Welcome to our dedicated page for Koios Beverage news (Ticker: FITSF), a resource for investors and traders seeking the latest updates and insights on Koios Beverage stock.
Koios Beverage Corp is an emerging functional beverage company with a distribution network of over 5,100 retail locations in the US. The company offers products that enhance productivity using a blend of nootropics and organic compounds. Koios products have been shown to improve focus, concentration, memory retention, cognitive function, and mental clarity. The company's drinks are infused with MCT oil, derived from coconuts, to support fat burning, sustained energy, brain function, hormone production, and immunity.
Koios Beverage Corp. (CSE: FIT; OTC: FITSF) announced a voluntary escrow for its private placement investors, extending resale restrictions for common shares by 60 days to August 8, 2022. Initially restricted until June 9, 2022, investors who agree to the escrow will receive a bonus of one-half share purchase warrant for each share held, exercisable at $0.30 for 12 months. The Company encourages interested parties to contact them by June 6, 2022. Koios, a functional beverage company, targets cognitive enhancement through its product line.
Koios Beverage Corp. (CSE: FIT; OTC: FITSF) has announced the launch of six new flavors of its Fit Soda functional beverage, increasing the total from four to ten flavors. The new flavors, including Cherry Slushee and Pumpkin Spice, are a response to rising consumer demand and requests from national retailers. Koios aims to expand its market presence by enhancing its product offerings, which will also help the company secure additional retail shelf space. The functional beverage market is projected to grow significantly, generating over $212 billion by 2028.
Koios Beverage Corp. has partnered with McLane Company to distribute Fit Soda™ functional beverages in U.S. gas stations and convenience stores. McLane, a subsidiary of Berkshire Hathaway, operates over 110,000 retail locations and complements Koios' existing distribution network of 4,400 locations. CEO Chris Miller highlighted the partnership as a major growth opportunity, aiming to enhance accessibility for consumers seeking convenient healthy drink options. This follows Koios' recent announcement of their products being available in over 600 CVS locations nationwide.
Koios Beverage Corp. has secured placement for its KOIOS™ nootropic functional beverages in over 600 CVS locations across multiple states, including Texas, New Jersey, and California. This partnership with CVS, the largest pharmacy chain in the U.S., enhances Koios' distribution network, which now exceeds 6,000 retail locations. The company aims to expand its market presence through collaborations with major retailers, aligning with its mission to promote health-focused products. CEO Chris Miller expressed optimism about this growth, highlighting CVS's role in advancing health solutions.
Koios Beverage Corp. (CSE: FIT; OTC: FITSF) has announced that its Fit Soda™ functional beverages are now approved for placement across all Ingles Markets locations, marking a significant distribution milestone. Ingles Markets operates 198 supermarkets in the Southeastern U.S., reporting $4.987 billion in revenue for 2021. With this addition, Koios expands its reach to over 2,000 retail locations along the East Coast, enhancing its presence among large grocery retailers. CEO Chris Miller emphasized this partnership as validation for the Fit Soda™ brand.
Koios Beverage Corp. (CSE: FIT; OTC: FITSF) announced that all flavors of its Fit Soda™ have been approved for placement in 261 Harris Teeter locations across seven U.S. states. This milestone allows Koios to tap into Harris Teeter's health-conscious customer base, potentially driving solid growth. Additionally, the company issued shares to insiders and employees as performance bonuses, valuing them at $0.53 per share. The share issuance complies with regulatory exemptions and aims to incentivize management and employees.
Koios Beverage Corp. (CSE: FIT; OTC: FITSF) has secured approval for its KOIOS and Fit Soda functional beverages to be sold in United Supermarkets, a subsidiary of Albertsons Companies. With over 94 stores in Texas and New Mexico, this placement significantly enhances Koios's market penetration, expanding its distribution network beyond 5,000 points of sale in the U.S. The company aims to leverage this strategic partnership to accelerate growth and reinforce its position in the functional beverage market.
Koios Beverage Corp. (CSE: FIT; OTC: FITSF) has completed the acquisition of Retox Beverage Corp., a creative soft beverage producer, for $1.5 million. The deal involved issuing 15 million units at $0.10 each, with each unit comprising a common share and a warrant for additional shares at $0.175 for one year. This strategic acquisition aims to enhance Koios's position in the functional beverage market, enabling in-house production of innovative products like Fit Soda Hard, which targets the growing hard seltzer segment.
Koios Beverage Corp. (CSE: FIT; OTC: FITSF) has appointed Sherron Lewis as the new President of Operations, effective immediately. With previous success at American Financing, where revenue grew from $40 million to $400 million annually, Lewis aims to enhance Koios' operational efficiency. The company targets to expand its retail presence to over 20,000 locations by year-end. CEO Chris Miller emphasizes Lewis' experience in scaling operations to support this growth initiative. Lewis will also continue to serve on the company's board of directors.
Koios Beverage Corp. has signed a definitive agreement to acquire Retox Beverage Corp. for $1.5 million, issuing 15 million units at $0.10 per unit. Each unit consists of one common share and one common share purchase warrant exercisable at $0.175 for 12 months. The acquisition aims to expand Koios's product offerings in the beverage market, focusing on healthier alternatives. The transaction is expected to close by April 30, 2022, pending regulatory approvals.