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LQR House Signs Exclusive Distribution Agreement with Of The Earth Distribution to Launch SWOL Tequila in Greece and Thailand

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LQR House (NASDAQ:YHC) has signed an exclusive distribution agreement with Of The Earth Distribution (OTE) to launch SWOL Tequila in Greece and Thailand. The agreement, signed on April 1, 2025, aims to leverage OTE's established networks to accelerate growth in these emerging markets.

OTE's CEO Jason Pucci noted strong initial interest among their network partners, highlighting significant potential for premium tequila in these less saturated markets. The expansion aligns with LQR House's strategy to scale its premium portfolio globally through strategic distribution partnerships.

Additionally, the company announced board member David Lazar's resignation on April 2, 2025. Lazar's tenure was marked by his contributions to cost-saving initiatives and operational efficiencies, as well as his role in introducing impactful new board members.

LQR House (NASDAQ:YHC) ha firmato un accordo di distribuzione esclusivo con Of The Earth Distribution (OTE) per lanciare SWOL Tequila in Grecia e Thailandia. L'accordo, firmato il 1 aprile 2025, mira a sfruttare le reti consolidate di OTE per accelerare la crescita in questi mercati emergenti.

Il CEO di OTE, Jason Pucci, ha notato un forte interesse iniziale tra i partner della loro rete, evidenziando il significativo potenziale per il tequila premium in questi mercati meno saturi. L'espansione è in linea con la strategia di LQR House di espandere il proprio portafoglio premium a livello globale attraverso partnership di distribuzione strategiche.

Inoltre, l'azienda ha annunciato le dimissioni del membro del consiglio David Lazar il 2 aprile 2025. Il mandato di Lazar è stato caratterizzato dai suoi contributi alle iniziative di risparmio sui costi e alle efficienze operative, così come dal suo ruolo nell'introduzione di nuovi membri del consiglio di grande impatto.

LQR House (NASDAQ:YHC) ha firmado un acuerdo de distribución exclusivo con Of The Earth Distribution (OTE) para lanzar SWOL Tequila en Grecia y Tailandia. El acuerdo, firmado el 1 de abril de 2025, tiene como objetivo aprovechar las redes establecidas de OTE para acelerar el crecimiento en estos mercados emergentes.

El CEO de OTE, Jason Pucci, destacó el fuerte interés inicial entre sus socios de red, subrayando el significativo potencial para el tequila premium en estos mercados menos saturados. La expansión se alinea con la estrategia de LQR House de escalar su portafolio premium a nivel global a través de asociaciones de distribución estratégicas.

Además, la empresa anunció la renuncia del miembro de la junta David Lazar el 2 de abril de 2025. El mandato de Lazar se caracterizó por sus contribuciones a iniciativas de ahorro de costos y eficiencias operativas, así como por su papel en la introducción de nuevos miembros de la junta de gran impacto.

LQR House (NASDAQ:YHC)는 Of The Earth Distribution (OTE)와 독점 배급 계약을 체결하여 그리스와 태국에서 SWOL Tequila를 출시합니다. 2025년 4월 1일에 체결된 이 계약은 OTE의 확립된 네트워크를 활용하여 이러한 신흥 시장에서의 성장을 가속화하는 것을 목표로 합니다.

OTE의 CEO인 Jason Pucci는 네트워크 파트너들 사이에서 강한 초기 관심을 언급하며, 이러한 덜 포화된 시장에서 프리미엄 테킬라에 대한 상당한 잠재력이 있음을 강조했습니다. 이 확장은 LQR House가 전략적 배급 파트너십을 통해 전 세계적으로 프리미엄 포트폴리오를 확장하려는 전략과 일치합니다.

또한, 회사는 2025년 4월 2일에 이사 David Lazar의 사임을 발표했습니다. Lazar의 임기는 비용 절감 이니셔티브와 운영 효율성에 대한 기여, 그리고 영향력 있는 새로운 이사들의 도입에서의 역할로 특징지어졌습니다.

LQR House (NASDAQ:YHC) a signé un accord de distribution exclusif avec Of The Earth Distribution (OTE) pour lancer SWOL Tequila en Grèce et en Thaïlande. L'accord, signé le 1er avril 2025, vise à tirer parti des réseaux établis d'OTE pour accélérer la croissance sur ces marchés émergents.

Le PDG d'OTE, Jason Pucci, a noté un fort intérêt initial parmi ses partenaires de réseau, soulignant le potentiel significatif pour le tequila premium dans ces marchés moins saturés. L'expansion s'inscrit dans la stratégie de LQR House d'élargir son portefeuille premium à l'échelle mondiale grâce à des partenariats de distribution stratégiques.

De plus, l'entreprise a annoncé la démission de David Lazar, membre du conseil d'administration, le 2 avril 2025. Le mandat de Lazar a été marqué par ses contributions aux initiatives d'économie de coûts et aux efficacités opérationnelles, ainsi que par son rôle dans l'introduction de nouveaux membres influents au conseil.

LQR House (NASDAQ:YHC) hat einen exklusiven Vertriebsvertrag mit Of The Earth Distribution (OTE) unterzeichnet, um SWOL Tequila in Griechenland und Thailand auf den Markt zu bringen. Der am 1. April 2025 unterzeichnete Vertrag zielt darauf ab, die etablierten Netzwerke von OTE zu nutzen, um das Wachstum in diesen aufstrebenden Märkten zu beschleunigen.

