QualityStocksNewsBreaks – Splash Beverage Group Inc. (SBEV) Targeting Off-Premises Channel Initiatives to Expand Revenue-Generating Opportunities
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…