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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Reeds Inc | NASDAQ:REED | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.24 | 3.00 | 3.37 | 0 | 01:00:00 |
Now available in proprietary 20 oz. resealable bottles, beverages from Reed’s®, America’s #1 ginger company, and Virgil’s™, the company’s line of handcrafted, all-natural sodas, bring healthier alternatives to consumers’ on-the-go. Made with only all-natural ingredients, the initial range of includes:
The introduction of the 100% recyclable bottles marks Reed’s® and Virgil’s™ breakthrough into convenience and drug store channels nationwide, as well as an expansion into new sections in the supermarket. The 20 oz. resealable bottles will be primarily be available at retailers in the refrigerated and single-serve aisles, allowing for more immediate consumption for consumers.
“Launching our first resealable bottles marks a significant growth moment for Reed’s and Virgil’s as we enter new retail channels and increase our footprint at grocery stores nationwide,” said Norman E. Snyder, CEO of Reed’s, Inc.® “There is limited natural soda options that are available in c-store and convenience, and we have witnessed a demand from retailers and consumer alike for healthier and convenient alternatives. This innovation follows our tradition of bringing REAL, all-natural beverage options to our customers, and now with the versatile packaging, they have our better-for-you choices that can easily be enjoyed anywhere at any time.”
The company’s entry into the resealable format also creates an infrastructure for accelerated growth opportunities across all channels. With the pandemic resulting in can and glass supply constraints for the category, the resealable 20 oz. bottles positions Reed’s Inc. for continued momentum and expansion with both in-store and online retailers.
The new Reed’s® and Virgil’s™ resealable 20 oz. bottles are available at Kroger Supermarkets, select CVS Pharmacy locations and additional convenience and drug stores across the United States.
Reed’s® REALLY REAL Ginger Ale™ and Virgil’s™ Handcrafted Sodas also newly retail online in the resealable 20 oz. bottles at the Reed’s Store.
For more information about Reed's Inc., please visit the Reed's website and the Virgil’s website or call 800-99-REEDS. Follow Reed's on Reed’s Twitter, Reed’s Instagram, and Reed’s Facebook (@drinkreeds), and Virgil’s on Virgil’s Twitter, Virgil’s Instagram, and Virgil’s Facebook (@drinkvirgils).
About Reed's, Inc.®Established in 1989, Reed's is America's number 1 name in Ginger and America’s best-selling Ginger Beer brand and innovator for decades. Virgil's is America's best-selling independent, full line of natural craft sodas. The Reed's® portfolio is sold in over 40,000 retail doors nationwide. Reed's core product line of Original, Premium, Extra and Strongest Craft Ginger Beers, along with the Certified Ketogenic Zero Sugar Extra Ginger Beer are unique due to the proprietary process of using fresh ginger root combined with a Jamaican inspired recipe of natural spices and fruit juices. Reed’s recently introduced Reed’s Real Ginger Ale in both full and zero sugar versions that contain 2,000 mg of fresh ginger. The company uses this same handcrafted approach in its award-winning Virgil's™ line of great tasting, bold flavored craft sodas and Certified Ketogenic Zero Sugar Varieties.
Media Contact: 5W Public Relations reeds@5wpr.com 212.999.5585
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/058d8ae9-bd78-4e32-8a21-6866f28b7480
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