Splash Beverage Group Inc. Outlines Plans to Recommence Tequila Sales, Develop Costa Rica Water Extraction and Bottling Infrastructure, and Expand Qplash Platform Pending Capital Raise
Reuters
Oct 31
<a href="https://laohu8.com/S/SBEV">Splash Beverage Group Inc.</a> Outlines Plans to Recommence Tequila Sales, Develop Costa Rica Water Extraction and Bottling Infrastructure, and Expand Qplash Platform Pending Capital Raise
Splash Beverage Group Inc. has outlined a strategy focused on expanding its operations through both acquisitions and the development of recently acquired assets. The company plans to invest approximately $22 million over the next 12 months, with a portion of these funds allocated to constructing a bottling facility at its Costa Rica water assets and advancing other aspects of its business plan related to water extraction and sales. Additionally, management is considering recommencing sales of its tequila products and continuing the operation of the Qplash platform. The strategic initiatives also include exploring further acquisitions and divestitures as part of its growth strategy. The company notes that successful execution of these plans will require significant additional capital and may involve issuing equity, incurring debt, or using a combination of resources.
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