Splash Beverage Group, Inc. (SBEV) stock soared 59.81% in the current market trading session at the price of $1.71 after it received approval to sell TapouT in Walmart stores across Florida.
Splash Beverage Group, an innovator in the beverage market, is focused on growing and accelerating early-stage brands in its portfolio. The company has an emerging portfolio of non-alcoholic and alcoholic beverage brands, including Pulpoloco sangria, SALT flavored tequilas, and others.
SBEV Received Approval for TapouT
On 11th January 2022, SBEV reported receiving authorization to sell its TapouT drink in 47 Walmart stores across Florida metropolitan regions. Walmart has roughly 341 stores across Florida, the second-largest number of stores in the United States.
Chairman and Chief Executive Officer of SBEV, Robert Nistico, remarked that they are delighted with Walmart’s authorization, and it is a fantastic start to 2022. Walmart is incredibly selective in the brands they pick to offer their shoppers. The selection of TapouT demonstrates that the brand can compete with other largest and famous multinational brands.
Robert added that they are thankful to Walmart for this great opportunity. He also thanked the Anheuser Busch network and distribution partner AB One who played a big part in this selection. The company eagerly seizes growth opportunities within Walmart and beyond. They honor the demonstrated confidence and validation of Walmart for them and TapouT.
SBEV Won GDUSA Design Award 2021
Previously on 5th January 2022, SBEV announced that its design agency had won the 58th Annual GDUSA Design Award. The award had received for a packaging design for TapouT performance hydration-recovery drink. TapouT got chosen from more than 11,000 submissions. TapouT’s enhanced packaging design effectively communicates the unique operational benefits of its drinks over other sport and electrolyte drinks.
Andon Guenther remarked that they were thrilled to get selected for the strategic packaging design award 2021. This opportunity will provide them with further brand growth. They appreciate TapouT’s capacity to offer delicious experience, hydration, and better performance without adding unhealthy additives.