Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, including SALT Citrus flavored tequila, announced that the tequila will be available in 20 additional Sam’s Club stores. Sam’s Club is a subsidiary of Walmart Inc. (NYSE: WMT), the largest retailer in the world; Sam’s Club has increased distribution of the beverage 48% over Q1 2021. The announcement noted that SALT is currently available in 42 Sam’s Club stores located mostly in Arizona, California, Florida and New Mexico. SBEV noted that its SALT tequila is thought to be the world’s first flavored 100% agave, 80-proof tequilas; the company also stated that annual tequila consumption in the United States has increased by 14%. “We’re very pleased to increase the availability of SALT tequila through even more stores owned by the largest retailer in the world,” said Splash Beverage CEO Robert Nistico in the press release. “Following SALT’s authorization for sale in Walmart stores in 2020, we see the expanded distribution into additional Sam’s Club stores as a very positive sign of consumer demand for our flavored tequila brand in one of the highest-growth segments of the alcoholic beverage market.”
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About Splash Beverage Group Inc.
Splash Beverage Groupspecializes in manufacturing, distribution, sales and marketing of various beverages across multiple channels. SBEV operates in both the nonalcoholic and alcoholic beverage segments, which the company believes leverages efficiencies and dilutes risk. SBEV believes its business model is unique because it only develops and accelerates brands it perceives to have highly visible pre-existing brand awareness or pure category innovation. For more information about the company, please 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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