LQR House Inc. Secures Liquor Control Board of Ontario (LCBO) Approval for SWOL Tequila in Ontario
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 annuncia l'approvazione di SWOL Tequila da parte della Liquor Control Board dell'Ontario (LCBO), segnando così il suo ingresso nel mercato canadese. Of The Earth Distribution Corp. ha effettuato il primo ordine di acquisto per 1.000 bottiglie, che saranno spedite direttamente dal Messico. Questo traguardo consente la distribuzione in tutta l'Ontario sotto la supervisione della LCBO. Inoltre, il CEO Sean Dollinger ha acquistato 28.700 azioni, mentre la segretaria Alexandra Hoffman ha acquisito 8.000 azioni di LQR House, dimostrando la fiducia della leadership nel futuro dell'azienda.
LQR House anuncia la aprobación de SWOL Tequila por parte de la Liquor Control Board de Ontario (LCBO), marcando su entrada en el mercado canadiense. Of The Earth Distribution Corp. ha realizado el primer pedido de compra de 1,000 botellas, que se enviarán directamente desde México. Este hito permite la distribución en toda Ontario bajo la supervisión de la LCBO. Además, el CEO Sean Dollinger compró 28,700 acciones, y la secretaria Alexandra Hoffman adquirió 8,000 acciones de LQR House, demostrando la confianza del liderazgo en el futuro de la empresa.
LQR House는 온타리오 주 주류 관리 위원회(LCBO)에 의해 SWOL 테킬라의 승인이 있음을 발표하며, 이는 캐나다 시장 진입을 의미합니다. Of The Earth Distribution Corp.는 멕시코에서 직접 배송되는 1,000병의 첫 구매 주문을 했습니다. 이 이정표는 LCBO의 감독하에 온타리오 전역으로의 배급을 가능하게 합니다. 또한, CEO Sean Dollinger는 28,700주를 구매했으며, 비서 Alexandra Hoffman은 LQR House 주식 8,000주를 인수하여 회사의 미래에 대한 경영진의 신뢰를 나타냈습니다.
LQR House annonce l'approbation de SWOL Tequila par la Liquor Control Board de l'Ontario (LCBO), marquant son entrée sur le marché canadien. Of The Earth Distribution Corp. a passé la première commande d'achat de 1 000 bouteilles, expédiées directement du Mexique. Ce jalon permet la distribution à travers l'Ontario sous la supervision de la LCBO. De plus, le PDG Sean Dollinger a acheté 28 700 actions, et la secrétaire Alexandra Hoffman a acquis 8 000 actions de LQR House, démontrant la confiance des dirigeants dans l'avenir de l'entreprise.
LQR House gibt die Genehmigung von SWOL Tequila durch die Liquor Control Board von Ontario (LCBO) bekannt, was den Eintritt in den kanadischen Markt markiert. Of The Earth Distribution Corp. hat die erste Bestellung über 1.000 Flaschen aufgegeben, die direkt aus Mexiko versandt werden. Dieses Meilenstein ermöglicht die Verteilung in ganz Ontario unter der Aufsicht der LCBO. Darüber hinaus hat CEO Sean Dollinger 28.700 Aktien gekauft, und Sekretärin Alexandra Hoffman erwarb 8.000 Aktien von LQR House, was das Vertrauen der Führung in die Zukunft des Unternehmens zeigt.
- Secured LCBO approval for SWOL Tequila distribution in Ontario
- Received first purchase order for 1,000 bottles from Of The Earth Distribution Corp.
- Insider buying: CEO acquired 28,700 shares and Secretary purchased 8,000 shares
- None.
