Archive | Press Release

Reed’s, Inc. Announces Fourth Quarter and Full Year 2017 Financial Results and Receives Letter of Intent Related to Sale of Beverage Facility

Fourth quarter net sales increased 5.7% to $9.7 million Core Brand gross sales increased 6% with improvement in COGS per case Significant progress achieved on transformation initiatives, including receipt of letter of intent related to the sale of Los Angeles production facility and private label business Strong initial retailer response to upcoming launch of Virgil’s… Read More →

Reed’s Inc. Announces Release Date of Fourth Quarter and Full Year 2017 Financial Results and Conference Call

Retains ICR to Enhance Investor Relations Program LOS ANGELES, March 12, 2018 (GLOBE NEWSWIRE) — Reed’s Inc. (NYSE American:REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced that it intends to issue its financial results for the fourth quarter and full year ended December 31, 2017 after the market close on… Read More →

Reed’s, Inc. Announces New Board Appointment

LOS ANGELES, Jan. 11, 2018 (GLOBE NEWSWIRE) — Reed’s Inc. (NYSE American:REED) (“Reed’s” or the “Company”), owner of one of the nation’s leading portfolios of handcrafted, natural beverages, today announced the appointment of Dan Doherty, Principle of Raptor/Harbor Reeds SPV LLC.  to the Reed’s Board of Directors effective January 10, 2018. Mr. Doherty commented, “As… Read More →

Gordon Brothers to Market Sale of Reed’s Los Angeles Beverage Manufacturing Plant and Branded Candy Business

Transaction Supports Reed’s Strategic Transition to Focus on Sales and Marketing BOSTON and LOS ANGELES, Jan. 08, 2018 (GLOBE NEWSWIRE) — Gordon Brothers, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, has been retained by Reed’s, Inc. (NYSE American:REED), one of the nation’s leading portfolios of handcrafted,… Read More →

Reed’s, Inc. Announces NYSE American Compliance Achieved

LOS ANGELES, Jan. 03, 2018 (GLOBE NEWSWIRE) — Reed’s Inc. (NYSE American:REED) (“Reed’s” or the “Company”), owner of one of the nation’s leading portfolios of handcrafted, natural beverages, announced today that on December 28, 2017, the Company filed a Form 8-K report with the Securities and Exchange Commission announcing that at December 22, 2017, on… Read More →

Reed’s, Inc. Announces Closing of $14.0 Million Rights Offering

LOS ANGELES, Dec. 26, 2017 (GLOBE NEWSWIRE) — Reed’s Inc. (NYSE American:REED) (“Reed’s” or the “Company”), owner of one of the nation’s leading portfolios of handcrafted, natural beverages, announced today the closing of its rights offering (the “Offering”) of $1.50 per unit and that it raised the full gross proceeds of $14.0 million in the Offering…. Read More →

Reed’s, Inc. Announces Expiration of Oversubscribed Rights Offering

LOS ANGELES, Dec. 20, 2017 (GLOBE NEWSWIRE) — Reed’s Inc. (NYSE American:REED) (“Reed’s” or the “Company”), owner of one of the nation’s leading portfolios of handcrafted, all-natural beverages, announced today the expiration of the Company’s rights offering (the “Offering”) that was oversubscribed.  The subscription period for its previously announced rights offering of units at a… Read More →

Reed’s, Inc. Announces Chairman John Bello’s Intention to Participate in Company Rights Offering

LOS ANGELES, Dec. 18, 2017 (GLOBE NEWSWIRE) — Reed’s Inc. (NYSE American:REED) (“Reed’s” or the “Company”), owner of one of the nation’s leading portfolios of handcrafted, all-natural beverages, today announced that it has been informed by John Bello, chairman of Reed’s board of directors and founder of SoBe (sold to Pepsi in 2001 for $370 million),… Read More →

Reed’s, Inc. Announces Repricing of Rights Offering and Extension of Expiration Date

LOS ANGELES, Dec. 11, 2017 (GLOBE NEWSWIRE) — Reed’s Inc. (NYSE American:REED) (“Reed’s” or the “Company”), owner of one of the nation’s leading portfolios of handcrafted, all-natural beverages, today announced that it has adjusted the subscription price and related pricing information for its previously announced rights offering. The subscription pricing is now fixed at $1.50… Read More →

Reed’s Inc. Reminds Shareholders of Current Key Dates and Pricing Information Related to the Pending Rights Offering

LOS ANGELES, Dec. 06, 2017 (GLOBE NEWSWIRE) — Reed’s Inc. (NYSE American:REED) (“Reed’s” or the “Company”), owner of one of the nation’s leading portfolios of handcrafted, all-natural beverages, today announced that it has adjusted the subscription price and related pricing information for its previously announced rights offering. The subscription price is now fixed at $1.75… Read More →