LQR House Inc. Announces May Revenues Increased 434% YoY To $218,146.34
$LQR
Beverages (Production/Distribution)
Consumer Staples
LQR House Inc. Announces May Revenues Increased 434% YoY To $218,146.34
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MIAMI BEACH, FL / ACCESSWIRE / June 10, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, today announced the acquisition of 1,920,000 shares of DRNK Beverage Corporation at $2.50 USD per share, totaling $4.8 million USD. The proceeds were irrevocably transferred for the sole and exclusive use of the issuer as of June 2024. This investment, which has been held in escrow, will not impact the cash on hand numbers reported in the Company's last filing. LQR House's investment in DRNK marks its strategic entry into both the non-alcoholic (NA) and ready-to-drink (RTD) beverage markets, two rapidly growin
MIAMI BEACH, FL / ACCESSWIRE / May 20, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, today announced the acquisition of approximately 9.9% Common Shares of Cannon Estate Winery Ltd. ("Cannon"), an owner of Cannon Estate Winery.Cannon Estate Winery located at 30523 Burgess Ave. in the Mount Lehman area of Abbotsford, British Columbia, stands as a testament to the untapped potential of the Fraser Valley in the Canadian winemaking landscape. The estate boasts 20 acres under vine, with 16 varietals planted across 23 plots, including Chardonnay, Muscat, Petite Milo, Pinot Noir, and Gamay Noir. Accor
MIAMI BEACH, FL / ACCESSWIRE / February 12, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, is pleased to announce the payment date for its 50% stock dividend. This significant milestone will see stockholders of record as of the close of business on February 12, 2024 ("Record Date Stockholder") receiving the dividend on March 1, 2024. Since the stock dividend will be in excess of 25% of the LQR House stock value the stock dividend ex-dividend date is March 4, 2024 (the business day after the stock dividend distribution date) and any Record Date Stockholder who sells its shares on or before March
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MIAMI BEACH, FL / ACCESSWIRE / February 9, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, proudly announces its latest marketing partnership with Alamo Distilling, a dynamic player in the world of craft distilleries.Having previously collaborated on the Rasta Bob Coconut Rum, which sold out on the cwspirits.com platform, LQR House is thrilled to collaborate with Alamo Distilling again. The partnership will extend beyond Rasta Bob, encompassing a custom marketing campaign for a total of five of Alamo Distilling's key products.The selected products include Rasta Bob Coconut Rum, South Town Chamoy
MIAMI BEACH, FL / ACCESSWIRE / January 29, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, is thrilled to announce its upcoming NFT platform, RareSips. The Company is currently in the process of building the platform, with an expected launch in March. CLICK THIS LINK: https://cwspirits.com/pages/raresips to sign up for the pre-launch event the Company intends to hold in March, where the first 10 bottles will be available for exclusive presale. Simultaneously, the Company is going to initiate a waitlist because once it is launched RareSips plans regular drops for sale every few months.The RareSips
MIAMI BEACH, FL / ACCESSWIRE / December 11, 2023 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, proudly announces its strategic marketing collaboration with Brody's Crafted Cocktails. We expect that this partnership will propel sales for Brody's Craft Cocktails on CWSpirits.com. According to the report published by Virtue Market Research, the Global Craft Cocktails Market, was valued at USD 304 million in 2022, and is projected to reach a market size of USD 837.22 million by 2030, showcasing a remarkable CAGR of 13.5% during the forecast period 2023-2030. With this collaboration, LQR House aims to ca
LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, is thrilled to announce a significant 260% year-over-year increase in revenue for the month of June 2024 compared to the same period in 2023. The Company believes that this achievement underscores LQR House's performance and continued growth trajectory in both the ecommerce and alcohol sectors, as well as its ongoing commitment to expanding its portfolio of marketing clients each month.In June 2023, LQR House reported revenues of $65,575, while in June 2024, the Company experienced an impressive jump in revenue, reaching $236,157.05.
LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, proudly announces a significant advancement for its SWOL Tequila brand with a new agreement with Of The Earth Distribution Corp. (the "Of The Earth") for a total amount of up to $6.5 million USD. Of The Earth agreed to purchase SWOL Tequila for a total amount of up to $2 million USD. LQR House will also provide marketing services to Of The Earth for the purchased SWOL Tequila for a total amount of up to $4.5 million USD, which will depend on the number of purchased bottles. Of The Earth may choose to purchase lesser quantity of bottles and terminate the ag
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MIAMI BEACH, FL / ACCESSWIRE / November 6, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche e-commerce platform specializing in the spirits and beverage industry,is thrilled to announce a new marketing collaboration with The New York Cocktail Co., including a launch of a custom campaign highlighting their award-winning ready-to-drink cocktail Negroni, crafted by their team of New York's bartenders. This campaign will focus on driving traffic and sales for their bottled Negroni cocktail on CWSpirits.com.According to The New York Cocktail Co., their Negroni is more than just a cocktail; it offers convenience without compromising quality, capturing the essence of the b
MIAMI BEACH, FL / ACCESSWIRE / November 4, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, is pleased to announce significant revenue growth for October 2024, including a 424.58% year-over-year increase compared to October 2023 and a notable month-over-month increase in 8% from September 2024 to October 2024.In October 2023, LQR House generated $45,400 in revenue. For September 2024, the Company's revenue reached $238,159.57, highlighting the positive momentum driven by strategic partnerships and platform sales. Since going public in August 2023, LQR House has prioritized building sustainable par
MIAMI BEACH, FL / ACCESSWIRE / October 23, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche e-commerce platform specializing in the spirits and beverage industry, is excited to announce the successful shipment of its first batch of SWOL Tequila for analysis by the Liquor Control Board of Ontario (LCBO). This marks a significant step for LQR House as it begins its international expansion and entry into the Canadian market.The shipment of SWOL Tequila will undergo a thorough analysis by the LCBO, which oversees alcohol regulation in the province. This regulatory analysis is expected to take approximately six weeks. Once SWOL Tequila is cleared for distribution across