing and distribution in the US and internationally. This strategic acquisition follows Splash's role as exclusive importer since 2020 and aims to increase revenue and profit margins. Pulpoloco experienced a remarkable 43% sales growth year-over-year. The transaction is expected to finalize by August, with founder Paul Damon joining Splash to oversee international operations.
Splash Beverage Group (SBEV) has signed a distribution agreement with Buck Distributing to distribute its products in five counties in Central Maryland. Buck, a well-established distributor with over 200 brands and a 3 million case volume per year, will carry Splash's main beverages including TapouT, Copa di Vino, SALT Tequila, and Pulpoloco Sangria. This partnership is part of Splash's ongoing strategy to expand its distribution network, leveraging Buck's extensive experience in the beverage market.