Splash Beverage Reports Second Quarter 2026 Results and Highlights Strategic Transformation Toward Endovia Health Sciences
Rhea-AI Summary
Splash Beverage (NYSE American: SBEV) reported that loss from continuing operations for the six months ended June 30, 2026 was about $4 million, versus about $11 million a year earlier, an improvement of roughly $7 million or 64%, which management attributes mainly to cost-reduction initiatives tied to exiting alcoholic beverages and pivoting to cannabinoid health and wellness.
According to the company, key steps included cutting corporate overhead, simplifying legacy obligations and advancing a strategic repositioning toward pharmaceutical, veterinary and cannabinoid health sciences. After quarter-end, Splash entered an exclusive global license for CannEpil, expanded that license into veterinary indications, signed a development and collaboration agreement with Lupvindol Biosciences for FDA-regulated veterinary products, began preparations to relaunch CannEpil in select international markets, and announced a planned rebrand to Endovia Health Sciences with a new ticker expected to be effective on August 24, 2026.
Positive
- Loss from continuing operations cut to ~$4M from ~$11M for six months 2025–2026, a ~64% improvement
- Exclusive global license secured for CannEpil, a pharmaceutical-grade cannabinoid platform for drug-resistant epilepsy
- CannEpil license expanded into veterinary applications, targeting companion-animal oncology and chronic pain
- Development and collaboration deal with Lupvindol Biosciences for FDA Center for Veterinary Medicine INAD and Conditional Approval pathways
- Preparations underway to relaunch CannEpil in the UK, Ireland and select Latin American markets
- Announced rebranding to Endovia Health Sciences with NYSE American ticker change expected August 24, 2026
Negative
- Company still reported approximately $4 million loss from continuing operations for the first six months of 2026
News Explained
The
Sources and calculations
- Second-quarter 2026 results release (2026-08-20)
- Second-quarter 2026 fundamentals (2026-06-30)
- Cash and equivalents vs quarterly operating cash outflow, in days of cash use $242,702 / ($1,091,680 / 90) = [object Object]
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 12 | Rebranding announcement | Positive | +14.8% | Planned Endovia Health Sciences rebrand and cannabinoid health sciences platform transition |
| Aug 05 | Lupvindol partnership | Positive | +21.4% | Development collaboration advanced CannEpil through FDA veterinary regulatory pathways |
| Jul 29 | Veterinary license expansion | Positive | -9.3% | CannEpil license expanded into veterinary oncology and chronic pain applications |
| Jul 14 | Reverse stock split | Negative | -15.9% | Board approved a one-for-four reverse stock split for listing compliance |
| Jul 09 | Listing compliance plan | Positive | -5.0% | NYSE American accepted a compliance plan through January 29, 2027 |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent strategic announcements showed mixed alignment, with some positive announcements followed by negative reactions.
Key Terms
investigational new animal drug regulatory
conditional approval regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company’s loss from continuing operations declined by approximately
FORT LAUDERDALE, Fla., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) (“Splash” or the “Company”) today reported financial results for the second quarter ended June 30, 2026, and provided an update on the Company’s ongoing strategic transformation toward Endovia Health Sciences.
For the six months ended June 30, 2026, the Company’s loss from continuing operations was approximately
Building the Foundation
During the second quarter, management remained focused on reducing the Company’s operating cost structure, simplifying the business and strengthening its financial foundation.
Key developments included:
- Reducing loss from continuing operations by approximately
64% year-over-year for the six-month period; - Continuing to reduce corporate overhead and administrative expenses;
- Simplifying the Company’s operating structure and legacy obligations; and
- Advancing the strategic repositioning of the business toward pharmaceutical, veterinary and cannabinoid health sciences opportunities.
“The first half of 2026 was about rebuilding the foundation of our Company,” said Brady Cobb, Interim Chief Executive Officer of Splash Beverage Group. “Through disciplined execution and significant cost reductions, we expect to reduce our loss from continuing operations by approximately
Executing the Transformation
Subsequent to June 30, 2026, the Company executed several strategic initiatives that management believes materially reposition the business for its next phase of growth.
