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AwesomeStocks Hello! New Alert: Splash Beverage Group, Inc. SBEV is a high volatility alert with mul

AwesomeStocks Hello! New Alert: Splash Beverage Group, Inc. (NYSE American: SBEV) SBEV is a high volatility alert with multiple recent developments. SBEV is a fast-growing company in two high growth segments, “alcoholic and non-alcoholic” beverages. According to a recent Forbes headline: “Alcohol E-Commerce Expected To Reach $42 Billion By 2025” Furthermore, the growth rate is staggering, as this headline points out: “Led by the US, beverage alcohol ecommerce value expected to grow +66% across key markets 2020-2025” In addition, the non-alcoholic beverage market has continued to grow in popularity as “rising health consciousness has fueled the demand for natural ingredients drinks”. The past few years have been an enormous accelerant for this growth. As a result, we are seeing new products emerge, new methods, new markets, and new sources of supply. SBEV “listed its shares on the NYSE American in June of 2021”. SBEV “specializes in manufacturing, distribution, sales & marketing of various beverages across multiple channels”. SBEV, an “innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including”: - “Copa di Vino wines by the glass” - “SALT flavored tequilas” - “Pulpoloco sangrias” - “TapouT performance hydration and recovery drinks” The company’s “strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories”. SBEV is “led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions”. What’s exciting is that SBEV “is rapidly expanding its brand portfolio and global distribution”. The company has announced numerous accomplishments over the past few months. In June, the company announced: “Splash Beverage Group Reports 2023 First Quarter Financial Results” Here are some of the highlights from this press release: - “Net Sales Rise 48% to $5.8 Million” - “Gross Profit Rises 36% to $1.8 Million” Here are some of the company’s comments from this press release: “Robert Nistico, CEO of Splash Beverage Group said, “Our 2023 first quarter results are consistent with the preliminary results of $5.8 million in NET revenue ($6.1M gross), which is not only another record quarter for sales, but solid improvement in many of the key data points we outline in our April announcement, brands authorized in national and regional chains, selling universe as measured by more than 24,000 store doors. We continue to expand our footprint of distribution relationships such that we are now available throughout the US.” As the company further explained: ““As we noted previously, one or more of our brands have been authorized in more than a dozen national and retail chains in the last six months. As I mentioned in the April update it takes time to activate all our new store door universe, but we have made good progress through the end of Q1 and have placed one or more of our brands on 3,120 new shelves.” Furthermore, the company also announced: - “Splash Beverage Group’s TapouT Partners with Rising UFC Fighter Phil Rowe” - “TapouT Launches New Sparkling Cognitive Energy Drink for Next-Level Functionality” - “Splash Beverage Group Expands Distribution in Eastern US” - “Splash Beverage Group Enters Distribution Agreement with North Carolina’s Coastal Beverage Company” In addition, last week, the company announced: “Splash Beverage Group Secures $10 Million Operating Capital Credit Facility, Raises Additional $2.7 Million With Legacy Investors and Retires S-3 Public Shelf Offering” Here are the highlights from this press release: “We are very pleased to enter into this agreement and onboard capital from our existing investors. This $12.7 Million in total ensures the Company is well funded and will be used to fuel growth as we focus on reaching profitability,” said Robert Nistico, Chief Executive Officer of Splash Beverage Group. “The flexibility and availability of this capital allows us to retire our existing public shelf offering, which underscores our commitment to prudent capital allocation and responsible financial management. We remain committed to delivering value to our shareholders and are focused on executing our strategic plans to drive sustainable long-term growth." Plus, the company also announced: “Splash Beverage Group Reports Second Quarter 2023 Financial Results” Here are the highlights from this press release: - “Quarterly Revenues Rise 15%, Six Month Revenues Rise 31%” - “Quarterly Gross Profit Increase 32%” - “Six Month Gross Profit Increases 34%” Here are the company’s comments from this press release: “Robert Nistico, Splash Beverage Group’s Chairman and CEO, commented, “Our 2023 second quarter results reflect the strengths that we are developing as we grow the business as well as some of the challenges that inevitably emerge in growth businesses. Our Qplash platform, which has increased 43% in the first half of the year compared to last year, is developing very nicely on both a B2B and B2C basis and is now expanding to select international markets. We look for continued contributions from that business. Our quarterly beverage revenues were down slightly in the second quarter, but we attribute that to buying patterns of distributors which can have an impact of timing of sales. The first half beverage sales increased modestly at 7% overall, so we expect a greater upward trend the second half of the year. The beverage business generally “stair steps” it’s way to growth … you focus on distribution, support those new placements with marketing and the cycle starts over again. In total, we are where we believe we are supposed to be.”” But that’s not all… On Monday, the company announced: “Splash Beverage Group Enters New and Expanded Agreements with Distributors Covering Chicago, Mississippi, and Georgia” Here are some highlights from this press release: - “announced it has entered new or expanded distribution agreements with Chicago’s Lakeshore Beverage, Mississippi’s Southern Beverage Company, and Georgia’s United Distributors” - “Splash Beverage also announced that one of the nation’s fastest growing pizza chains, Blaze Pizza, will carry Copa di Vino in nine locations across Southern California.” SBEV has multiple potential catalysts in its favor to experience high growth. Make sure to do your own due diligence. Sources: [Forbes]( [IWSR]( [CB]( [GVR]( [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [PR7]( [PR8]( [Website]( [Chart]( Happy Trading! 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