Don’t be misled by a weak Splash Beverage Group (NYSE:SBEV) share price; the company is firing on all cylinders. In fact, it’s fair to argue that they are in their best operating position ever after signing another significant distribution agreement, this time with Missouri-based Lohr Distributing, the exclusive Distributor of Anheuser-Busch (NYSE:BUD) products, to distribute SBEV’s portfolio of brands throughout the state.
It’s another big score for SBEV, with Lohr Distributing no small player. They currently offer a substantial customer base over 200 brands of beer, 525 brands of Spirits, and 1250 brands of Wine. That’s in addition to distributing to all licensed accounts in Missouri. That’s not all to like.
The better news about this agreement is that Lohr isn’t taking only one or two SBEV brands; they are agreeing to distribute them all, a win-win deal that could help send Splash’s revenues appreciably higher. And that could happen sooner than later, especially with TapouT, SALT, Copa Di Vino, and Pulpoloco brands continuing to gain national distribution traction. Robert Nistico thinks so. In SBEV’s announcement of the deal, he said, “Remember, every time we sign a distribution deal or retail chain, we add revenue.”
But this deal isn’t the only headline event in recent days. Another one should have investor taste buds salivating as well.
