Operational Highlights
In the first half of 2023, Golden Grail Beverages prioritized enhancing our regional distribution network across
Financial Performance
For the first six months of 2023, sales reached
"Our remarkable growth in the first half of 2023 is a testament to the dedication and strategic vision of the Golden Grail Beverages team. The nearly tenfold increase in sales and our expanding distribution network underscore our commitment to delivering value to our shareholders and partners. As we navigate the challenges and opportunities ahead, I'm confident in our ability to continue this positive trajectory and further solidify our position in the market." -
Distribution and Partnerships
Golden Grail Beverages' portfolio has grown to over 20 DSD networks, with the majority being multi-brand partners. We have been heavily focused on expanding, building, and growing our regional distribution network to maximize revenue and minimize cost of sales, logistic costs, and expenses. Our direct-to-consumer initiative has expanded to include brand placements on Amazon, collaborations with local enterprises, and alliances with organizations and municipalities aligned with our vision of reducing plastic pollution.
Golden Grail Beverages teamed up with NASCAR Driver
Shareholder Relations
We engaged
We submitted a Company Action Request to
The company believes that certain individuals and/or companies may have engaged in naked short selling practices and other manipulative actions that have artificially lowered our stock price. The ongoing pattern of suspicious trading activity in our stock is a potential cause of the continued depression of our share price, which has had broad implications for our business and our shareholders, restricting our growth and impacting our cost of capital. Our team has spent considerable resources analyzing the trading of GOGY stock using multiple data points in our efforts to combat potential short selling of the Company’s stock and protect the interests of our shareholders.
When this type of trading activity is allowed to continue, it hurts not only companies but retail investors, the hard-working people who invest their money in the stock market. We will continue our fight to eliminate the bad actors and we hope that we can continue to rely on the support of our shareholders as we continue to execute our business plan.
"In reflecting on the first half of 2023, I'm immensely proud of the accomplishments of the Golden Grail Beverages team. Our focus on regional distribution and direct-to-consumer initiatives has proven successful, and the support from our shareholders has been invaluable. As we look to the future, our focus remains on delivering consistent value to our shareholders, fostering sustainable growth, and furthering our mission to make a positive impact in the beverage industry." -
Third and Fourth Quarter Endeavors
As we transition into the latter half of 2023, our focus remains on fortifying our core distribution network. Concurrently, we aim to broaden our E-commerce platforms, ensuring nationwide accessibility to the
Contact info:
+1 561-800-3891
Email: info@goldengrailbeverages.com
Website: https://goldengrailbeverages.com/
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Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations, and its financial performance and condition. Also, it has selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise.
Source:
2023 GlobeNewswire, Inc., source