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 (SBEV) announced the distribution of its TapouT performance drink across New Mexico, partnering with Admiral Beverage Corporation. This collaboration aims for extensive state coverage, utilizing Admiral's established distribution network, which spans four locations including Albuquerque and Santa Fe. The deal will initially cover all TapouT SKUs, with potential for expansion into additional locations. The partnership strengthens Splash's market presence as it continues to grow its beverage portfolio.
Splash Beverage Group (SBEV) announced the launch of its Copa Di Vino single-serve premium wine in all 70 Texas Love’s Travel Centers. This move marks a significant step into the convenience retail market, targeting consumers on major highways. Love’s has over 590 locations nationwide, providing 24-hour access to various services. Copa Di Vino is known for its innovative approach, requiring no bottles or corkscrews. CEO Robert Nistico emphasized the growing trend of single-serve wine as a key product for convenience stores, enhancing Splash's brand visibility.
Splash Beverage Group (SBEV) announced a partnership with NFL legend Drew Brees to promote the TapouT brand. Brees will become an equity investor in Splash and collaborate on product development for athletes. He emphasized the benefits of TapouT's clean-ingredient performance drink, aimed at youth sports and hydration alternatives. CEO Robert Nistico highlighted Brees' expertise in nutrition and the significance of his equity stake, showcasing confidence in the brand's future. This partnership aims to enhance brand visibility and credibility within the competitive beverage industry.
Splash Beverage Group (NYSE American: SBEV) announced a common stock offering expected to generate approximately $3.1 million in gross proceeds. This funding aims to bolster inventory levels to meet growing distribution demands following recent agreements with major retailers including Target and 7-11. CEO Robert Nistico emphasized the importance of maintaining stock levels during this critical growth phase as the company expands its retail presence and distribution networks.
Splash Beverage Group (SBEV) announced an underwritten public offering of 2,000,000 shares of common stock priced at $1.55 per share, aiming for gross proceeds of approximately $3.1 million. The offering includes a 45-day option for underwriters to purchase an additional 300,000 shares. The proceeds will support distribution and retail expansions. The closing is anticipated on or about September 27, 2022, pending customary conditions. The offering is made via a shelf registration statement declared effective on October 8, 2021.
Splash Beverage Group (SBEV) has announced an underwritten public offering, with EF Hutton acting as the sole book-running manager. The offering will use proceeds to support new distribution and retail authorizations gained recently. It will be conducted under an effective shelf registration statement. A prospectus supplement detailing the offering will be filed with the SEC. The company, known for its innovative beverage brands, aims to expand its portfolio and distribution capabilities.
Splash Beverage Group (SBEV) has announced a distribution agreement with Lohr Distributing in Missouri to distribute all its brands, including Tapout, SALT, Copa Di Vino, and Pulpoloco. Lohr, a major distributor of Anheuser-Busch products, serves all licensed accounts in the state. Chairman Robert Nistico emphasized the significance of this partnership, noting the importance of Missouri for Splash’s growth strategy and revenue generation. This agreement signals Splash's continued efforts to expand its market presence and distribution capabilities.
Splash Beverage Group (NYSE American: SBEV) announced it has received authorization to sell its TapouT performance drink in select Target stores nationwide. With Target being a prominent retailer in the U.S., this partnership allows Splash to reach a vast customer base, as 75% of the population lives within 10 miles of a Target store. CEO Robert Nistico expressed enthusiasm for this strategic relationship, anticipating increased revenue through wider product availability.
On September 13, 2022, Splash Beverage Group (NYSE American: SBEV) announced its expansion of SALT Tequila with new distribution agreements in Nevada and Maryland. Central Distributors of Las Vegas will handle distribution in Nevada, while Carey Distributors, Wantz Distributors, and Buck Distributing will cover Maryland. Chairman and CEO Robert Nistico emphasized the growing consumer demand for SALT Tequila, highlighting its positioning within the booming flavored spirits market.
Splash Beverage Group (NYSE American: SBEV) announced that CEO Robert Nistico will present at the H.C. Wainwright 24th Annual Global Investment Conference on September 14, 2022, at 12:00 Noon in New York City. Investors can access a replay of the presentation via the company’s website. Splash Beverage is recognized for its innovative alcoholic and non-alcoholic beverage brands, including Copa di Vino and SALT flavored tequilas. The company aims to expand its portfolio and global distribution, driven by a seasoned management team.
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