Fresh Vine Wine, Inc. - VINE STOCK NEWS

Fresh Vine Wine, Inc. (NYSE American: VINE) will showcase its premium lower carb wines at the FOOD & WINE Classic in Aspen from June 17-19, 2022. Winemaker Jamey Whetstone will present five varietals, highlighting the brand's commitment to innovation and health-conscious options in the wine industry. This event attracts over 4,000 affluent consumers and industry leaders, providing Fresh Vine Wine with significant exposure. The company aims to accelerate growth in 2022 through enhanced marketing and product offerings, tapping into the $69 billion U.S. wine market.

Fresh Vine Wine, Inc. (NYSE American: VINE) has achieved a significant retail milestone with its Cabernet Sauvignon and Chardonnay now available in over 200 Total Wine & More stores nationwide. This expansion reflects the successful implementation of its retail growth strategy, adding 1,292 new Points of Distribution in the last 60 days. Fresh Vine Wine has also ramped up production of its popular Rosé by over 20 times compared to last year. The company positions itself as a leader in the health-conscious wine category, appealing to active lifestyle consumers.

Fresh Vine Wine, Inc. (NYSE American: VINE) has partnered with The Independent Grocers Alliance (IGA) to promote health-oriented wine options. The collaboration aims to educate retailers on incorporating Fresh Vine Wine into meal preparations through IGA's Better Choices program. Key initiatives include creating an online Retail Learning Institute course for grocery owners and marketing campaigns to boost brand awareness and sales. IGA operates over 8,000 locations globally, enhancing Fresh Vine Wine's reach in the premium wine market.

Fresh Vine Wine, Inc. (NYSE: VINE) reported significant financial growth for Q1 2022, with revenues soaring 675% year-over-year and a 43% increase from Q4 2021. The company shipped over 6,000 cases, nearly doubling its wholesale revenues, and has expanded its distribution points to over 2,000. CEO Janelle Anderson noted aggressive investments in marketing and inventory, totaling over $3.5 million. Fresh Vine Wine plans to launch a new Sauvignon Blanc varietal, expected to capitalize on summer demand. Despite losses of $4.3 million, the company remains optimistic about its growth trajectory.

Fresh Vine Wine (NYSE AMEX: VINE) has partnered with RDE, Inc. (OTCQB: RSTN), the operator of Restaurant.com, to enhance consumer dining experiences. This collaboration aims to introduce Fresh Vine's premium wines, known for being lower-carb and gluten-free, to Restaurant.com’s 8 million opt-in subscribers. A special promotion will offer a $50 gift card for $35 to customers. Fresh Vine Wine continues its growth strategy post-IPO in December 2021, targeting the $69 billion U.S. wine market with affordable luxury wines priced between $14.99 and $22.99.

Fresh Vine Wine, Inc. (NYSE American: VINE) has announced that its premium wines are now available on Wine.com, the largest online wine retailer in the U.S. This partnership aims to enhance Fresh Vine's e-commerce strategy and increase brand visibility among health-conscious consumers seeking lower-carb, lower-sugar wine options. CEO Janelle Anderson highlighted the importance of this development in expanding their product offerings, while Wine.com expressed excitement in bringing Fresh Vine's selection to its enthusiastic customer base. Fresh Vine Wine's 2022 growth plan focuses on marketing and product expansion.

Fresh Vine Wine, Inc. (NYSE American: VINE), a leader in lower carb and lower calorie premium wines, will present at NobleCon18 on April 20, 2022, at 4:00 PM EDT in Hollywood, Florida. CEO Janelle Anderson will showcase the company's growth plan following its IPO in December 2021. Attendees can engage with management during breakout sessions on April 20 and April 21. A video webcast will be available post-event on the company's website. Fresh Vine Wine aims to expand its brand offerings and marketing strategies in a competitive $69B market.

Fresh Vine Wine (NYSE: VINE) has appointed Ellen Scipta as Chief Financial Officer, effective immediately. Scipta brings over 20 years of financial leadership experience, previously serving as CFO at Intricon. She will oversee accounting and financial operations to support the company's growth strategy. Elliot Savoie, former CFO, transitions to Head of Corporate Development and Ventures, leveraging his vast experience in growth strategies. CEO Janelle Anderson expressed confidence in Scipta's capabilities to enhance the management team and drive shareholder value within the burgeoning premium wine market.

Fresh Vine Wine, Inc. (NYSE American: VINE) reported a remarkable 681% revenue growth year-over-year for fiscal 2021, totaling $1.7 million compared to $217,000 in 2020. The fourth quarter showed a 19% sequential revenue increase, driven by an aggressive marketing strategy and the expansion of distribution networks. The company added over 1,000 points of distribution in Q1 2022 alone. Despite these gains, Fresh Vine reported a net loss of $9.97 million for 2021. The net cash balance as of December 31, 2021, was $16.1 million, indicating sufficient liquidity for continued growth.