LOUD BEVERAGE GROUP INC - LBEV STOCK NEWS

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Loud Beverage Group, Inc. (OTCPK: LBEV) is a dynamic holding company specializing in the distribution of high-quality, innovative, and in-demand products. With a recent acquisition of Surge Distribution Company, LLC, positioned to hit $5 million in revenue for 2024, Loud Beverage Group is strategically expanding into flourishing markets like Charlotte, North Carolina, Central Florida, Tampa, FL, and Jacksonville, Florida. Surge Distribution emphasizes fostering long-term partnerships and prides itself on delivering a diverse range of products with exceptional customer service. The new corporate leadership under Brandon Spikes as CEO and Chris Selinger as VP of Operations is driving transformative growth and operational excellence, marked by a shift in executive control and commitment to OTC Markets reporting standards. The company aims to uplist to the OTCQB tier in the near future, aligning with its vision for transparency, regulatory compliance, and sustainable growth.

04/16/2024 08:30 AM

News

Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV)

Rhea-AI Summary

Kona Gold Beverages, Inc. acquires Surge Distribution from Loud Beverage Group, Inc., with Surge Distribution anticipating achieving $5 million in annual revenue. The acquisition highlights Kona Gold's commitment to expanding its distribution capabilities and footprint in the functional beverage industry.

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Loud Beverage Group, Inc. Acquires Surge Distribution LLC, A Rising Star in the Distribution Sector

Rhea-AI Summary

Loud Beverage Group, Inc. (LBEV) has successfully acquired Surge Distribution Company, LLC, with a projected revenue of $5 million for 2024, aiming to double this figure by 2025. Surge Distribution is strategically venturing into high-potential markets in North and Central Florida. The company prioritizes long-lasting partnerships, customer service, and team development, aiming to contribute to the prosperity of the businesses they serve.

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FAQ

What is the market cap of LOUD BEVERAGE GROUP (LBEV)?

The market cap of LOUD BEVERAGE GROUP (LBEV) is approximately 2.0M.

What is Loud Beverage Group, Inc. known for?

Loud Beverage Group is a holding company specializing in the distribution of high-quality, innovative, and in-demand products.

What recent acquisition has Loud Beverage Group made?

Loud Beverage Group recently acquired Surge Distribution Company, LLC, poised to attain $5 million in revenue for 2024.

Who leads the new corporate leadership at Loud Beverage Group, Inc.?

Brandon Spikes is the CEO and Chairman, while Chris Selinger serves as Vice President of Operations.

What is the strategic focus for Loud Beverage Group in terms of markets?

Loud Beverage Group is strategically venturing into high-potential markets like Charlotte, North Carolina, Central Florida, Tampa, FL, and Jacksonville, Florida.

What distinguishes Surge Distribution Company in its operations?

Surge Distribution emphasizes fostering long-term partnerships, offering a diverse range of high-quality products with exceptional customer service.

What is the vision for uplisting at Loud Beverage Group?

Loud Beverage Group aims to uplist to the OTCQB tier by 2025, aligning with its commitment to transparency, regulatory compliance, and growth.

What is the recent milestone achieved by Loud Beverage Group related to OTC Markets reporting?

The company completed all necessary disclosures as of December 31, 2023, and is now working on obtaining an attorney opinion letter for Current Information status.

How does Loud Beverage Group prioritize its customer-centric approach?

Loud Beverage Group prioritizes strategic partnerships, operational excellence, and unparalleled service to contribute substantively to the prosperity of the businesses they serve.

What are the immediate plans for corporate transparency at Loud Beverage Group?

Loud Beverage Group recently launched a shareholder-focused corporate website, aiming to provide tools, information, and updates to current and future shareholders.