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MIAMI BEACH - LQR House Inc. (NASDAQ:YHC), a micro-cap ecommerce platform with a market value of $4.08 million focused on the spirits and beverage industry, announced Monday an exclusive partnership with Of The Earth Distribution (OTE) to bring its SWOL Tequila brand to Greece and Thailand. The agreement, effective April 1, 2025, aims to utilize OTE’s established networks in these countries to meet the growing demand for premium tequila. According to InvestingPro data, the company has shown strong revenue growth of 123% in the last twelve months, despite challenging market conditions.
OTE’s connections with key buyers and distributors have already shown positive responses to SWOL Tequila introductions, indicating a robust market for premium spirits in these areas. Jason Pucci, CEO of OTE, expressed confidence in the brand’s potential, citing less market saturation in Greece and Thailand compared to North America.
Sean Dollinger, CEO of LQR House, views this international expansion as a significant milestone for SWOL Tequila, which started as an exclusive online product and is now poised for global recognition. The partnership aligns with LQR House’s strategy to extend its premium portfolio’s reach through strategic distribution agreements.
LQR House also announced the resignation of board member David Lazar on Tuesday, acknowledging his contributions to the company’s restructuring and operational efficiencies. The company credits Lazar with introducing new board members who have positively impacted LQR House’s development.
LQR House, known for its alcohol marketplace cwspirits.com, aims to be a key player in the wine and spirits e-commerce sector. The platform offers a range of alcohol products, leveraging technology to enhance the consumer experience. As a marketing agency, LQR House also focuses on correlating campaign success with sales, emphasizing a return on investment. InvestingPro analysis indicates the company faces operational challenges with a negative gross profit margin of -12.5% and a current ratio of 0.78, suggesting potential liquidity concerns.
This press release contains forward-looking statements regarding the company’s future operations and financial performance. Investors are cautioned that actual results may differ from these projections. The information is based on a press release statement and does not include any speculative or promotional content. For comprehensive financial analysis and additional insights, including 15+ exclusive ProTips and detailed valuation metrics, visit InvestingPro.
In other recent news, LQR House Inc. has taken significant steps to address compliance with Nasdaq’s listing standards. The company had previously fallen short of the Nasdaq Capital Market’s minimum stockholders’ equity requirement of $2.5 million, but it has since improved its financial position. In January 2025, LQR House Inc. received approximately $4.05 million from the exercise of outstanding warrants and secured an additional $5.01 million through common stock sales in March 2025. As of early April 2025, the company believes it has regained compliance with Nasdaq’s minimum equity requirement, with combined net proceeds totaling approximately $9.06 million.
Additionally, LQR House Inc. has announced a new purchase order for 168 cases of SWOL Tequila from Of The Earth Distribution Corp. in Ontario. This follows a successful initial sale in the province, where more than half of the inventory has been sold, indicating a growing market for the product. The Liquor Control Board of Ontario has approved SWOL Tequila, allowing distribution in select restaurants and bars. LQR House’s strategy to export directly from Mexico to Canada comes amid U.S. tariffs and uncertainties in alcohol sales, potentially benefiting from restricted access to premium tequila brands in Canadian stores. These developments reflect the company’s ongoing efforts to expand its market presence and product reach.
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