CannEpil® Licensing
In early July 2026 Splash entered into an exclusive global license for CannEpil®, a pharmaceutical-grade cannabinoid platform originally developed for drug-resistant epilepsy, providing the Company with a differentiated pharmaceutical asset and a foundation for future regulated therapeutic opportunities.
Veterinary Expansion
The Company subsequently expanded its CannEpil license to include veterinary applications, initially targeting companion-animal oncology and chronic pain management.
Lupvindol Development Collaboration
On July 31, 2026, Splash entered into a development and collaboration agreement with Lupvindol Biosciences Ltd. Under the agreement, Lupvindol will lead the scientific and FDA regulatory development of a CannEpil-based veterinary product through the FDA Center for Veterinary Medicine’s Investigational New Animal Drug, or INAD, and Conditional Approval pathways.
The collaboration is designed to advance product development, required preclinical and clinical studies, FDA submissions and potential future commercialization and licensing activities.
International Commercialization Efforts
The Company has also initiated preparations to relaunch CannEpil through existing commercial and distribution relationships in the United Kingdom, Ireland and select Latin American markets.
Endovia Health Sciences
Splash has announced its intention to rebrand as Endovia Health Sciences, with a corporate name change and ticker symbol change expected to take effect on the NYSE American beginning on August 24, 2026. The rebranding reflects the Company’s evolution into a diversified cannabinoid health sciences platform focused on pharmaceutical commercialization, FDA-regulated human and veterinary therapeutics, and cannabinoid consumer wellness and beverage opportunities.
“The actions taken since quarter-end represent the execution phase of the strategy we spent the first half of the year preparing for,” Cobb continued. “We have added a differentiated pharmaceutical platform, expanded into FDA-regulated veterinary therapeutics, engaged an experienced cannabinoid drug-development team, begun rebuilding international commercialization and established a new corporate identity designed to reflect the company we are becoming.”
“Our focus remains straightforward: execute against measurable milestones, allocate capital responsibly and build a diversified cannabinoid health sciences platform capable of creating sustainable long-term value for our shareholders.”
About Splash Beverage Group, Inc.
Splash Beverage Group, Inc. (NYSE American: SBEV) is transitioning toward Endovia Health Sciences, a diversified cannabinoid-based health sciences platform focused on acquiring, developing and commercializing differentiated cannabinoid health technologies across pharmaceutical, veterinary and consumer wellness markets.
Where Science Meets Cannabinoid Innovation
More Information
Contact Information
Splash Beverage Group
Info@SplashBeverageGroup.com
Media Contact
Angela Gorman
AMWPR
angela@amwpr.com
917-348-0083
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the Company’s new strategic focus, efforts towards the development and commercialization of pharmaceutical products for humans and animals, anticipated trends and expectations for the Company’s business and industry and goals and expectations with respect to the Company’s new business strategy.
Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including the Company’s ability to raise the necessary capital to finance the its operations and business plan, satisfy its contractual obligations including our ability to maintain the license under the license agreement for the CannEpil product on which the Company’s initial focus depends and related agreements in connection therewith, our ability to complete required studies, establish product safety and efficacy, obtain and maintain regulatory authorizations, protect intellectual property and the risk that competitors market the same or similar products, our execute commercialization or strategic-partnering arrangements, the risk that that the market or demand for any resulting product we seek to commercialize in the future could be less than expected or projected, our ability to meet our debt obligations and the negative financial and operational consequences of failing to do so, our ability to comply with NYSE American’s continued listing standards and the risk that we may be delisted, the possibility that our expectations and perceived benefits with respect to our business plan and strategic transactions we may pursue prove to be incorrect, and risks with respect to our ability to negotiate and execute definitive agreements, satisfy closing conditions, obtain required approvals with respect to any such strategic transaction. There can be no assurance that the Company’s goals and milestones will be achieved, that the Company or its collaborators will receive or maintain necessary regulatory authorizations or that any initiative will ultimately generate revenue.
Additional risks are described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2025 and the Form S-1 filed on August 7, 2026, as amended. The Company undertakes no obligation to update forward-looking statements except as required by law.
