Welcome to our dedicated page for Splash Beverage Group news (Ticker: SBEV), a resource for investors and traders seeking the latest updates and insights on Splash Beverage Group stock.
Splash Beverage Group, Inc. is a leading player in the consumer beverage industry, managing a diverse portfolio of brands. The company operates in two main segments: manufacturing and distributing non-alcoholic and alcoholic beverages, and retail sales of beverages and groceries online. With a focus on the E-Commerce segment, the company's flagship division Qplash marks its foray into the e-commerce channel. In the beverage-alcohol sector, the company adheres to the Three-Tier Distribution System, relying on independent distributors for local and regional distribution.
Splash Beverage Group (NYSE American:SBEV) has secured a significant retail expansion for its Pulpoloco Sangria through Total Wine & More, America's largest independent fine wine retailer. The authorization includes both Smooth Red and Crisp White Sangria varieties across 115+ stores in eight states: Arizona, California, Colorado, Florida, Illinois, Nevada, Texas, and Virginia.
The partnership with Total Wine & More represents a major distribution milestone for Pulpoloco Sangria, which combines authentic Spanish flavors with eco-friendly CartoCan packaging. This expansion aligns with the company's strategy to reach a broader audience of wine enthusiasts while maintaining its commitment to sustainability.
Splash Beverage Group (NYSE American:SBEV) announced it will host a conference call on Monday, November 25, 2024 at 8:30 a.m. ET to discuss Q3 2024 financial results and business updates. The company's leadership team, including CEO Robert Nistico, CFO Julius Ivancsits, and President/CMO Bill Meissner, will present and take questions. Topics include Q3 2024 financial results, distribution and brand strategy, capital structure updates, and merger & acquisitions developments. A live webcast will be available with replay access until December 9, 2024.
Splash Beverage Group (NYSE American:SBEV) has announced progress in its capital raising efforts to expand market presence and support working capital. The company has secured $7.6 million through private placement of convertible notes and equity in a pending acquisition, updating its previous announcement from August 22, 2024. This funding will provide essential working capital for legacy businesses and enable the pursuit of a complementary acquisition.
CEO Robert Nistico stated that the company is under a Letter of Intent (LOI) with a complementary beverage company, which aligns with their vision. The acquisition target remains confidential but is unrelated to the previously announced Western Son acquisition. Nistico emphasized that this capital raise demonstrates investor confidence in the company's growth strategy and long-term potential.
Splash Beverage Group (NYSE American: SBEV) has announced the initial closing of its first tranche of a private placement for operating capital. The company has secured over $4 million in the first tranche, with approximately half already received and the remainder expected in the coming days. Documents for a second tranche of $4 million have been distributed, with about $3 million already executed. Notably, the company has retired a $2.4 million financing from last year, which is expected to alleviate downward pressure on the stock. Splash Beverage Group will host a conference call on August 22, 2024, at 4:00 pm ET to discuss these developments and answer questions from interested parties.
Splash Beverage Group (NYSE American: SBEV) has announced a conference call to discuss its 2024 Second Quarter Results and State of the Business Update on Thursday, August 22, 2024, at 4:00 pm ET. The call will feature the company's C-Suite team, including Robert Nistico (Chairman/CEO), Julius Ivancsits (CFO), and Bill Meissner (President/CMO).
Key topics to be addressed include:
- Q2'2024 Financial Results
- Distribution and Brand Strategy
- Capital Structure and Financing Update
- 2nd Half 2024/2025 Financial Outlook
- Merger & Acquisitions Update
Interested parties can join via phone or webcast, with a replay available until August 22, 2025.
Splash Beverage Group (NYSE American:SBEV) has secured statewide authorization for its Chocolate SALT Tequila from the Pennsylvania Liquor Control Board (PLCB). This achievement allows the product to be available in nearly 600 fine wine and spirits stores across Pennsylvania starting in September.
Chocolate SALT Tequila is a premium 100% Blue Agave Tequila produced in Jalisco, Mexico. It's an 80 proof / 40% ABV Tequila infused with rich mocha, dark chocolate, and subtle Himalayan Sea salt flavors. This authorization aligns with Splash Beverage Group's strategy to build a comprehensive distribution network and scale its brands nationally, facilitated by its new distributor relationship with Johnson Brothers in Pennsylvania.
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