Archive | Press Release

Reed’s, Inc. Announces First Quarter 2018 Financial Results

First quarter gross profit doubled as gross margin more than doubled to 27.8% Continued progress on Transformation and Value Creation Plan Launch of Virgil’s Zero Sugar line underway, shipping to distributors and retailers LOS ANGELES, May 14, 2018 (GLOBE NEWSWIRE) — Reed’s Inc. (NYSE American:REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages,… Read More →

Reed’s Inc. to Present at the 3rd Annual Disruptive Growth & Healthcare Conference Hosted by RHK Capital and ReedSmith

LOS ANGELES, May 02, 2018 (GLOBE NEWSWIRE) — Reed’s Inc. (NYSE American:REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced that Val Stalowir, the Company’s Chief Executive Officer, will be presenting and meeting with investors at the 3rd Annual Disruptive Growth & Healthcare Conference hosted by RHK Capital and ReedSmith, to… Read More →

Reed’s Inc. Announces Release Date of First Quarter 2018 Financial Results and Conference Call

LOS ANGELES, April 30, 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 first quarter ended March 31, 2018 after the market close on Monday, May 14, 2018. Following the release, members of Reeds,… Read More →

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

LOS ANGELES, April 04, 2018 (GLOBE NEWSWIRE) — In a release issued March 28 under the same headline by Reed’s Inc. (NYSE American:REED), please note “per case” has been added to the second subheadline, the first bullet under Financial Highlights for the Fourth Quarter of 2017, and the first paragraph under Financial Overview for the Fourth… Read More →

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 →