LQR House Inc. - YHC STOCK NEWS

LQR House (NASDAQ:YHC) has signed an exclusive distribution agreement with Of The Earth Distribution (OTE) to launch SWOL Tequila in Greece and Thailand. The agreement, signed on April 1, 2025, aims to leverage OTE's established networks to accelerate growth in these emerging markets.

OTE's CEO Jason Pucci noted strong initial interest among their network partners, highlighting significant potential for premium tequila in these less saturated markets. The expansion aligns with LQR House's strategy to scale its premium portfolio globally through strategic distribution partnerships.

Additionally, the company announced board member David Lazar's resignation on April 2, 2025. Lazar's tenure was marked by his contributions to cost-saving initiatives and operational efficiencies, as well as his role in introducing impactful new board members.

LQR House (NASDAQ:YHC) reported its audited financial results for 2024, showing significant revenue growth of 123.2% to reach $2,501,660, compared to $1,120,622 in 2023.

The company underwent major restructuring efforts in collaboration with activist investor David Lazar, implementing retention and severance packages that resulted in higher operating expenses. The restructuring included team reorganization, discontinuation of high-cost verticals, and appointment of new board members focused on cost management and international expansion.

CEO Sean Dollinger highlighted the company's transformation, emphasizing growth in both their core e-commerce platform and SWOL Tequila brand. LQR House aims to achieve EBIDA positive status in 2025 through operational efficiency and strategic expansion initiatives.

LQR House Inc. (NASDAQ:YHC) announced that two stockholders, including CEO Sean Dollinger, have entered into 12-month lock-up agreements covering 209,543 shares (approximately 0.6% of outstanding shares) of the company's common stock. The agreements restrict share sales until January and March 2026.

The lock-up agreements aim to create a more stable trading environment for LQR House's stock. The company continues its expansion through CWSpirits.com, its flagship online alcohol marketplace, while developing both in-house and partner brands, including SWOL Tequila. LQR House emphasizes its focus on data-driven marketing strategies and proprietary technology in the alcohol e-commerce sector.

LQR House (NASDAQ:YHC) has secured a second major purchase order from Of The Earth Distribution Corp. (OTE) for 168 cases of SWOL Tequila following LCBO approval in Canada. The order comes after over 50% of the initial inventory has already sold in Ontario.

The company is leveraging a strategic opportunity by shipping SWOL Tequila directly from Mexico to Canada, bypassing U.S.-Canada alcohol tariffs and trade barriers. OTE is expanding distribution to select restaurants and bars across Ontario province, with plans for further growth.

This success validates SWOL Tequila's premium positioning and consumer appeal in the Canadian market, where access to high-end tequila brands may become due to trade restrictions. The partnership between LQR House and OTE demonstrates effective market execution in delivering sought-after brands to new markets.

LQR House (NASDAQ:YHC), a niche ecommerce platform in the spirits and beverage industry, has announced its partnership with Coinbase Prime (NASDAQ:COIN) for Bitcoin custody and treasury management services. The company has successfully executed a Coinbase Prime Broker Agreement following board approval to purchase Bitcoin as part of its treasury diversification strategy.

The agreement enables LQR House to securely acquire and manage BTC through Coinbase Prime's institutional-grade security infrastructure, which will provide secure custody, USDC services, and a self-custodial wallet for the company's Bitcoin holdings.

LQR House (NASDAQ:YHC) reports exceptional growth in February 2025, with revenue reaching $331,582.11, marking a 118.67% increase from January 2025's $151,635.94. The company also achieved a 63.82% year-over-year revenue growth compared to February 2024's $202,404.64.

The significant growth was achieved with zero advertising spend, compared to $19,344.47 spent on paid advertising in February 2024. This success validates the company's strategic shift from paid advertising to an SEO-driven organic growth approach, demonstrating the effectiveness of their data-driven marketing strategy.

CEO Sean Dollinger emphasized that these results exceeded expectations and validate their focus on sustainable growth through smart, targeted execution. The company plans to continue refining its SEO-driven strategy while expanding wholesale distribution of its tequila brand.

LQR House (NASDAQ:YHC) reported that its flagship website, CWSpirits.com, experienced only a 1.309% year-over-year revenue decline in January 2025 ($151,635.94) compared to January 2024 ($153,647.17), despite completely eliminating paid advertising on Google and Meta.

The company's strong performance, particularly during the traditionally slower 'Dry January' period, is attributed to its advanced search engine optimization (SEO) strategy. As of February 14, 2025, CWSpirits.com ranks within the top five positions on Google US for key industry terms including 'Tequila,' 'Brandy,' 'Bourbon,' and other major spirits-related keywords.

To enhance profitability, LQR House is focusing on optimizing cost of goods sold (COGS) to below 50% while prioritizing organic traffic growth and conversion optimization. This strategy aims to reduce dependence on paid advertising while maintaining sustainable growth in the spirits e-commerce market.

LQR House (NASDAQ: YHC), a niche e-commerce platform in the spirits industry, has announced two key appointments to its Board of Directors. Lijun Chen has been named Chairman, bringing extensive experience in international trade, real estate, biotechnology, and e-commerce. Dr. Jing Lu joins as a board member, contributing significant financial leadership expertise from her roles at Bowen Acquisition and various financial institutions.

These appointments follow the resignations of Gary Herman and James Huber from the board. CEO Sean Dollinger expressed enthusiasm about the new appointments, highlighting their potential impact on the company's future growth and innovation in the e-commerce and spirits markets.

LQR House (NASDAQ:YHC) reported significant growth in November 2024, with revenue reaching $384,662.12, marking a 19.95% year-over-year increase from November 2023's $320,666.51. The company also achieved a notable 61% month-over-month revenue surge from October 2024's $238,159.57.

This growth is particularly impressive as November 2024's figures exclude Cyber Monday sales (which fell in December), unlike November 2023's numbers. Additionally, LQR House has regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing bid price of $1.00 or greater for 10 consecutive business days from November 29 through December 12, 2024.