ICONIC BRANDS INC - ICNB STOCK NEWS

On March 1, 2022, Iconic Brands, Inc. (ICNB) showcased its new 65,000 sq. ft. facility at TopPop’s event, aimed at enhancing production capacity to meet rising demand. Premixed cocktails in the U.S. surged 42.3% to $1.6 billion, marking a significant growth opportunity for Iconic’s ready-to-drink (RTD) and ready-to-freeze (RTF) products. The new eco-friendly facility is expected to produce 150 million units in 2022, up from 40 million in the previous year. Iconic is positioned to capitalize on the growing trend of healthier, sustainable alcoholic beverages.

Iconic Brands, Inc. (OTCQB: ICNB) highlights its strong market position post-pandemic, emphasizing the growth of cocktails-to-go laws across numerous states. Industry players, including Jim Beam, are investing $1 billion into sustainability and responsible drinking initiatives. Iconic has adapted to consumer demand for better-for-you and sustainable beverage options with innovative packaging solutions. The firm boasts a unique portfolio including the Bellissima line of organic wines and ready-to-drink products from its subsidiary TopPop, emphasizing its commitment to environmental responsibility.

Iconic Brands, Inc. (OTCQB: ICNB) announced the successful completion of its private placement financing, raising approximately $10.8 million, aimed at expanding its Bellissima brand and production capabilities at its TopPop facility. The funds will support initiatives such as launching a new line of zero sugar still wines and enhancing marketing efforts. CEO Larry Romer expressed gratitude for investor support during this pivotal growth phase.

Iconic Brands, Inc. (ICNB) reported impressive growth in New York, with sales of Bellissima Prosecco and Sparkling Wines rising 73% by volume and distribution points increasing by over 250%. The company is set to launch a new line of zero sugar still wines in Q1 2022. Bellissima’s products cater to health-conscious consumers, featuring organic, vegan options with no sugar or carbs. The brand is backed by spokesperson Christie Brinkley and benefits from a seasoned management team with over 100 years of industry experience.

Iconic, through its subsidiary TopPop, is expanding its manufacturing capabilities with a new 64,000 sq. ft. facility in Pennsauken. This initiative is aimed at meeting rising demand in flexible beverage packaging. In 2022, production is expected to triple to over 150 million units, including innovative cocktail solutions. The company has invested approximately $4 million in equipment upgrades. The facility will also allow custom blending of spirits and wine, enhancing growth prospects.

Iconic Brands, Inc. (OTCQB: ICNB) reported a historic third quarter with a 386% sequential revenue growth and 300% year-over-year increase, reaching $2.8 million. The acquisition of TopPop has added approximately $2 million in sales with a production capacity of over 150 million ice pops expected in 2022. The company has a strong balance sheet with approximately $55 million in total assets but reported a net loss of $3.66 million for the quarter. New management brings extensive experience from major beverage brands.

Iconic Brands (OTCQB: ICNB) announces CEO Larry Romer's presentation at the Dawson James Small Cap Growth Conference on October 21, 2021, at 11:00 AM ET. The event will take place at the Wyndham Grand Hotel in Jupiter, FL. Mr. Romer will discuss the company’s product offerings, upcoming pipeline, and recent milestones. The conference features over 30 management teams and aims to connect small-cap growth companies with accredited investors. Iconic specializes in alcoholic beverage branding and recently expanded its portfolio through the acquisition of TopPop.

Iconic Brands (OTCQB: ICNB) announced the appointment of a new executive team to drive expansion and innovation. CEO Larry Romer, COO John A. Cosenza, and CFO David Allen bring extensive experience from top beverage companies. The recent $40 million capital transaction aims to leverage growth opportunities. Chairman Richard DeCicco highlighted the new leadership's potential to capture market share and prepare for a proposed national stock exchange uplisting. The management intends to enhance brand support and explore new avenues in the alcohol beverage sector.

Iconic Brands has acquired TopPop, a prominent provider of ready-to-freeze alcoholic ice pops, enhancing its manufacturing capabilities. The deal includes a $3.5 million investment in manufacturing equipment and a new 64,000 sq. ft. facility to boost production. This acquisition allows Iconic to expand its product offerings and tap into the growing ready-to-drink market, which was valued at $714.8 million in 2020, projected to grow at a 12% CAGR through 2028. TopPop's expertise and licensing enhance Iconic's positioning in the alcoholic beverage space.