Splash Beverage Group (OTCQB: SBEV), a portfolio company of successful beverage brands, released its annual report through a Form 10-K filing with the SEC on March 8, 2021, in which it made several announcements. Among these, the company reported the completion of an asset purchase agreement with Copa di Vino Corporation. Copa di Vino is “a leading producer of premium wine by the glass, based in The Dalles, Oregon,” describes an article discussing the various updates contained in the annual report. The acquisition will “further the company’s alcoholic beverage portfolio. SBEV agreed to purchase certain assets and assume certain liabilities comprising the Copa di Vino business for a total purchase price of $5,980,000. The purchase served to broaden Splash Beverage Group’s product portfolio to a total of four unique beverage brands, including TapouT Performance, a natural isotonic hydration & recovery sports drink; SALT Naturally Favored Tequila; Copa di Vino premium wines packaged in single servings; and Pulpoloco Sangria, a premium crafted sangria imported from Spain.”
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About Splash Beverage Group Inc.
Splash Beverage Group specializes in the manufacturing, distribution, sales and marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments, which the company believes leverages efficiencies and dilutes risk. SBEV believes its business model is unique as it ONLY develops/accelerates brands it perceives to have highly visible preexisting brand awareness or pure category innovation. For more information about the company, visit www.SplashBeverageGroup.com.
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