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LQR House Inc. (NASDAQ: LQR) is a cutting-edge liquor marketing company, dedicated to becoming the foremost digital marketing and brand development entity within the alcoholic beverage sector. With a robust partnership with Country Wine & Spirits Inc. (CWS), LQR House oversees all marketing operations on CWSpirits.com, a premier alcohol e-commerce platform. This relationship allows LQR House to craft unique and compelling marketing strategies that elevate beverage brands to new heights.

Led by a team of experienced professionals, LQR House focuses on creating tailored marketing solutions to meet each client’s specific needs. The company's strategic approach combines creative branding, digital marketing expertise, and thorough market analysis to ensure its clients thrive in the competitive wine and spirits industry.

Recent achievements highlight the company's dynamic growth and strategic initiatives. Notably, LQR House announced a share repurchase program, aiming to buy back up to 20% of the company's free-float shares. This program, managed by Dominari Securities LLC, aligns with Rule 10b-18 under the Securities Exchange Act of 1934, ensuring compliance and market integrity. This initiative underscores LQR House's commitment to shareholder value and market confidence.

Financially, LQR House plans to fund the share repurchase using its existing cash reserves, demonstrating a robust financial condition. The company's forward-looking statements reflect its strategic vision and cautious optimism, keeping stakeholders informed about potential risks and future opportunities. Investors are encouraged to review the company's filings with the SEC for more detailed information.

LQR House is poised to become a leader in the wine and spirits marketing landscape, making it the go-to choice for brands aiming for growth and enhanced market presence. With a keen eye on the future, LQR House continues to innovate and drive value for its clients and shareholders alike.

Rhea-AI Summary
LQR House Inc. reiterates commitment to repurchase up to 20% of its free-float shares, with the program anticipated to begin around September 8th, 2023. Funding will be done using existing cash reserves. Compliance with Rule 10b-18 safe harbor requires waiting four weeks after securities trading commenced before initiating share purchases for the buyback.
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FAQ

What is LQR House Inc.?

LQR House Inc. is a digital marketing and brand development company focused on the alcoholic beverage industry, partnering with Country Wine & Spirits.

What recent initiative has LQR House announced?

LQR House recently announced a share repurchase program to buy back up to 20% of the company's free-float shares.

How will the share repurchase program be funded?

The share repurchase program will be funded using LQR House's existing cash reserves.

Who is managing the share repurchase program for LQR House?

Dominari Securities LLC is managing the share repurchase program for LQR House.

What is Rule 10b-18?

Rule 10b-18, established by the SEC, provides a safe harbor for companies during stock repurchases to protect against market manipulation liability.

What is LQR House's partnership with Country Wine & Spirits?

LQR House controls all marketing operations for CWSpirits.com, an alcohol e-commerce platform, through its partnership with Country Wine & Spirits.

What is the core business of LQR House?

The core business of LQR House involves digital marketing and brand development for the wine and spirits industry.

Who is the CEO of LQR House?

Sean Dollinger is the CEO of LQR House Inc.

What are forward-looking statements?

Forward-looking statements are projections about future events that involve risks and uncertainties, based on the company's expectations.

How can investors access LQR House's SEC filings?

Investors can review LQR House's filings with the SEC on the SEC's official website, www.sec.gov.

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