Insights
The LCBO approval for SWOL Tequila represents a significant market expansion opportunity in Ontario, Canada's largest province with annual alcohol sales exceeding
The insider buying activity from CEO Sean Dollinger (28,700 shares) and Secretary Alexandra Hoffman (8,000 shares) signals management's confidence in the company's trajectory. For a micro-cap company with
First 1,000 Bottles Ordered by Of The Earth Distribution Corp., Marking Key Milestone in Canadian Market Expansion
MIAMI BEACH, FL / ACCESSWIRE / December 3, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche e-commerce platform specializing in the spirits and beverage industry, is thrilled to announce that SWOL Tequila has received Approval for Ontario Product Analysis by the Liquor Control Board of Ontario (LCBO). This significant milestone paves the way for LQR House's international expansion and marks its entry into the Canadian market, starting with a purchase order from Of The Earth Distribution Corp.
SWOL Tequila, a premium brand fully owned by LQR House, successfully completed the LCBO's rigorous product analysis, clearing the way for distribution across Ontario under the LCBO's regulatory oversight. This achievement ensures that SWOL Tequila is ready to make its mark in one of Canada's largest and most discerning markets for alcoholic beverages.
Sean Dollinger, CEO of LQR House, shared his excitement "I know I've said this before, but bringing SWOL Tequila to Canada-my home country-is truly a dream come true. I know firsthand how hard it is to find good, affordable tequila when I'm in Canada, so I'm thrilled that SWOL has been approved for sale in Ontario. I'm hopeful this will give way for SWOL to enter other provinces very soon."
With the LCBO's approval in place, Of The Earth Distribution Corp. has placed its first purchase order for SWOL Tequila, which will ship directly from Mexico this week. This order marks the beginning of what LQR House anticipates will be a successful expansion into Canada.
Jason Pucci, CEO of Of The Earth Distribution Corp., stated "We are thrilled to partner with LQR House to bring SWOL Tequila to the Canadian market, starting with Ontario. The LCBO's approval highlights the exceptional quality of SWOL Tequila, and we are confident it will resonate with Canadian consumers seeking premium, authentic spirits. This is an exciting step forward as we expand our reach and bring unique offerings to the market."
Stay tuned for updates on when and where you can purchase SWOL Tequila in Ontario, as LQR House continues to deliver its premium offerings to new markets.
Additional Updates on LQR House Leadership Investments
In a show of confidence in the Company's future, LQR House's CEO, Sean Dollinger, recently purchased 28,700 Shares of LQR House stock. Additionally, Alexandra Hoffman, LQR House's Secretary and Board Member, acquired 8000 shares. These investments underscore the commitment of LQR House's leadership to the Company's long-term success and growth strategy.
About LQR House Inc.
LQR House intends to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform seamlessly delivers a diverse range of emerging, premium, and luxury spirits, wines, and champagnes from esteemed retail partners like Country Wine & Spirits. Functioning as a technology-driven hub, LQR House utilizes software, data analytics, and artificial intelligence to elevate the consumer experience. CWSpirits.com stands out as the go-to destination for modern, convenience-oriented shoppers, providing a curated selection of alcohol products delivered to homes across the United States. Beyond its role in an e-commerce sector, LQR House is a marketing agency with a specialized focus on the alcohol industry. The Company measures campaign success by directly correlating it with sales on CWSpirits.com, demonstrating a return on investment. Backed by an influential network of over 550 figures in the alcohol space, LQR House strategically drives traffic to CWSpirits.com, enhancing brand visibility. LQR House intends to disrupt the traditional landscape of the alcohol industry, driven by its dedication to providing an unparalleled online purchasing experience and delivering tailored marketing solutions.
About Of The Earth Distribution Corp.
Of The Earth Distribution Corp. is a premier distributor of fine spirits in Canada, committed to delivering top-quality products to the Canadian market. With a focus on exceptional service and client satisfaction, the company works with global partners to bring world-class spirits to Ontario and beyond.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Shareholders can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. Forward-looking statements contained in this press release are made only as of the date of this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the United States Securities and Exchange Commission (the "SEC"). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the headings "Risk Factors". Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.
Investor and Media Contact:
Contact Information
Sean Dollinger
CEO
info@lqrhouse.com
SOURCE: LQR House
View the original press release on accesswire.com
FAQ
When did LQR House (NASDAQ:LQR) receive LCBO approval for SWOL Tequila?
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