Splash Beverage Group (OTCQB: SBEV), a portfolio company of successful beverage brands, achieved cumulative sales of $2.975 million in 2020 while also seeing a nearly tenfold rise in quarterly sales between the first and fourth quarter of the year (https://ibn.fm/4R6I8). The growth was influenced by trends in the U.S. alcoholic beverage industry, and the company is further expanding its revenue-generating opportunities by targeting off-premises channel initiatives to deal with social distancing regulations. Splash also anticipates on-premises channel growth once hotels, restaurants and bars start to reopen. Among the company’s achievements and milestones, “its SALT Naturally Flavored tequila had been approved by Walmart in August of last year,” explains a recent article. In addition, “Splash Beverage recently completed the acquisition of Copa Di Vino, the nation’s largest ‘wine by the glass’ manufacturer. The company boasts a retail distribution footprint amounting to over 13,000 outlets across the country.”
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About Splash Beverage Group Inc.
Splash Beverage Group specializes in the manufacturing, distribution, sales and marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments, which the company believes leverages efficiencies and dilutes risk. SBEV believes its business model is unique as it ONLY develops/accelerates brands it perceives to have highly visible preexisting brand awareness or pure category innovation. For more information about the company, visit www.SplashBeverageGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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