The stock of Reed’s Inc. (NASD: REED), which is about to release its quarterly results, has increased 2.53% to $0.1297 in after-hours trading on Wednesday.
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When will REED release its financials?
On November 10, 2022, at 5:00 p.m. Eastern time, Reed’s (REED) will have a conference call to go over its financial outcomes for the three months that ended on September 30, 2022. Prior to the call, a press release will detail Reed’s results.
REED is extending its reach
The availability of Reed’s seasonal REAL Cranberry Ginger Ale has been expanded, according to Reed’s. Throughout-store sales of Reed’s REAL Cranberry Ginger Ale are now accessible in 26 States’ worth of territory in the Northwest, Midwest, and Southeast.
Consumer response to the launch last year was very favorable. Because of this, REED is increasing the distribution and accessibility of this well-liked seasonal staple. The delicious cranberry flavor and REED Real Ginger Ale revitalize you in Reed’s REAL Cranberry Ginger Ale. This non-alcoholic effervescent beverage is made with natural ingredients, is Non-GMO Project Verified, uses organically pressed ginger, is sweetened with cane sugar, and, like all Reed’s products, has no preservatives, artificial colors, or flavors. Alternatively, combine with other ingredients to create a delectable drink or mocktail.
After Reed’s REAL Ginger Ale Cranberry’s introduction in 2021, people responded very favorably, and there has been a significant increase in demand for it to return and be made available in more retail places. Just in time for the holidays, REED will release this festive taste for its ginger-loving customers.
REED’s decision to list on NASDAQ
By decision dated September 28, 2022, a Nasdaq Hearings Panel (“Panel”) approved Reed’s request for an extension until February 13, 2023, to maintain the listing of Reed’s common stock on The Nasdaq Capital Market (“Nasdaq”). Reed’s (REED) just disclosed this information. The extension is contingent upon REED meeting certain intermediate milestones on schedule and, ultimately, the Company meeting all conditions for ongoing Nasdaq listing, including the requisite $2.5 million in shareholder equity and $1.00 bid price. REED is acting decisively to demonstrate prompt adherence to the requirements of the Panel’s ruling.
