Streetbeat News

LQR

LQR House Inc.

https://www.lqrhouse.com

Industry

Beverages - Wineries & Distilleries

LQR House Inc. provides digital marketing and brand development services for the alcoholic beverage business in the United States. Its primary business includes the development of limited batch spirit brands and marketing internal and external brands through an exclusive agreement with an e-commerce portal. The company serves individual consumers, wholesalers, and third-party alcohol brands. LQR House Inc. was incorporated in 2021 and is based in Miami Beach, Florida.

Open

0.94

Mkt cap

7.2M

Volume

158K

High

1.06

P/E Ratio

-0.30

52-wk high

3.47

Low

0.94

Div yield

N/A

52-wk low

0.40

LQR House has regained compliance with the Nasdaq's minimum bid price requirement by maintaining its stock price above the $1 minimum bid price for 10 consecutive days.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:54 pm

Despegar.com, Corp. (DESP) shares rose by 16.4% after raising its FY23 revenue guidance. Other stocks moved in Wednesday's mid-day session with significant gainers including Shattuck Labs (STTK), ReShape Lifesciences (RSLS), and C4 Therapeutics (CCCC), among others. Losers included Hywin Holdings (HYW), Boqii Holding (BQ), and Processa Pharmaceuticals (PCSA). Notable mentions include ABM Industries (ABM) with positive results and guidance, and Take-Two Interactive Software (TTWO) being added to the Nasdaq-100 Index.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 6:40 pm

During Wednesday's intraday session, several communication services stocks experienced significant movements. LQR House's stock surged by 39.5%, while NextPlay Technologies and GD Culture Group also saw substantial gains of 37.76% and 25.76%, respectively. Conversely, Loop Media's shares plummeted by 41.1% following their Q4 earnings report, and other companies like Oriental Culture Holding and Collective Audience also faced declines.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 5:31 pm

LQR House has launched a new marketing campaign for its Soda Jerk brand, focusing on promoting the Ready-to-Drink (RTD) Root Beer and Orange Cream flavors to boost awareness and excitement.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:53 pm

LQR House Inc. (NASDAQ:LQR) has announced a strategic marketing partnership with Brody's Crafted Cocktails, aiming to boost sales on its ecommerce platform CWSpirits.com. The Global Craft Cocktails Market is expected to grow significantly, reaching USD 837.22 million by 2030. LQR House is leveraging this growth by featuring Brody's Craft Cocktails, known for their all-natural, high-quality ingredients. The company's network of influencers is creating content to promote the partnership and drive consumer engagement.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:53 pm

LQR House Inc. (NASDAQ:LQR) has partnered with Todospray, a botanical-infused cocktail spray, to market the product on its ecommerce platform. The global botanical infused drinks market is valued at $328.4M and expected to grow at a CAGR of 6.4% from 2023-2033. Todospray, which sold out after a viral TikTok, is now back in stock. LQR House aims to create viral campaigns and boost conversion rates for Todospray, which is seen as a unique product in a growing market.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:33 pm

LQR House shares have resumed trading. There is no additional context provided regarding the reasons for the trading halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:01 pm

LQR House Inc. (NASDAQ:LQR) reported a 300% increase in November revenue YoY, driven by a record-breaking Black Friday Cyber Monday weekend on its ecommerce platform CWSpirits.com. The company's total revenue for November reached $300,000, attributed to both marketing contracts and direct sales. CEO Sean Dollinger expressed excitement over the results and anticipates further success in the upcoming holiday season.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:53 pm

LQR House Inc. (NASDAQ:LQR) has been actively repurchasing shares as part of its Share Buyback Program. The company bought back shares on three separate occasions at record-low prices, adhering to Rule 10b-18 guidelines. On November 21, 237,700 shares were acquired at $0.04813 each, on November 27, 2,000,000 shares at $0.030979 each, and on November 28, 813,022 shares at $0.0279 each, demonstrating the company's commitment to the program.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:35 pm

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