LQR House Secures $1M Purchase Order For SWOL Tequila From Cannon Estate Winery
Portfolio Pulse from Benzinga Newsdesk
LQR House has received a $1 million purchase order for SWOL Tequila from Cannon Estate Winery. Cannon Estate is developing a high-end lounge in the Fraser Valley, where SWOL will be the featured tequila. The winery plans to use its established relationships with distributors and retail outlets to expand SWOL's presence across Canada, despite the challenges posed by the government-regulated alcohol market. This deal is seen as the beginning of a strategic expansion for SWOL Tequila.
January 10, 2024 | 1:38 pm
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LQR House has secured a significant $1 million purchase order for SWOL Tequila from Cannon Estate Winery, indicating potential revenue growth and expansion in the Canadian market.
The $1 million purchase order from Cannon Estate Winery is a substantial deal for LQR House, likely to boost investor confidence and potentially increase the stock price in the short term. The strategic nature of the partnership and the focus on expanding SWOL Tequila's presence in Canada could lead to increased sales and market penetration, which are positive indicators for revenue growth. However, the exact impact on the stock price will depend on the overall size of LQR House and how significant this deal is in the context of their total revenue.
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