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Reed's, Inc. (REED)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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1.0900-0.3500 (-24.31%)
At close: 4:00PM EDT

1.0600 -0.03 (-2.75%)
After hours: 7:59PM EDT

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Trade prices are not sourced from all markets
Previous Close1.4400
Open1.1900
Bid1.0600 x 28000
Ask1.0700 x 36100
Day's Range1.0400 - 1.1900
52 Week Range0.5600 - 1.6800
Volume28,700,764
Avg. Volume2,258,637
Market Cap94.18M
Beta (5Y Monthly)1.30
PE Ratio (TTM)N/A
EPS (TTM)-0.1680
Earnings DateMay 10, 2021 - May 14, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.50
  • Reed’s Inc. Announces $7.9 Million Registered Direct Offering
    GlobeNewswire

    Reed’s Inc. Announces $7.9 Million Registered Direct Offering

    NORWALK, Conn., May 05, 2021 (GLOBE NEWSWIRE) -- Reed’s Inc. (Nasdaq: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced that it has entered into a stock purchase agreement relating to a registered direct offering in which the Company would sell up to 6,680,000 shares of its common stock at a price of $1.18 per share for gross proceeds of approximately $7.9 million. Roth Capital Partners, served as sole placement agent for the transaction. After the placement agent fees and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $7.4 million. The offering is expected to close on May 7, 2021, subject to customary closing conditions. Reed’s intends to use the proceeds to fund working capital and for general corporate purposes, including supporting additional distribution opportunities as the Company continues executing against its strategic plan. The shares described above are being offered by Reed’s Inc. pursuant to a registration statement on Form S-3 (Registration No. 333-229105), previously filed with and subsequently declared effective by the Securities and Exchange Commission. A prospectus supplement and accompanying base prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplement and accompanying base prospectus relating to this offering, when available, may be obtained from Roth Capital Partners, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800) 678-9147. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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. Safe Harbor / Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the proposed offering and the intended use of proceeds from the offering. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including market conditions, risks associated with the cash requirements of our business and other risks detailed from time to time in our filings with the Securities and Exchange Commission, and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements. CONTACT: Investor RelationsReed Anderson, ICR(646) 277-1260 ir@reedsinc.com www.reedsinc.com

  • Reed’s Inc.® Announces Expanded Distribution With CVS Pharmacy
    GlobeNewswire

    Reed’s Inc.® Announces Expanded Distribution With CVS Pharmacy

    Six New Beverage Multipacks From Reed’s® & Virgil’s™ Roll Out At Over 1,000 Stores Reed’s Inc.® Announces Expanded Distribution With CVS Pharmacy Six New Beverage Multipacks From Reed’s® & Virgil’s™ Roll Out At Over 1,000 Stores NORWALK, Conn., May 04, 2021 (GLOBE NEWSWIRE) -- Reed’s Inc.® (Nasdaq: REED), maker of the nation’s leading portfolio of handcrafted, all-natural beverages, announces further distribution with CVS Pharmacy as the company’s best-selling varieties expand into over 1,000 stores. The increased distribution brings more better-for-you beverage options from Reed’s®, America’s #1 ginger company, and Virgil’s™, a full line of handcrafted sodas, to CVS Pharmacy consumers. The expansion builds on the tremendous response the retailer received for the existing availability of Reed’s® Extra and Zero Sugar Extra Ginger Beer, which is crafted with REAL fresh, organic ginger root in a Jamaican-inspired recipe. Moving more prominently into CVS Pharmacy stores, in addition to Reed’s® Ginger Beer, the all-natural beverage multipack options now include Reed’s® REALLY REAL Ginger Ale™ Original and Zero Sugar, the only ginger ale on the market made with 2,000 mg of REAL, fresh-pressed organic ginger, as well as Certified Ketogenic sodas from Virgil’s™ in Zero Sugar flavors like Root Beer, Cream Soda and Cola, that are handcrafted with a proprietary natural sweetener system and no artificial preservatives. “Over the past year, Reed’s Inc. has been rapidly expanding our distribution across all channels, and we are excited to increase availability of Reed’s and Virgil’s beverages at CVS Pharmacy locations across the country,” said Norman E. Snyder, CEO of Reed’s, Inc.® “Growing from just two of our Ginger Beers at CVS Pharmacy, to now retailing multiple varieties from Reed’s and Virgil’s, shows our company’s unstoppable momentum to meet the demand from consumers and retailers alike for more all-natural alternatives.” Reed’s® and Virgil’s™ also retail at grocery and convenience stores nationwide, and online at the Reed’s® and Virgil’s™ Amazon Storefronts, as well as the Reed’s® and Virgil’s™ Online Stores. 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/e7198bd4-8488-4e6b-ad25-1ccdd5d2eda1

  • Reed’s Inc.® Expands Distribution With Defense Commissary Agency
    GlobeNewswire

    Reed’s Inc.® Expands Distribution With Defense Commissary Agency

    Reed’s® & Virgil’s™ Now Available at Over 200 Domestic & International Military CommissariesNORWALK, Conn., April 27, 2021 (GLOBE NEWSWIRE) -- Reed’s Inc.® (Nasdaq: REED), maker of the nation’s leading portfolio of handcrafted, all-natural beverages, today announces its expanded distribution with the Defense Commissary Agency (DeCA) to 179 commissary stores in the United States and 57 international bases that span Puerto Rico, Europe and Asia. Bringing more all-natural alternatives from Reed’s®, America’s #1 ginger company, and Virgil’s™, a full line of handcrafted sodas, the new distribution with DeCA builds upon the existing multipack availability of Reed’s® Extra and Premium Ginger Beer and Virgil’s™ Handcrafted Root Beer and Cream Soda at military commissaries. A significant expansion across the Reed’s® and Virgil’s™ portfolios, service members and their families now have access at domestic and international bases for additional better-for-you options, including: Reed’s® Original and Zero Sugar Ginger Beer (4-pack): Crafted with REAL fresh ginger root, natural fruit juices, honey and spices in a Jamaican-inspired recipe.Reed’s® REALLY REAL Ginger Ale™ Original and Zero Sugar (4-pack): Made with REAL ginger and nothing artificial, it’s the only ginger ale on the market packed with 2,000 mg of fresh-pressed organic ginger.Virgil’s™ Zero Sugar Root Beer, Cream Soda and Black Cherry (6-pack): Certified Ketogenic sodas are handcrafted with a proprietary natural sweetener system and no artificial preservatives.Reed’s® Craft Ginger Chews and Crystallized Ginger: Sourced from South Pacific Islands with only fresh ginger and all-natural, local ingredients, these craft candies are available in two sweet and spicy formats. “For over 30 years, Reed’s Inc. has been the leader for all-natural beverages. We’ve seen a tremendous response from military families for our offerings, and we are thrilled to continue the momentum from these initial successes and expand further in the commissary channel,” said Norman E. Snyder, CEO of Reed’s, Inc.® “Alongside DeCA, we’re increasing accessibility to healthier alternatives and bringing a wider range of our products to base commissaries across the United States, Puerto Rico, Europe and Asia.” Reed’s® and Virgil’s™ also retail at grocery and convenience stores nationwide, and online at the Reed’s® and Virgil’s™ Amazon Storefronts, as well as the Reed’s® and Virgil’s™ Online Stores. 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