Dear Fellow Splash Beverage Group Shareholders,
As we embark upon 2023, I wanted to take this opportunity to briefly update our shareholders on some key developments that have taken place at
Since our August update, we have continued to add distribution agreements and retail authorizations. This is a result of positive brand performance in existing accounts, and our growing reputation in the industry. Keep in mind that each new distributor and / or retail chain adds revenue for Splash.
These examples of authorizations are from both national and regional retailers throughout the country:
Circle K , where all 7 varieties ofCopa di Vino are now being featured inWest Coast stores.Publix , one of the top grocers in theU.S. has authorized TapouT Performance Drink.- Target, where TapouT is now authorized, and our distributors are currently placing product on shelves.
7-Eleven , where Pulpoloco was selected for 7-Eleven’s Brands with Heart highlighting our fully sustainable paper can.- am/pm (BP), where TapouT is authorized for the
West Coast of theU.S. - Winn Dixie Supermarkets has authorized TapouT and is being distributed via one of our broadline distributors.
In addition, SALT Tequila continues its expansion with distribution agreements in
All told, we added more than a dozen-and-a-half new distributors and half-a-dozen national and regional retail chain authorizations, adding thousands of new shelfs to fill in as we prepare for 2023. Setting up this many distributors and chains is an arduous process and takes time. However, we believe we are poised to realize the impact of these additional accounts beginning in early in 2023 and we are very pleased with our progress as we continue to build distribution throughout the U.S.
This growth requires capital of course to ensure we have sufficient inventory to fill orders and support the additional activity. Our most recent raise over the holidays (from the sale of long-term convertible promissory notes and the issuance of warrants to purchase common stock), does just that. These funds came from pre-existing legacy investors and former board members who have demonstrated a long-term approach with their investments in Splash. We believe their investment is indicative of their ongoing confidence in
We will be reporting our 2022 full year financial results soon, but our third quarter results reported in November reflected a 73% growth in gross sales on a quarter-to-quarter comparison, and 64% growth on a 9-month basis. We are confident our overall performance will eventually outpace external market influences.
All this added business needed additional hands to manage the growth, so we brought on industry veteran
Each of our brands tap into unique trends in consumer preferences, and we believe that we are in the right categories at the right time. We are very grateful to have you as shareholders and we look forward to continuing to earn that confidence.
About
For more information visit:
www.SplashBeverageGroup.com
www.copadivino.com
www.drinksalttequila.com
www.pulpo-loco.com
www.tapoutdrinks.com
Forward-Looking Statement
This update includes “forward-looking statements” within the meaning of
Contact Information:
Info@SplashBeverageGroup.com
954-745-5815
Investor Information:
TraDigital IR
Email: john@tradigitalir.com
Phone: (917) 658-2602
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