Due to the strong demand for its TapouT performance drink, Splash Beverage Group, Inc. has received approval to sell its products in over 340 Walmart stores in Florida. SBEV stock surges by 54% right after the news was announced in the market, now costing $1.59. This is a great opportunity for the company to expand its reach in the US and compete against the biggest global brands in the beverage industry. Robert Nistico, the company’s Chairman and CEO, is excited about the partnership.
Thanking Walmart for the opportunity, Nistico stated that the company is focused on seizing the potential of the Florida market and beyond. Both Walmart and its distribution partner, Ab One, played a vital role in securing the company’s approval. Splash Beverage Group, an innovative alcoholic and non-alcoholic drink company, owns a portfolio of leading brands, such as Copa di Vino wine, Salty tequilas, and Pulpoloco. Its strategy is to acquire and develop early-stage companies that have high potential and accelerate their growth.