Der CEO von OTE, Jason Pucci, vermerkte ein starkes anfängliches Interesse unter seinen Netzwerkpartnern und hob das signifikante Potenzial für Premium-Tequila in diesen weniger gesättigten Märkten hervor. Die Expansion steht im Einklang mit der Strategie von LQR House, sein Premium-Portfolio global durch strategische Vertriebspartnerschaften auszubauen.

Darüber hinaus gab das Unternehmen am 2. April 2025 den Rücktritt von Vorstandsmitglied David Lazar bekannt. Lazars Amtszeit war geprägt von seinen Beiträgen zu Kostensenkungsinitiativen und betrieblichen Effizienzen sowie seiner Rolle bei der Einführung neuer, einflussreicher Vorstandsmitglieder.

Positive
  • Expansion into new, less saturated markets through exclusive distribution agreement
  • Strong initial interest reported from distribution partners in target markets
  • Strategic advancement from direct-to-consumer to global distribution model
Negative
  • Loss of key board member involved in restructuring and cost-saving initiatives

Insights

LQR House's exclusive distribution deal with Of The Earth Distribution represents a strategic expansion for their SWOL Tequila brand into less-saturated markets. This marks an important evolution in their distribution strategy, shifting from a purely direct-to-consumer model to establishing an international wholesale presence.

The choice of Greece and Thailand is particularly interesting. Neither market is traditionally associated with significant tequila consumption, suggesting LQR House is targeting emerging opportunity zones rather than competing in established tequila markets where brand recognition barriers would be higher. This approach might allow SWOL to establish category leadership in these regions before larger competitors prioritize them.

However, several critical factors will determine success. First, the premium tequila category requires considerable brand-building investment and education in new markets where tequila culture isn't ingrained. Second, distribution relationships alone don't guarantee success without appropriate pricing strategy, marketing support, and product-market fit. Most importantly, the announcement lacks quantitative projections regarding expected sales volumes or timeline to market penetration.

The board member departure following restructuring efforts creates an interesting inflection point – the company appears to be transitioning from cost-cutting to growth mode, though execution capabilities remain unproven. For a company with LQR's modest market capitalization ($8.2 million), international expansion represents both significant opportunity and considerable risk.

MIAMI BEACH, FLORIDA / ACCESS Newswire / April 3, 2025 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:YHC), a niche ecommerce platform specializing in the spirits and beverage industry, today announced that on April 1, 2025, it has entered into an exclusive agreement with Of The Earth Distribution ("OTE") to introduce its flagship brand, SWOL Tequila, to the markets of Greece and Thailand. The Company believes that this strategic partnership will leverage OTE's established sales and distribution networks to create demand and accelerate growth in these promising new regions.

Of The Earth Distribution brings deep-rooted relationships with key buyers, importers, and distributors in both Thailand and Greece. According to OTE, initial introductions of SWOL Tequila have already generated strong interest among OTE's network, highlighting a significant appetite for premium tequila in these emerging markets.

Jason Pucci, CEO of Of The Earth Distribution, commented "Our partners in Thailand and Greece are genuinely enthusiastic about the potential of SWOL Tequila. These markets are less saturated compared to North America, offering a unique opportunity for a premium brand like SWOL to carve out a distinct presence. The timing is optimal for introducing a tequila of this caliber, and we are confident in the market's receptivity."

Sean Dollinger, CEO of LQR House, added "Expanding SWOL's wholesale footprint internationally marks an exciting new chapter for the brand. What began as an exclusive, direct-to-consumer offering on our website has grown into a product with potential global appeal. We believe that seeing momentum build in countries like Thailand and Greece will be incredibly rewarding and will validate our vision for SWOL as a globally recognized tequila."

This expansion reflects LQR House's broader strategy of developing strategic distribution partnerships to scale the reach of its premium portfolio and meet increasing global demand for distinctive spirits.

LQR House also announces the resignation of board member David Lazar on April 2, 2025. We extend our sincere gratitude to Mr. Lazar for his valuable contributions during a critical phase of the Company's restructuring. His leadership played an integral role in implementing cost-saving initiatives and operational efficiencies that have helped position LQR House for long-term success.

Mr. Lazar was also instrumental in introducing new board members whose expertise and involvement have proven to be incredibly impactful as we are entering this next chapter of the Company's development. We thank David for his service and wish him continued success in his future endeavors.

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 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 around 460 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.

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, 2024, 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, 2024, 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:

info@lqrhouse.com

SOURCE: LQR House



View the original press release on ACCESS Newswire

FAQ

What markets will SWOL Tequila expand to through LQR House's new distribution agreement?

SWOL Tequila will expand to Greece and Thailand through an exclusive distribution agreement with Of The Earth Distribution, signed on April 1, 2025.

How will the distribution agreement benefit LQR House's market presence?

The agreement will leverage OTE's established sales and distribution networks to create demand and accelerate growth in less saturated markets of Greece and Thailand.

What strategic changes occurred in LQR House's board structure in April 2025?

Board member David Lazar resigned on April 2, 2025, after contributing to cost-saving initiatives and operational efficiencies.

What is the significance of SWOL Tequila's international expansion for LQR House?

The expansion represents LQR House's evolution from a direct-to-consumer model to global distribution, aiming to establish SWOL as a globally recognized tequila brand.
LQR House Inc.

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