LQR House Inc. - LQR STOCK NEWS

LQR House (NASDAQ:LQR) has launched an official merchandise line for its SWOL Tequila brand, expanding beyond traditional spirits retail. The collection features long-sleeve shirts and crew socks incorporating SWOL's distinctive branding. A key feature is the integration of SWOL Tequila's signature peel-off sew-on patch, which allows consumers to customize their clothing and accessories with the brand's logo.

The merchandise is being produced in small batches, with plans for exclusive capsule launches throughout the year. CEO Sean Dollinger emphasized that the peel-off patch concept was designed to create a lasting connection with consumers beyond their drinking experience. The merchandise is available through the company's e-commerce platform.

LQR House (NASDAQ:LQR) reported a 27.93% year-over-year revenue growth in December 2024, with revenues reaching $341,896.64 compared to $267,238.41 in December 2023. The company, which operates as a niche ecommerce platform in the spirits and beverage industry through CWSpirits.com, attributes this growth to strategic initiatives, including partnership development and expanded marketing services.

Since its public listing in August 2023, the company has focused on securing new marketing contracts and strengthening its business foundation. While growth rates have moderated from the initial spike following CWSpirits.com's integration, the company maintains positive momentum. With new board members joining, LQR House enters 2025 with renewed strategic focus on delivering innovative solutions in the spirits and beverage sector.

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.

LQR House (NASDAQ:LQR) announced its shares will begin trading under the new ticker symbol 'YHC' on the Nasdaq Capital Market starting December 16, 2024. The change from 'LQR' reflects the strategic vision of recently nominated board members Yilin Lu and Hong Chun Yeung, who bring experience from Cantor Fitzgerald Capital Market in Hong Kong and Goldman Sachs. The new ticker 'YHC' means 'one bottle' in their native language, symbolizing the company's commitment to uniting cultures through spirits. CEO Sean Dollinger expressed confidence that this change represents the fresh perspective needed for growth, particularly in Asian markets.

LQR House announces SWOL Tequila's approval by the Liquor Control Board of Ontario (LCBO), marking its entry into the Canadian market. Of The Earth Distribution Corp. has placed the first purchase order for 1,000 bottles, shipping directly from Mexico. This milestone enables distribution across Ontario under LCBO's oversight. Additionally, CEO Sean Dollinger purchased 28,700 shares, and Secretary Alexandra Hoffman acquired 8,000 shares of LQR House stock, demonstrating leadership's confidence in the company's future.

LQR House (NASDAQ:LQR) announces strategic share acquisitions and board nominations. MeiFang Group acquired 821,818 shares at $1.58/share ($1.3M total) while Winz Technology Co. is set to acquire 280,000 shares at $2.85/share ($800K total) from activist investor David Lazar. The company nominated two experienced professionals to its Board: Yilin Lu, a CFA with 15+ years in equity investment, and Hong Chun Yeung, a CPA with 13 years in auditing and M&A advisory. These strategic moves aim to strengthen LQR House's market position in the spirits and beverage industry.

LQR House (NASDAQ:LQR) has unveiled a redesigned bottle for its SWOL Tequila brand, featuring a new glass shape and peelable label patch. The company launched a Golden Ticket campaign where 5 winners will receive an all-expenses-paid trip to Guadalajara and Tequila, Mexico, to experience the tequila production process. The campaign involves hiding golden stickers beneath the label patches in select bottles from a 10,000-bottle batch. Winners will tour the SWOL Tequila distillery and learn about the production process from industry experts. The company is utilizing its influencer network to promote the campaign.

LQR House (NASDAQ:LQR) announced its Board of Directors has approved purchasing up to $1 million in Bitcoin as part of its treasury management strategy. The company will also accept cryptocurrency payments on CWSpirits.com and plans to retain up to $10 million of these crypto payments in Bitcoin. CEO Sean Dollinger stated that Bitcoin's scarcity and finite supply position it as a hedge against inflation. The company maintains its focus on core operations, including previously announced cost-cutting initiatives and collaboration with new board members for sustainable growth strategies.