Splash Beverage stock rises on operational update and expansion plans

Investing.com -- Splash Beverage Group Inc (NYSE:SBEV) stock rose 4.5% on Friday after the emerging beverage brands portfolio company provided an operational update highlighting recent progress and strategic direction following its announced leadership transition.

The company, which is currently in a CEO transition process, outlined several growth initiatives including the upcoming launch of Chispo Tequila across six key states - California, Nevada, Texas, Oklahoma, New York, and Florida. According to the company, early trade partner response has been strong, with a high-volume restaurant chain planning to replace its house tequila with the new brand.

Splash is also expanding into the THC beverage category, noting that recent federal regulatory developments may enhance opportunities in this space. The company mentioned that with a current slated ban of these drinks in one year, market demand could be significant during this period.

The company’s water business continues to advance with a multi-year anchor customer purchase order valued at approximately $6 million annually. Splash has identified local contract-packing partners to increase production of its Costa Rican water, with deliveries potentially beginning as early as the first quarter of 2026.

"As we turn the page to Splash’s next phase, our priorities are clear - execute, expand, and create sustainable value," said Bill Caple, Chairman of the Board. "The foundation of strong brands, disciplined operations, and category innovation positions Splash to re-emerge as one of the most dynamic small-cap companies."

The company also reiterated its commitment to securing an anchor acquisition to enhance growth and accelerate profitability, noting that while its focus remains within the beverage sector, management is also evaluating opportunities in additional high-growth categories.

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